C2W - £ impact

[danf1983]

Sorry for the very basic question but i am trying to be 100% certain how much will be taken from my monthly pay - ie how much a month i will be worse off - before pulling the trigger. The numbers are;

Value of bike & accessories - £4,700
Sacrifice Term - 12 months
Total cost of hire through sacrifice - £2,726
Total Savings - £1,974
Total savings % - 42%

Gross salary deduction - £391.67
Net Salary deduction - £227.17

I think my monthly take home pay will reduce by £227.17 for 12 months but i was hoping for some clarification from others who have done this before.

Many thanks in advance.

Dan