Tax saving is weird

Jenny

Hey -- I'm not sure I'm following this correctly - but when I put in my current salary (£43,000) and then my new salary (£44,000) the estimated net cost of the car goes down?

I'm looking at a Tesla 3, and at £43,000 it shows me net cost of £554, and at £44,000 it goes down to £549.

I thought that as my tax band didn't change the net cost would be the same?

Very confused.

issyrussell

Hi Jenny,

Apologies for the delay in response to your question.

Do you potentially have a Scottish postcode? If so, there has been a recent tax band change. Please see the article linked below for guidance on this.

I hope this guide will explain the tax bracket savings: https://www.loveelectric.cars/blog/electric-car-salary-sacrifice-a-guide-to-tax-bracket-savings

Kind regards,
Issy Russell
Operations Associate

Jenny

No I am in London and I think your calculation may be wrong

issyrussell

Hi Jenny,

Unfortunately, I have not been able to recreate your issue. The change in salary is remaining the same when I check.

If you would like to reach out to [support@loveelectric.cars] we can look into the details of this in more depth.

Kind regards,

Issy Russell