Electric car tax benefit scheme

[N2STY]

Has any one had any experience
Link is here
Look pretty interesting it includes insurance and servicing and I think payments are before tax a lot like the cycle to work scheme

 

[JohnInFrance]

Because it's salary sacrifice you save the tax and NI you would normally have paid on the regular leasing price as the deductions are taken before the taxes are applied - a great way to do things if you can, especially with NI rising in the UK this year.

I'd be careful to read the smallprint though as the example of the Model 3 on the front page gives a lease deal that includes just 5000 miles/year - that seems ridiculously low to me, so once a sensible mileage is included it would be worth checking against a 'regular' leasing deal before agreeing to anything. Also, you may want to check what the exit terms are in the event you changed jobs or worse, were made redundant.

 

[N2STY]

I don't think they picked the best example for the car to be fair a better priced car would of been better
When you lose so much to the tax man it's quite tempting I pay 40% tax so if I pay £400 pm on this scheme its the same as £200 take home right so 1/2 price pritty much? That 40% tax and 21% Ni
I am probably completely wrong lol

 

[N2STY]