Need advice about company car and tax paid...

[Deleted User]

Hi. My partner has a company car and usually pays higher tax.  How can I work out the difference between having a company car and not?  The last two years we've earned just under the £50k but has a company car which has a taxable benefit of £9,306.  Can anyone point me in the right direction on tax codes etc.  Obviously I have his current one with company car but what would it be without? Any advice would be greatly appreciated.

sheramber

https://www.moneysavingexpert.com/tax-calculator/
Calculate his tax with his salary plus the value of the car BIK
then do the same with salary only.

molerat

As a very rough guide (which doesn't take into account pension deductions or other additional BIK)

On a salary of £50K he would pay £7498 tax

On £50K + £9306 car benefit he would pay £11218 tax

So the car is costing him £310 per month.

[Deleted User]

molerat said:

As a very rough guide (which doesn't take into account pension deductions or other additional BIK)

On a salary of £50K he would pay £7498 tax

On £50K + £9306 car benefit he would pay £11218 tax

So the car is costing him £310 per month.

Many thanks, that's what I managed to roughly work out too xx