2024/25 Tax Year

EV Salary Sacrifice Calculator

Work out the true cost of leasing an EV through salary sacrifice — and compare it to private PCH and PCP deals.

Your Income

Gross annual salary

£

Pension sacrifice

%

Employee contribution via salary sacrifice

Other salary sacrifice (annual)

£

Cycle to Work, tech schemes, etc.

Student loan plan

EV Option 1

Vehicle name

Monthly lease (gross sacrifice)

£

P11D list price

£

BiK rate

%

2% for pure EVs 2024/25

EV Option 2

Compare a second vehicle

Vehicle name

Monthly lease (gross sacrifice)

£

P11D list price

£

BiK rate

%

Private Deal Comparison

Compare salary sacrifice to a private PCH or PCP deal

Contract term

Lease / finance term

months

PCH Personal Contract Hire

Initial rental / upfront payment

£

Often 3, 6, or 9 months' worth

Monthly rental

£

PCP Personal Contract Purchase

Deposit

£

Monthly payment

£

Balloon / final payment (optional)

£

To keep the car at end of contract

Estimates based on 2024/25 UK tax rates & thresholds. For guidance only — not financial advice.