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Salary Sacrifice Company Car Calculator.

1975damo
1975damo Posts: 22 Forumite
Part of the Furniture Combo Breaker
in Employment, jobseeking & training
Hi,
I am in the process of ordering a new company car through work. I wondered if anyone knows of a calculator to work out if I would be better off with using the company car scheme or getting via the company salary sacrifice scheme.
I know I have to pay BIK on both schemes. The company give £330 gross towards the car on the salary sacrifice scheme. My earnings are £47000 per annum.  Can anyone simplify how to work out the figures for tax on the salary sacrifice.

Thanks in advance.

Comments

  • Fruitcake
    Fruitcake Posts: 59,527 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 17 June 2020 at 2:50PM
    I think you would be better posting this in one of the money or work related benefit sections nearer the top of the main forum.
    I married my cousin. I had to...
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  • Cornucopia
    Cornucopia Posts: 16,603 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thread moved to Employment, Jobseeking and Training.
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