Start Your Salary Sacrifice Calculation
Free UK salary sacrifice calculator — estimate your net pay, tax savings and employer costs in minutes.
Our EV or Electric Car Salary Sacrifice Calculator can work out your net pay before and after Salary Sacrifice, plus the estimated employer cost of Electric Car Salary Sacrifice (just complete the employer profile).
You can even configure a car with options and see how this changes your Salary Sacrifice and net pay.
You don't have to select an electric car - you can choose any car you like, but the tax advantages of Salary Sacrifice are much better with electric cars and plug-in hybrids.
Just click on the link to configure a car, then store it in your garage and see the car in an EV or Electric Car Salary Sacrifice plan.
You can also change the costs for the car, such as the monthly contract hire rental, the maintenance package and the insurance costs and see how this changes your net pay.
But to get started calculating your Salary Sacrifice, click on one of the buttons below to jump straight into a Salary Sacrifice calculation:
To read more about EV or Electric Car Salary Sacrifice, scroll down the page or click this link.
What Is Electric Car Salary Sacrifice?
EV or Electric Car Salary Sacrifice is a way of swapping some of your pay to get a company car.
Typically the Salary Sacrifice car is electric or hybrid for tax reasons. This is because the tax due on company cars is currently much lower for electric cars and hybrids than for company cars with an internal combustion engine (or 'ICE').
How Salary Sacrifice Works
It's an arrangement where you give up part of your pay to get a company car.
Typically the salary you give up is equivalent to the cost of the car including the monthly finance payment for the car, plus the insurance and breakdown cover.
When you give up salary, you normally save income tax and employee national insurance on the salary given up, but you will pay company car benefit tax on the car.
As a result, an EV or Electric Car Salary Sacrifice plan can save you money compared with paying for a similar car from taxed salary, especially where the company car benefit tax is low.
How the Salary Sacrifice Calculator Works
Your employer provides you with a company car and a lower salary and uses part of the difference in pay to pay for the company car.
You can read more in our guide to how salary sacrifice works.
So where do you get started as an employee?
Click on the button above (the "I'm an Employee" button) and we'll take you through the stages of calculating the difference to your pay.
You'll need to provide some details about your pay and the company car you want, then we'll show you the difference in your net pay that you will receive from an EV or Electric Car Salary Sacrifice plan.
Salary Sacrifice Calculator FAQs
What does the electric car salary sacrifice calculator show?
The calculator estimates the effect of electric car salary sacrifice on employee net pay and can also show employer costs where employer details are entered.
Can I use the calculator for petrol, diesel or hybrid cars?
Yes. You can choose different types of car, but salary sacrifice is usually most tax-efficient for electric cars and low-emission hybrids because of lower Benefit-in-Kind tax.
Do I need to choose a car before using the calculator?
You can configure a car and store it in your garage before calculating salary sacrifice costs. This lets you compare different cars, option packages and running costs.
Is the calculator for employees or employers?
The calculator can be used by both employees and employers. Employees can estimate the effect on net pay, while employers can enter employer profile details to estimate employer costs.