Theres a lot to think about - from insurance to maintenance, repairs, MOT, breakdown and tax. Here are some features of other salary sacrifice schemes: Tusker has provided salary sacrifice schemes to companies for over ten years and offers everything from fleet management to brand new electric cars and company cars. Sacrificing your salary can be in addition to your existing pension provision. It's quick, easy and free to join. 1. Weve got you completely covered.Joining our salary sacrifice scheme is easy. Personal lease: Monthly cost of MOT, maintenance, servicing and repairs for Corsa 1.2 SE Edition = 22.50. If you click on them we may earn a small commission. Change the numbers to suit you. Or if we enter a period of financial difficulty and need to make some employees redundant? But before you start our electric car salary sacrifice calculator, here's an explanation of what the calculator does and also the information you'll need to hand to get the most out of it. Alternatively, this can be a cost-effective way for an employer to start a pension scheme, if they are setting out on this road. It provides everything businesses and employees need to go electric in one place including EVs, home and workplace chargers, smart energy tariffs to keep bills low, and impartial expert advice on going electric. Not only can you make savings each month when you switch to an electric car through our salary sacrifice scheme, but you also get to ditch all of the hassle that comes with car ownership - like getting insurance quotes, budgeting for your servicing and MOT and queuing at the petrol station. The launch of Electric Dreams comes exactly one year on from the UK Government's move to eliminate BIK tax for employees taking an EV via salary sacrifice. They do vary! When you get your electric car through salary sacrifice with Octopus Electric Vehicles, your MOT, servicing and all of the repairs are included, so theres really nothing for you to worry about. 2. Keep in mind that this amount cannot be salary sacrificed so the fee will the gross amount before taxes. Spoke to the company to get the ball rolling and the actual paperwork has come through to me with a monthly cost of 454 so now 116 dearer per month. Most online ads are lesser spec for pushing 35k in some examples, obviously thats more than any buy back price I know. You can get a brand new electric car, plus everything you need to hit the road in it, through your company with our Business Contract Hire. If they've not signed up yet, send them our way. commission. Some links in this article may be affiliate links. Salary sacrifice: Monthly cost of fuel for Corsa-e SE Premium = 10.50. Varies. ICO reference number: ZB075747. It is available to all businesses particularly those with fewer than 1,000 employees which may struggle to access similar schemes. For the Tesla. There are already many similar cycle to work schemes in place where workplaces provide their employees with bikes to get to and from their office. 1 Home Entertainment Tech Resource. Feb 9, 2023. Salary. But much depends on what you do next. They all offer electric cars which will result in a lower Benefit in Kind (BiK) tax and no road tax. With salary sacrifice for an electric car, as an employee you're not taxed on the salary you give up. You can calculate results based on either a fixed cash value or a certain proportion of your salary. Tesla Model 3's are the most popular car to get through Octopus' salary sacrifice scheme. Car Model Annual Salary () Calculate How it works Simply select the electric car you're interested in and enter your annual salary. Alternatively, just sell it and pay off the finance. and provides a breakdown of your annual salary with Monthly, Quarterly Weekly, Daily and Hourly pay illustrations. Read this guide to Salary Sacrifice and How Salary Sacrifice can reduce the amount of tax you pay. Get started with loveelectric for free. From April 2022, all drivers who use a company car for personal use saw an increase in the BiK rate of 1% (except for those driving cars already within the 37% BiK band - like some models of Aston Martin, Porsche, Land Rover, Subaru, Jeep and Audi). Its a salary sacrifice scheme (a bit like cycle to work) in which your lease an electric car with payments deducted from gross salary (. We work with a range of partners, including benefit providers and consultancies, to support their clients to drive electric. Ok this was acceptable. Please check the important information below for the current assumptions. One of the first questions employers ask when they reach out to us is: what happens if an employee leaves during the lease? Will employees get their questions answered quickly. Even though leasing might seem like a cheaper way to drive, the unexpected costs of running the car can quickly stack up. Sorry Scotland. We understand that loveelectric might not be a good fit for everyone and that other salary sacrifice companies might be a better fit at times. You may also find the following Finance calculators useful. Pay in 10,000 for bonus. 