elmo salary sacrifice scheme GreenCarGuide.co.uk
Using an EV salary sacrifice scheme, with a gross monthly salary of £2,917, and with a gross salary sacrifice of £433 (the leasing cost of £520 minus the VAT), your gross monthly salary would reduce from £2,917 to £2,484. You would then be taxed on this income, and pay £374 of income tax and £248 of National Insurance.. Just like the Cycle to Work schemes, employees can sacrifice a fixed amount of their salary each month in exchange for a brand new car. 0333 400 2020 Log in Create an Account
The lowdown on salary sacrifice schemes and tax
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The best EV salary sacrifice benefits come to higher-rate taxpayers, who by taking a salary sacrifice, can lower themselves into the lower tax bracket. For example, if a company were offering a £.. However on earnings from 100k to 125k the personal allowance is withdrawn at 50p for every extra £1. This acts effectively like a 60% band. Our salary sacrifice car scheme examples give you accurate indications of what the monthly cost of a car could be through our Pink Salary Exchange car scheme.
