Salary Sacrifice Car Calculator
Get started using the calculator and find out just how much cheaper an EV lease could be.
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How much could you save?
Find out your estimated monthly savings with salary sacrifice. Just choose your salary bracket and an EV to compare with a similar petrol or diesel car.
Petrol prices are based on current market rates. EV prices update daily.
How are salary sacrifice savings calculated?
Why your tax band changes the salary sacrifice figure
Two drivers can sacrifice the exact same amount from their gross salary for the exact same car, but experience noticeably different deductions from their take-home pay. This gap stems from the tax and National Insurance they'd otherwise have paid on that portion of their salary.
Let's stick with the Cupra Born on a standard 48-month, 5,000-mile contract. The gross sacrifice is £523 a month regardless of who's driving it — but the actual hit to take-home pay depends on the tax band the sacrifice comes out of:
| Tax band | Gross sacrifice | Take-home reduction | Gap (saving) |
|---|---|---|---|
| 20% | £523/month | £397/month | £126 |
| 40% | £523/month | £345/month | £178 |
| 45% | £523/month | £321/month | £202 |
The higher your tax band, the more of that £523 would have gone to HMRC. A 45% taxpayer keeps £76 more of their take-home pay than a 20% taxpayer sacrificing the identical amount for the identical car. This is why two colleagues on the same car can come away with quite different “real” prices, and why the calculator asks for a tax band.
What actually leaves your pay packet
When taking out a lease via salary sacrifice, 3 things happen.
Gross sacrifice comes off first
Your gross salary sacrifice is deducted (i.e. before tax).
Tax is worked out on what's left
Income Tax and National Insurance are then calculated on what's left, not on your original salary.
Benefit-in-Kind is applied after tax
Benefit-in-Kind (BIK) is applied separately, after tax. Typically, this is included as part of the monthly payment so you don’t have to pay it separately.
Salary sacrifice: a surprise saving
What’s the Benefit in Kind tax and how do I pay it?
Get pricing for the car you want
Pricing depends on the exact model, trim, contract term and annual mileage you choose. Search the full range of cars available through loveelectric and get an up-to-date price for the model, term and mileage you actually want.
Pricing recap: how salary sacrifice is calculated
If you’d like even more for your money, a reloved® used EV through a salary sacrifice scheme can bring the monthly figure down even further.
Your tax band
This is the most impactful element on pricing. The same sacrifice reduces your take-home pay by less, the higher your tax band.
Contract term
A longer contract generally brings the monthly figure down, because the cost of the car is spread over more payments
Annual mileage
A lower mileage allowance lowers the monthly cost, but going over it will incur an excess-mileage charge at the end of the contract. Both are adjustable on the calculator above, so it’s worth trying a couple of combinations rather than taking the first figure as fixed.
The car itself
A higher list price means a higher P11D value, which feeds directly into your Benefit-in-Kind charge - even though the BIK rate itself (4% for 2026/27) is the same flat rate across all fully electric cars. Two cars at a similar monthly lease cost can still land on different BIK figures for this reason.
How to get started
Get a quote
Firstly, we suggest getting a quote to see if the pricing is right for you.
Get your company on board
If so, you’ll need your company on board. You can check their eligibility here.
Start saving
Once they've signed up, you'll be able to start saving on a brand new or used electric car.
Frequently asked questions
For most drivers, yes - because the deduction comes out of gross salary before tax and National Insurance, rather than from your net pay as a personal lease payment would. On top of that, servicing, maintenance, tyres and insurance are included in the monthly cost rather than billed separately, which a personal lease typically doesn’t cover.
It depends on the car, your tax band, contract term and annual mileage - there’s no single figure that applies to everyone, which is exactly why we suggest getting a feel for the figures by searching our catalogue of cars, for free.
Yes, but at a low rate (only 4% for 2026/27) compared with petrol or diesel cars. It’s already accounted for in any quotes displayed by loveelectric.
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