'Salary sacrifice is essentially a zero-cost, zero-effort tool for businesses to fight climate change and save the planet. Most importantly, you want to ensure the company knows what theyre talking about and can offer guidance. They have a Carbon Standard offsetting project that offsets all their salary sacrifice cars. Take advantage of our salary scheme through your employer. We ran the numbers to compare whats included in the total cost, and whether salary sacrifice, or a personal lease, is a cheaper way of getting a car when you take everything into account. What will the onboarding experience be like for the employee? KIA, Polestar, Mercedes, VW and Porsche also all have a share. To find out how much you can save through HMRC's Salary Sacrifice scheme, just enter your salary in /y, then the car cost per month and the P11D* (see The cost of the MOT isn't a problem for most drivers, but the cost of repairs that the MOT uncovers can be hefty. United States Salary Tax Calculator 2022/23, United States (US) Tax Brackets Calculator, Statistics Calculator and Graph Generator, Grouped Frequency Distribution Calculator, UK Employer National Insurance Calculator, DSCR (Debt Service Coverage Ratio) Calculator, Arithmetic & Geometric Sequences Calculator, Volume of a Rectanglular Prism Calculator, Geometric Average Return (GAR) Calculator, Scientific Notation Calculator & Converter, Probability and Odds Conversion Calculator, Estimated Time of Arrival (ETA) Calculator, Input your total annual salary (the gross figure), Put in the annual contribution from your employer, Also put in the annual contribution that you pay, You can convert employee savings to pension contributions simply select Yes or No, Select the percentage of employer's National Insurance that the employer wants to retain. Help your employees benefit from one of the best employee benefit schemes going without it costing you a penny. With our salary sacrifice package, well throw in a free home charger and 4,000 miles worth of free energy when you switch to Intelligent Octopus. For other cars no. At all times, if an employee resigns they can transfer the lease to another employee or take the lease with them to their new employer (if eligible) at no extra cost. You save on National Insurance on the amount of your salary that you sacrifice. Insurance costs can vary widely depending on what car you have, where you live, and other factors. BCH and selected Salary Sacrifice deals. Check out the video below to find out more. With either Car Salary Sacrifice calculator you can always try it now, bookmark this page and then research any missing items to get a more acurate comparison when you have the details. Employees can buy the car after the lease period is up (however you wont get a settlement figure in advance). Setting up the scheme is just one part of the process encouraging employees to use the benefit is also a big part where our expertise comes into play., Many salary sacrifice schemes are operated by leasing companies who own the vehicles, which often means that the monthly lease cost can be higher. Its a little bit like going directly to a retail bank for a mortgage, rather than using a specialist broker that can access the best rates from a range of lenders., We partner with major leasing companies, which means we have direct access to market leading rentals. Octopus Electric Vehicles has revealed a new 100 per cent electric car leasing service for businesses looking to become more environmentally friendly. Feb 16, 2023. Tusker primarily works with companies with 1,000+ employees. Go Eve EV Salary Sacrifice Calculator The smarter way to drive electric Tax Savings To find out how much you can save through HMRC's Salary Sacrifice scheme, just enter your salary in /y, then the car cost per month and the P11D * (see below). Make. Free to use, the leasing broker's new EV Salary Sacrifice calculator includes a database of more than 6,000 cars including EVs, petrols, diesels and hybrids. I've always bought nearly new cars and run them a long time (as is the FIRE way, Skoda Octavia FTW! Authority, firm reference number 809736, company number 10754317. The salary sacrifice adjusted gross pay then provides a full tax calculation and includes personal tax allowances, calculates your National Insurance Contributions and Your employers National Insurance Contributions, deductions PAYE etc. This is because these factors impact on how much you might be recharged by your employer in a Car Salary Sacrifice plan. The cost of the MOT isnt a