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Frozen income tax thresholds and a rise in national insurance rates have boosted the appeal of salary sacrifice schemes for both workers and employers looking to lower their tax burden.
Schemes that fund the purchase of an electric vehicle have become especially popular, as the government seeks to facilitate the green transition and employees make use of the lower benefit-in-kind rates on EVs.
Have you bought an EV using a salary sacrifice scheme? We’re looking to talk to readers about their experience. Did you take advantage of a scheme to lower your tax liability or to make the cost of buying an electric vehicle more affordable?
Has the scheme worked for you, or do you regret signing up? The government is raising tax rates for EVs that are purchased as company cars over the coming years; will you continue to make use of the scheme? Email us at money@ft.com.
