Salary Sacrifice EV

[Dec27]

We are thinking about getting an EV via salary sacrifice. Has anyone experience of it please?

 

[motorbiking]

If you normally lease a car, and are a high or top rate tax payer its worth it, particularly if it can push you into a lower band for say, pension tax or loss of personal allowance.

The deals don't seem amazing though so if you are a basic rate payer, shop around.

If you earn £100,000 - £125,140 then it can help you get back some personal allowance
If you are above that it can reduce your 45% tax rate.
If you earn £200,000, then it can help reduce tax on pension.

But you have to balance that with the fact that EVs are cheap second hand

 

[Dec27]

It’s for the Mrs, she’s on £70k. After a quick read I sort of thought, if she takes £6k as salary sacrifice for an EV she’d save the 40% tax on that amount ?

 

[Murdochcat]

Until salary sacrifice is limited in 27 I think

 

[Dec27]

Until salary sacrifice is limited in 27 I think

That’s sort of why I want the Mrs to get it now.

Plus I’ve never experienced the joys of an EV