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Posted Thu, 27 Jul 2023 18:22:25 GMT by
Hi I have a company car through a salary sacrifice scheme. In forecasting my income for the year should this be excluded? And does whether you earn more than £100k influence this? I ask as in my updated tax code it looks like HMRC have added the salary sacrifice BIK adjustment amount to my forecast income (reducing my pre adjustment personal allowance) as well as showing as an adjustment to allowance. I’m assuming that any salary sacrifice should always be excluded from income forecast?
Posted Thu, 03 Aug 2023 15:22:57 GMT by HMRC Admin 20 Response
Hi Graeme Spinks,

If you are sacrificing part of your Salary we wouldn't usually expect this to be used in the forecast, only the BIK for the company car would be expected to be shown.

Thank you.

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