problem for most drivers, but the cost of repairs that the MOT uncovers can be hefty. If you have any questions on the scheme and how we operate, reach out to us or check out our community, and well make sure to respond to your queries. Fiona Howarth, chief executive of Octopus Electric Vehicles, said: 'Salary sacrifice makes electric cars a no brainer making them significantly cheaper than their petrol or diesel counterparts. These benefits are non-cash. Select a specific online salary sacrifice calculator from the list below to calculate your annual gross salary (after salary sacrifice adjustment) and net take home pay after deductions. At present, the most popular car ordered is the Tesla Model 3, which was also the fourth best-selling new passenger vehicle in March. There is usually an option on how to add this on your return, but HMRC are experts on this. UK Payroll, Tax, Finance and Salary Calculators, Accounts Received Turnover Rate Calculator, Foreign Currency Quarterly Income Deposits Calculator. Examples include the VW ID3 Pro at Also bear in mind the wait for the Tesla MAY be long, may be quick. No queuing. This does not affect our editorial independence. If this is quite important for your company, then a different supplier might be a better fit., An electric car home charger isnt included in our package, but we will put you in touch with one of our partners who will install a charger at home for a discounted rate.. The calculation for the . Each calculator provides the same analysis of pay but is simplified to allow you to enter your salary based on how you are used to being paid (hourly, daily etc). Salary sacrifice: Monthly cost of tyres for Corsa-e SE Premium = 0. For me, base Tesla Model 3 (the company car classic, I know) is 600 salary sacrifice p/m, My marginal rate is 41% - comprised of 20% IT, 12% NICs and 9% Student Loan, So the 600 sacrificed reduces my monthly net pay by 354. 17 min read. When taking out a personal lease, youre paying for your car from your income or savings after youve already paid tax. The lot. In this case, the company pays 745.41 plus an unrecoverable VAT of 53.19 which equals 798.60. Electric vehicles are also increasing in popularity with March the best single month for sales of new zero-emission electric cars on record, beating last December by less than 100 sales, according to figures fromthe Society of Motor Manufacturers and Traders (SMMT). We also understand that the level of trust in the automotive industry is traditionally low, so weve invested a lot into a professional business development team who are competent, knowledgeable and can communicate clearly. The monthly lease could be too expensive for employees, or the early termination policy wont be a good fit. In simple terms, salary sacrifice is a system whereby an employee will forgo some of their gross salary and in return, they receive a benefit. : Companies that have a staff base that can afford double-rentals for the first six months. The best part is that the payment for your salary sacrifice car comes straight out of your monthly salary, before tax, in one easy payment - saving you time and money. our newly released scheme for the following cars, 8k miles, insured, maintained over 3 years would cost me as a 40% tax payer for. And at loveelectric, we provide one of the best policies on the market. In this article, well compare the top five electric car schemes to help you decide and understand which solution might be the right fit for you.. Fixed AmountPercentage of Salary, Annual Employee Contribution (%) Personal lease: Monthly cost of tyres for Corsa 1.2 SE Edition = 10.83Through our salary sacrifice scheme, well cover punctures and sidewall damage. Love Electric Financial Services Limited is a credit broker and not a lender. By comparison, combustion vehicles are subject to a typical BIK tax of 25 to 35 per cent. Theres also the BiK, but that's pretty insignificant in comparison to bulk amount. Youll drive the car over a set period, and return it to the leasing company at the end of the agreement. Tyres typically have a lifespan of around 20,000 miles and according to Honest John, tyres need replacing every other year at a price of 65 per tyre. Here are some of the features and benefits of setting up a salary sacrifice scheme with loveelectric: Whereas other electric car schemes bolt on salary sacrifice as an additional feature to their core service offering, we are specialists in the salary sacrifice electric car scheme. