Salary Sacrifice - Car scheme Help

whiter74

Hi

I’m new to car salary scheme world and trying to work out the gross & net cost of a EV I’m looking at before committing. 

I’m in  the 40% tax bracket aswell .

Vehicle technical cost (gross): £102.60/month.

My Car allowance (gross): £350/month (this is lost via salary sacrifice I believe ).

P11D car value: £32,155.

BIK rate: 2% (for zero CO2) 

Can anyone tell me the approx gross & net per mth cost  ? 

Thanks 

Bigphil1474

If you go onto a car salary sacrifice, you lose your allowance, so can ignore that unless you are counting as a loss? Have you also checked if you receive a mileage payment what happens to that? Where I work it goes down from 41p per mile to 11p per mile, which is a kicker. If so, might be better for you to keep the allowance and arrange your own lease car. I worked out I'd be better off just sorting my own lease out by about £50 a month, although keeping my currently owned petrol car is still £'s cheaper.

What is the monthly cost of the car - the net cost is normally that minus the tax? For a £32k car, it's gonna be in the region of £700/£400? Depends which scheme you are with, but the NHS fleet scheme I have access to provides all that info when you get a quote.