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BIK/Salary Sacrifice
hmd1987
Posts: 424 Forumite
in Cutting tax
Hello
I'm looking at taking out an EV through my companys BIK scheme...They have sent over a quote which has a "Gross Salary Exchange " figure and then a lower "Total Cost To Employee" Figure.
Does anyone know if a calculator which can, reasonably accurately, calculate what my new take home pay would be each month? I'm currently a 20% tax payer, but very likely next year to be in the 40% tax bracket.
I'm looking at taking out an EV through my companys BIK scheme...They have sent over a quote which has a "Gross Salary Exchange " figure and then a lower "Total Cost To Employee" Figure.
Does anyone know if a calculator which can, reasonably accurately, calculate what my new take home pay would be each month? I'm currently a 20% tax payer, but very likely next year to be in the 40% tax bracket.
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