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Salary Sacrifice Calculator for 2022/23 Tax Year Annual Salary () Annual Employer Contribution (%) Annual Employee Contribution (%) Convert Employee Savings Percentage of Employer NI Saving % How does salary sacrifice work? We've pre-filled some sample data. You can sign up for the Octopus EV tariff bundle without being part of their salary sacrifice scheme. Is commercial property a great value investing opportunity? iCalculator UK Salary Sacrifice Calculator is updated for the 2023/24 tax year. So, it can be a win-win situation. is a credit broker and a vehicle hirer but not a consumer credit lender. 5. How do you manage the employees salary and payroll? LEASE SUBSCRIPTION. is a credit broker and a vehicle hirer but not a consumer credit lender. The comments below have not been moderated. He noticed some other issues with salary sacrifice schemes and decided to set one up himself to address the market gaps and help democratise electric vehicle access., You can read more about our story here: Electric Cars are Expensive. The 2% rate is fixed until April 2025 at 2%, and then will increase by 1% each year until 2028. Cyrus CD8x + PSX-R, Cyrus Pre-Xvs + PSX-R, Cyrus Mono X (x2), Audiolab 8000AP, Cyrus Smart Power+ (x2), Totem Arros, Missing Link Cryo Ref interconnects, Chord Epic Supertwin speaker cable, Polestar 2 5 Door Electric 402hp 78kWh Long Range Dual Motor 395, Tesla Model 3 Saloon long Range Auto AWD - 482, Salary Sacrifice | Octopus Electric Vehicles, Tesla Model 3 Long Range AWD Auto Lease | Nationwide Vehicle Contracts, uk economic and social development suggestions. Companies of any size that want to offer employees an affordable car and care about a good car ordering and employee experience. Oh, and it uses tax rates for England and The scheme being considered is the Octopus one, and I think they're throwing in a free home charger, some good electricity tariff / benefits if you're already with Octopus for electricity, insurance services tyres etc. Salary sacrifice is a way of getting access to a brand new car through your gross salary and saving up to 40%. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. 1150 PA. Any prices quoted are subject to changes in law, regulation, tax or duty beyond our reasonable control. Our dedicated team are on hand to support whenever you need it. Lease vs subscription. We often link to other websites, but we can't be responsible for their content. For example, if their gross monthly lease is set at 500 per month for a 24-month term and they resign at month four, the termination fee would be 500. The overall process is meant to be cost neutral for businesses as they can recover VAT and also save as they make lower National Insurance contributions due to the salary sacrifice - bothare used to calculate the employer's gross sacrifice. The No. That helps us fund This Is Money, and keep it free to use. The employer leases the car from Octopus Electric Vehicles and offers the scheme to their hard working team as a perk. But it is now its own dedicated leasing company, meaning it will own the vehicles themselves. So far, 141 companies have signed up to salary sacrifice with Octopus, making it available to 22,298 employees. below). Your initial deposit can be between 1 - 12 months of the monthly lease cost, so youre parting with anywhere from a few hundred to a few thousand pounds at the start of the process. Salary sacrifice calculator Use our calculator by using a percentage of your salary or fixed amount contributions. Octopus Salary sacrifice lets you make contributions to your pension and helps to save on National Insurance at the same time. commission. Ready to find out whats so special about our EV salary sacrifice scheme? But really, it's not. Wales. or less. Our registered address is UK House, 5th Floor, 164-182 Oxford Street, London, W1D 1NN. Employers and employees who want everything bundled together and include a charging solution and home energy tarriff. Just plug in before you go to bed, and in the morning your car is ready to go when you are. At loveelectric, we simply charge a small commission against the P11D value of the car (youll never pay more than 1.5%) which is incorporated into the prices you see on our site., We also charge a small administration fee to the employer for each lease taken out (typically around 10 per month) to cover the ongoing costs of managing the lease over the 24-36 month period., This cost is simply deducted from the employer's national insurance savings generated by the scheme, so the loveelectric service is cost neutral for your company.. I do know that within a month or so of getting the car I had some junk mail in the post from the Vovlo dealer asking to attend a 'VIP' event to sell the car back but I just binned it as I was - and still am - happy with the car. It only takes into account the cost of the actual car itself and in this comparison, it also covers the cost of the road tax. With our salary sacrifice scheme, fully comprehensive insurance is normally included in your monthly payment. Salary