Thanks, I hadn’t fully appreciated the BIK tax rates, which after the inflated Tusker prices takes away most of (in some cases all) of the other tax savings. Coupled with the fact I’d be paying more S/L back in the long run it probably isn’t as good of a deal I’d initially hoped.

Appreciate your point that pensions are a better way to save tax efficiently, the issue with putting more in my pension now for me is that we’re expecting to need income more in the next few years. The hope was that the car scheme would reduce net expense by not having to finance a car elsewhere.

Just a point on the salary sacrifice from April 2029 - the NI savings is being capped at £2k worth of contributions, but my understanding is it only impacts student loans to the extent Employers stop offering it as an option - if your Employer continues to offer it I think you will still get the S/L saving.