EV via Salary Sacrifice - indicative monthly cost?

[anonymous-user]

Just been advised that my work are going to implement a salary sacrifice scheme for EV's shortly. I'm just about to order a new car and don't really want to hang about waiting for this scheme.

However I'm intrigued - does anyone have experience of schemes such as this and be able to give an indication of the monthly cost for say Tesla Model 3 or Audi E-Tron?

Cheers
Stuart

[anonymous-user]

Gee’s. That’s put a cat amongst the pigeons as it’s much better value than the personal lease(diesel) that I’ve been looking at until this morning.

Might need to hold off and see what the details of the scheme are. Cheers for the info!

[anonymous-user]

Just done a bit of research and hopefully could even stretch to a Taycan if my man maths can be justified.

The only I see is that I currently get a £7,500 car allowance so not sure if I would still qualify for that if I went down the salary sacrifice route. Currently no company car option.

[anonymous-user]

Some cracking deals there.

Does anyone know if you are able to participate in these SS schemes and still take a car allowance.

I get a car allowance as there is no company car option, but not sure if the SS that is to be introduced will effect this.

[anonymous-user]

My old work scheme was tusker and my mates was NHS. I never found a tusker car on my scheme less than double what his was. No idea how they compete.

[anonymous-user]

My pension is salary sacrifice, does anyone know if the ev salary sacrifice effects the salary that the pension is calculated from?

Eg. Say £60,000 pa worth 20% to pension, does this become £60,000 less EV at 20%?

[anonymous-user]

CheesecakeRunner said:

NHS fleet prices are not representative of the wider salary sacrifice market for private companies.

Fwiw, I pay 700 net (1150 gross) for a 2021 Model 3 Performance, 36 months, 15k miles per annum, maintained, insurance for me and my spouse, recovery, and any tyres needed. I’m a 40% taxpayer. The car is supplied by Arval.

I’m still waiting for more details of the scheme that my employer is going to be offering but I anticipate the prices being similar to the above. My main concerns are about how it affects my salary sacrifice pension and current cash car allowance. Have a ordered a new Touareg in the meantime as I don’t think the prices will be competitive for non private companies.

[anonymous-user]

Roger Irrelevant said:

My company recently started an electric car SS scheme which got me a bit excited - basically an EV would be a bit of a pain for me as I don't have off-street parking but I'd consider putting up with that inconvenience I could get a really good (read fast) one on the cheap. However when I looked into Taycan Cross Turismos (love 'em, think they're great) the net costs ended up being roughly what I would have guessed they'd be if I was paying out of post-tax salary anyway, but crucially I'd lose quite a chunk of employer pension contributions and that kills it for me. Maybe I was being too optimistic having heard about the amazing deals other people have got. Granted there are many other EVs available for much less but none of which seem special enough to warrant the cost and hassle that goes with them. One to revisit in a few years perhaps.

Have you had confirmation of the impact on pension?

I’ve signed up via Zenith and there is no impact on my pension contributions as my pension is also Salary Sacrifice and both the car and pension come off my gross pay. Was the first question I asked before signing up as I was worried about any pension impact.