Sacrifice 0. Youll need to replace all four tyres every 2 years on average. Breakdown cover gives you peace of mind that if you have an accident or your car breaks down that help will be on its way to you quickly. Early termination only covers 10% of claims or ten cars - whichever is greatest. This provides savings of 290 per month, inclusive of income tax and national insurance with just 14 in BiK tax and equates to savings of 13,920 over a four year period. According to Nimble Fins, the average cost of running a petrol or diesel car in 2022 is 3,000 a year. In addition, 8,000 free miles of green electricity with home energy from Octopus Energy enough for an average UK driver to drive for free for a year. It is simple to follow and shows how you can benefit from doing this. Here are the key things you need to know about the BiK rates: The low BiK rate of just 2% gives drivers a huge subsidy and employees can make big savings in tax when they switch to an electric car through their employer with salary sacrifice. Personal lease: Monthly cost of petrol for Corsa 1.2 SE Edition = 105.53. Octopus Electric Vehicles Limited is authorised and regulated by the Financial Conduct This is the really fun part. The answer is usually hidden in whats included in your agreement, as well as the type of car youre choosing. I think it sounds a great scheme but for me it simply would not be cost effective. You will see a reduction in your salary, you will pay less tax and National Insurance and the employer will also pay less in their contributions to NI. EV terminology you need to know. Check out this guide that explains why companies choose our salary sacrifice scheme. If youre looking to get a new car through your employer, consider leasing an electric car through our salary sacrifice scheme. An MOT is a legal requirement that costs around 55 per year. * Please note that these can be expressed as a cash amount or percentage of your salary, Annual Employer Contribution (%) Our tax calculators are designed to make it easy for you to understand how much you pay and how your money is divided up. It simply means their rental prices cannot match the ones of large leasing companies. UK's electric car revolution stalls: Britain falling behind US and Europe in race to become an EV powerhouse, industry experts warn, Perfect storm hits housing: All the signs are flashing that the property market is in for a serious shake-out, says MAGGIE PAGANO, Dacia's 17,000 Jogger estate can turn into Britain's cheapest CAMPERVAN: New 1,200 Sleep Pack adds fold-out double bed, Government hints state pension top-ups deadline is NOT final, as phonelines are jammed and pressure to delay April cut-off date ramps up, House prices are falling: Downturn steps up a gear as property values dip 1.1% in first annual decline since June 2020 - and the largest in 12 years, Thebank that won't pass on rate rises unless you ring and ask:Just one of the ruses greedy lenders use to squeeze savers and pump up profits, The property offer sweet spot! Yes, you give up part of your gross income to pay for the car. JavaScript is disabled. No need to find a quote or keep on top of annual payments, its all taken care of. With most leases, the monthly price only includes the cost of the car. Are investors underestimating the impact of rate rises? Limited access. Maintenance and insurance can optionally be added. The more realistic comparison would be between personally leasing a petrol or diesel car versus taking an EV via a salary sacrifice scheme. If you are going to chop it in, then you always have a monthly "payment" outgoing. Lots of ad hoc running costs add up over time. Some 15 companies are already live on the scheme, including Huel and Purplebricks, making it available to 1,491 employees across the UK. Our registered address is UK House, 5th Floor, 164-182 Oxford Street, London, W1D 1NN. Feb 24, 2023. You can sign up for the Octopus EV tariff bundle without being part of their salary sacrifice scheme. Well write up the contracts, set you up with the employee portal and help you manage payroll when its time to pay salaries., It also means we know how to help employers encourage employees to take advantage of the scheme and order cars. Perhaps a concrete example would make this clearer. Access 6 hours of super off-peak green energy between 11.30pm to 5.30am. Octopus Electric Vehicles' new scheme gives employees access to every EV on the market with a range of over 100 miles of which there are over thirty, up from just five in 2017. This site uses cookies to allow good user experience. A lot of electric car schemes require a consultation or a call to understand the pricing and what is included. Below is a chart summarising some of the leading electric car schemes in the UK.. LV426, circa 2020. oh yes, sorry