diff --git a/bev-loan-repayment-calculator/index.html b/bev-loan-repayment-calculator/index.html new file mode 100644 index 0000000..9865ce4 --- /dev/null +++ b/bev-loan-repayment-calculator/index.html @@ -0,0 +1,1111 @@ + + + + + + + UK BEV Loan Car Repayment Calculator + + + + +
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BEV loan car repayment calculator.

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Work out the six equal monthly payments the person using the car should make, covering your real salary-sacrifice cost and company-car tax — no more, no less.

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Why not repay the gross loan rate?Salary sacrifice reduces your Income Tax and employee National Insurance. This calculator starts with the take-home-pay cost, then adds the BIK tax you remain liable for.

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Your loan details

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Tell us about the car

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Results update as you type. The loan duration is fixed at six months.

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+ The vehicle’s P11D value used for company-car tax. +
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+ + + Available EV BIK rates cover 6 April 2025 to 5 April 2030. +
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+ Loan duration + 6 months · 6 payments +
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Amount the car user should repay you
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£0.00 / month
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This estimated amount leaves you financially neutral.

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+ Number of payments + 6 equal payments +
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+ Total to be repaid + £0.00 +
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Average monthly breakdown

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+ Estimate for + Your electric car +
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Gross loan rate
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£0.00
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Income Tax saved
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−£0.00
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National Insurance saved
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−£0.00
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Actual take-home-pay cost
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£0.00
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BIK tax included (monthly average)
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+£0.00
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Effective employee cost
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£0.00
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Required repayment from the car user
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£0.00
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+ See the month-by-month calculation +
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PaymentLoan periodBIK rate appliedUnderlying BIK taxEqual repayment
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How reimbursements and BIK interact

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The car user’s payment to you is a personal reimbursement. It is not subtracted from any tax calculation and does not reduce the vehicle’s P11D value, taxable BIK value or your BIK tax. BIK is subject to Income Tax, but not employee National Insurance. Even if payroll collects the BIK tax later through your tax code, it is included in this repayment from the beginning.

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Not included

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  • Charging
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  • Insurance
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  • Servicing
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  • Tyres
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  • Delivery
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  • Changeover fees
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  • Damage
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  • Excess mileage
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  • Pension effects
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  • Student loans
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  • Allowance taper
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  • Child Benefit
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  • Employer NI
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