company car tax calculations www.comcar.co.uk

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This is a simple tool for a driver to compare take home pay before and after a salary sacrifice in return for a company car. Insert your salary before sacifice in the top box, and insert the salary after sacrifice in the second box. You will then be able to see the difference in net pay and the two elements of salary deduction, and company car tax of which it is comprised. If not showing already, you will need to use the company car tax calculator to find the BIK (Benefit in kind) value of the car and fuel if relevant. The tax calculator will also link into this tool and save you the effort. The tool does not yet tell you how much real benefit you will get from the car, or whether you could fund it another way. (Try the "Cash or car" tool for that.) However these calculations will show you the basic impact of a salary sacrifice and company car on your net pay. Generally you will find that salary sacrifice schemes are based on sub 121 gmCO2/km cars because of their low BIK rates.

All values are in pound sterling (£)

Please wait while the tools loads...

Show detail Gross salary before sacrifice Net Pay 23218.60
Tax year 13/14   Tax Net Pay
Tax rate Income £ £
@ 0% 9440 0.00  
@ 20.0% 20560 4112.00  
@ 40.0% 0 0.00  
@ 45.0% 0 0.00  
Total 30000 4112.00 25888.00
Other taxable income such as bank and building society interest £
  Other income £  
at source @ 20.0% 0 0.00  
excess @ 20% 0 0.00  
excess @ 25% 0 0.00  
Total 0 0.00  
Employees NIC £  
@ 12.0%   2669.40  
@ 2.0%   0.00  
Total   2669.40  
Total on payslips 23218.60
Additional tax to pay via tax return or taxcode 0.00  
Show detail Gross salary after sacrifice Net Pay 22725.43
Tax year 13/14   Tax Net Pay
Tax rate Income £ £
@ 0% 9440 0.00  
@ 20.0% 20560 4112.00  
@ 40.0% 0 0.00  
@ 45.0% 0 0.00  
Total 30000 4112.00 25888.00
Other taxable income such as bank and building society interest £
  Other income £  
at source @ 20.0% 0 0.00  
excess @ 20% 0 0.00  
excess @ 25% 0 0.00  
Total 0 0.00  
BIK value of vehicle £
include fuel £
Vauxhall%20Corsa%205-door%201.3CDTI%20Exclusiv%2075PS%20ecoFLEX 		  Benefits £  
@ 0% 0 0.00  
@ 20.0% 2465.85 493.17  
@ 40.0% 0 0.00  
@ 45.0% 0 0.00  
@ 20.00% 2465.85   -493.17
Employees NIC £  
@ 12.0%   2669.40  
@ 2.0%   0.00  
Total   2669.40  
Total on payslips 22725.43
Totals on P11D 2465.85  
Additional tax to pay via tax return or taxcode 0.00  
  Net Pay difference 493.17
Loss of Gross pay 0.00   0
Additional tax on Vauxhall%20Corsa%205-door%201.3CDTI%20Exclusiv%2075PS%20ecoFLEX   493.17
Show detail Assumptions used
Upper income Limit:
Higher income Limit:
Restore Personal Allowance to £9440 Personal Allowance: £
Are you (related to) a company director? info
Tax on benefits threshold income info
NIC Earnings Threshold (ET) NIC Upper Earnings Limit (UEL)
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