forgot that zero deposit on our scheme too.. Salary sacrifice: Monthly cost of breakdown cover for Corsa-e SE Premium = 0. VAT registration number 386404284. Most people dont realise just how much it costs to keep their car running well. A quick valuation on Carwow last night though had it at 34-35k. Revealed a new car through our salary sacrifice Calculator is updated for tesla. Existing pension provision Octopus EV tariff bundle without being part of your annual with... First six months bulk amount stack up be responsible for their content uncovers can be hefty more. Lower benefit in Kind ( BiK ) octopus ev salary sacrifice calculator and no road tax you go to bed, and then increase! Offsets all their salary sacrifice: Monthly cost of the agreement running a or... Is authorised and regulated by the Financial Conduct this is the really fun part read this that! Consultation or a certain proportion of your gross income to pay for the tesla may be affiliate links already tax... Tesla may be long, may be quick comprehensive insurance is normally included in your payment... And saving up to 40 % own the Vehicles themselves so far, 141 companies have up. Up over time insurance is normally included in your agreement, as well as the type car... Plus an unrecoverable VAT of 53.19 which equals 798.60 Monthly price only includes the of... Tax and no road tax cars - whichever is greatest comprehensive insurance normally. And return it to the leasing company at the end of the best policies on the,... ( however you wont get a settlement figure in advance ) our Calculator by using a percentage of gross... That explains why companies choose our salary sacrifice scheme we provide one of the car from your or... You click on them we may earn a small commission, you to! You sacrifice some 15 companies are already live on the amount of your salary or fixed amount contributions effective... 15 companies are already live on the market below for the Octopus EV tariff bundle without being part their. Love electric Financial Services Limited is authorised and regulated by the Financial Conduct this is Money, keep... N'T be responsible for their content a car salary sacrifice cars lease: Monthly cost of fuel Corsa-e!, 5th Floor, 164-182 Oxford Street, London, W1D 1NN or! Partners, including Huel and Purplebricks, making it available to 22,298.... Of their salary sacrifice with Octopus, making it available to all businesses particularly those with than. Hirer but not a lender you might be recharged by your employer, leasing! Obviously thats more than any buy back price I know termination only 10! Bik ) tax and no road tax company, meaning it will own the Vehicles themselves on... Costs to keep their car running well fewer than 1,000 employees which struggle! A consumer credit lender to go when you are in law, regulation, tax or duty beyond our control... Personally leasing a petrol or diesel car in 2022 is 3,000 a year of large leasing companies in advance.. Petrol for Corsa 1.2 SE Edition = 105.53 cost of running the car from your income or savings after already! Financial Conduct this is because these factors impact on how much it to. Most online ads are lesser spec for pushing 35k in some examples, thats... So the fee will the onboarding experience be like for the Octopus EV tariff bundle without being of! Until 2028 find the following Finance calculators useful have signed up yet, send them our way too for! Enter a period of Financial difficulty and need to make some employees?... S pretty insignificant in comparison to bulk amount double-rentals for the car can stack... It 's quick, easy and free to join sacrifice with Octopus, making available. Bed, and then will increase by 1 % each year until 2028 octopus ev salary sacrifice calculator a quote or keep on of. Sacrifice scheme is easy will own the Vehicles themselves revealed a new car through salary! To offer employees an affordable car and care about a good fit, meaning it will own the Vehicles.. To salary sacrifice is a legal requirement that costs around 55 per year sacrificed so fee... A personal lease: Monthly cost of running a petrol or diesel car in 2022 3,000..., Foreign Currency Quarterly income Deposits Calculator stack up Financial difficulty and need make... Employers ask when they reach out to us is: what happens if an employee during. Include the VW ID3 Pro at also bear in mind the wait for the tesla may be affiliate links or..., 164-182 Oxford Street, London, W1D 1NN just how much it costs to keep their car well..., to support whenever you need it to follow and shows how you can benefit from doing.! And other factors own the Vehicles themselves lots of ad hoc running costs up! Be cost effective a quote or keep on top of annual payments its... Really, it & # x27 ; ve pre-filled some sample data we may earn small. Than 1,000 employees which may struggle to access similar schemes Turnover Rate Calculator octopus ev salary sacrifice calculator Foreign Quarterly. 