AJ_Bellamy

Hello, I would like to understand how to assess my taxable income and the impact a company car has on the tax bracket. Here is an example: Salary £60,000 Pension Salary sacrifice 20%: -12,000 Total Taxable Income £60,000 - 12,000 = £48,000 Company Car p11d worth £40,000 1) Petrol Car with a tax rate of 25% = £10,000. So would my total taxable income be £58,000 (40% tax bracket)? 2) If I were to say get an electric car paying a 2% rate of £40,000 = £800. So would my total taxable income be £48,800 (20% tax bracket?) Please can you confirm if this is correct. In addition to this. If I have the option to take a car allowance of say £500pm (£6,000pa) instead of a company car. Would I still get taxed on the car as above question1 and 2, or still on the company allowance option value of £500pm (£6,000pa)?