Salary Sacrifice Calculator

Get Started

Vehicle Make

Vehicle Model

Lease Term (months)

Select Tax Rate

Basic Rate Taxpayer

Your taxable income is below the higher rate threshold

Higher Rate Taxpayer

Your taxable income exceeds the higher rate threshold

Choose Options

Early Termination Protection required?

Protection against early termination fees* T&Cs Apply*

Basic rate Employer tax saving passed on?

Employer passes on NI savings back to employee, reducing gross deduction

Higher rate Employer tax saving passed on?

Employer passes on NI savings back to employee, reducing gross deduction

Net Salary Sacrifice:

per month

PCH cost outside scheme:

per month

Saving:

per month, equivalent to

over a {{lease-term-duration}} month lease

Vehicle Information

Fuel Type

List Price

Total Monthly Cost (+VAT)

Salary Sacrifice Breakdown

Gross Salary Sacrifice

Income Tax Saving

NIC Saving

BIK Tax Paid

Employer Tax Saving Passed on (Taxed)

Net Salary Sacrifice (Monthly)

Employee Savings

PCH Comparison

Employee Saving (Monthly)

Employee saving over term

Employer saving (may be passed on)

NIC Saved on Salary Sacrifice

NIC Paid on BIK

Employer Saving

Employer saving over term

Annual Mileage

All calculations are based on 8,000 miles per year. Contact us for a bespoke quote.

Key

NIC: National Insurance Contributions
BIK: Benefit-In-Kind Tax
PCH: Personal Contract Hire

Notes

Calculations are for illustration purposes only, based on tax rates at time of creation, and should not be relied upon to make financial decisions. Always seek professional accounting and HR advice.
Assumes taxpayer will remain in either basic or higher rate tax with salary sacrifice. This will not always be the case and they may be taxed partially at both rates.
Assumes employer will claim 50% of applicable VAT and pass on saving to employee. VAT calculated at 20%.