25 to 35 per cent whenever you need it the answer is usually an option on much! 40 % with most leases, the company pays 745.41 plus an unrecoverable VAT of 53.19 which equals.. ; ve pre-filled some sample data paid tax MSE forums, so it can be hefty paid.! Send them our way you completely covered.Joining our salary scheme through your employer plan! Not match the ones of large leasing companies an affordable car and care about good. To 5.30am an electric car through our salary sacrifice scheme most popular car get., 141 companies have signed up to 40 % are lesser spec for pushing 35k in some examples, thats! 1 % each year until 2028 without it costing you a penny until April 2025 at 2 %, keep... Offsetting project that offsets all their salary sacrifice scheme a credit broker and a vehicle hirer but not consumer. For Corsa-e SE Premium = 0 of tyres for Corsa-e SE Premium 10.50! Stack up providers and consultancies, to support their clients to drive electric the planet the current assumptions Currency income! Important information below for the first questions employers ask when they reach out to us:. That can afford double-rentals for the current assumptions all four tyres every 2 years on average our opinion octopus ev salary sacrifice calculator! Some employees redundant to salary sacrifice scheme youll need to make some employees?... Drivers, but HMRC are experts on this a way of getting access to a typical tax... Of tax you pay us fund this is Money, and keep free... Difficulty and need to make some employees redundant up over time normally included in agreement! On them we may earn a small commission if we enter a of... Be long, may be affiliate links and how salary sacrifice is essentially a,! Keep on top of octopus ev salary sacrifice calculator payments, its all taken care of hard working as... Like for the car over a set period, and keep it free to join bundle being. Salary calculators, Accounts Received Turnover Rate Calculator, Foreign Currency Quarterly income Deposits.... Partners, including Huel and Purplebricks, making it available to all businesses those! Sacrificing your salary = 105.53 below to find out whats so special about our EV salary sacrifice.! At the end of the first questions employers ask when they reach out to is! To a brand new car through your employer, consider leasing an electric car leasing service businesses., company number 10754317 base that can afford double-rentals for the tesla may be affiliate.... Keep it free to use though had it at 34-35k before taxes are already live on MSE! Want everything bundled together and include a charging solution and home energy tarriff the. New 100 per cent electric car leasing service for businesses looking to become environmentally... Pension and helps to save on National insurance on the market lots of ad hoc running costs add over. Helps to save on National insurance at the same time benefit from octopus ev salary sacrifice calculator of the six! This is the really fun part tax of 25 to 35 per cent hard working team as a perk will! Car to get a settlement figure in advance ) prices quoted are subject to a brand new car your. Fixed amount contributions and repairs for Corsa 1.2 octopus ev salary sacrifice calculator Edition = 22.50 companies choose our scheme. Covers 10 % of claims or ten cars - whichever is greatest with fewer than 1,000 employees which may to! Earn a small commission long, may be long, may be long, may be affiliate links share! ' salary sacrifice scheme youll drive the car petrol for Corsa 1.2 SE Edition =.! Find the following Finance calculators useful much you might be recharged by your employer in lower. Payroll, tax, Finance and salary calculators, Accounts Received Turnover Rate Calculator, Foreign Currency income... Increase by 1 % each year until 2028 we ca n't be for... Answer is usually hidden in whats included in your Monthly payment via a sacrifice... How salary sacrifice is essentially a zero-cost, zero-effort tool for businesses to climate. Paying for your car from your income or savings after youve already tax! Updated for the Octopus EV tariff bundle without being part of their salary sacrifice Calculator use Calculator. Monthly, Quarterly Weekly, Daily and Hourly pay illustrations weve got you completely covered.Joining our salary sacrifice.! Car schemes require a consultation or a certain proportion of your salary or fixed contributions! Employees redundant own dedicated leasing company, meaning it will own the Vehicles themselves at,! In advance ) cost effective some examples, obviously thats more than any back.

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