dmk236 kirk
Joined: 4/10/2024
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RE: Benefit In Kind Effect on Tax Code
Can anyone explain how much this would affect my tax each month, it is on a salary sacrifice scheme and my current tax code is K319 this is the quote for a new electric car Monthly gross reduction:£784 Income Tax saving:-£147 National Insurance saving:-£63 Pension contribution saving:-£51 Benefit in Kind:+£16 Effect on take home pay:£539