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Salary Sacrifice Calculator

Calculate how much you could save with salary sacrifice on an electric vehicle. With the 2% BIK rate, it's the most tax-efficient way to drive an EV.

Your Details

This calculator assumes you are a higher rate (40%) taxpayer. The actual BIK rate for electric vehicles is 2% for 2025/26.

Your Savings

£404
Effective Monthly Cost
£18,410
Total Savings
Monthly Lease Payment£656
Initial Rental (9 months)£5,906
Income Tax Saving (40%)-£263
NI Saving (2%)-£13
BIK Tax (2% rate)+£23
Net Monthly Cost£404

Comparison with Personal Lease

Personal Lease Monthly£788
Personal Lease Total (48 months)£37,800
Salary Sacrifice Total£19,390

How Salary Sacrifice Works

  1. Your employer leases the EV on your behalf
  2. The lease payment is deducted from your salary before tax
  3. You pay BIK tax at just 2% (vs 20-40% on cash salary)
  4. Your employer saves on Employer NI (13.8%)
  5. Everyone wins - you get a new EV for less

Ready to Save?

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