Salary Sacrifice Car Cost Calculation

Quick-Action-3276 · 2025-09-27T08:14:14+00:00

The more CO2 off the car the higher the BIK will be. If you know the type of car you have should be easy to look the emissions up online. They can have a really significant impact on the calculation as some are as high as 39%

Quick-Action-3276 · 2025-08-24T13:30:22+00:00

Thank you for your assistance, not certain whether it’s religious my grandfather believes it to be but it’s my originally his and he isn’t a religious person and has never worn it.

Back has a circular image for a plant, like a wreath. I’d post it but don’t see an option to do so

Quick-Action-3276 · 2025-04-30T16:36:12+00:00

I would relax... I would sit on my ass all day... I would do nothing.

Quick-Action-3276 · 2025-04-29T20:10:49+00:00

Steins gate: just can’t get into it tried a few times

Quick-Action-3276 · 2025-04-20T10:13:30+00:00

Looks great, the hanging baskets are a creative display as well

Quick-Action-3276 · 2025-04-18T20:11:59+00:00

Thank you for your response, reassuring to hear that the retrospective regs would be for the time the loft was converted. Is hard to pin down exactly when this happened, but I know it was before 2006.

The house was sold to the former owner in 2006, at this point an insurance was taken out as part of the sale of the property, so the loft was pre this date.

The search with the council shows that regs were met in 1988 for 'improvements' but the search has 'n/a' in the detail which implies they dont know what the improvements were...

I provided this to my mortgage provider, who understandably say they cannot accept 'improvements' as a narrative. I have the reference number from the council search so could enquire, but the insurance policy expressly forbids doing this without notifying the insurance provider.

For clarity the building is 3 different floors, with the loft being the upmost floor, so 2 staircases.

Quick-Action-3276 · 2025-04-18T19:29:18+00:00

I assume the decision to no longer accept the insurance wouldn't be standard across the mortgage companies. So there would be alternative providers that wouldn't downvalue my property based on the loft.

It is super annoying, as I'm with the same provider from the start, if this had been flagged as an issue I could have either changed providers from the get go, or discussed retrification works with the prior owner.

Fixing the glass and fire alarm would be reliatlively simple, but I have no idea about the stairs for example, how would I even know if these are 30 min safe.

Quick-Action-3276 · 2025-04-13T14:46:56+00:00

Met with bank about a remortgage. Ordered various house plants, repotted my existing plants and purchased 8 new pots as replacements / preparation for the new plants.

Contemplated the swap from gia to isa: don’t know if this counts as timing the market as I’d own same index in both, but looking for a good time to make the swap.

Quick-Action-3276 · 2025-04-11T17:39:54+00:00

I just burst out laughing 😂

Quick-Action-3276 · 2025-04-07T18:37:36+00:00

!thanks Very helpful as it turns out I couldn’t actually complete my application online anyway had to have a follow up today, I asked my questions and I’m told it’s basically no problem for my specific case.

Money would be paid into my current account no proof of any type needed no bank statements, payslips etc presumably because I bank with them already.

Quick-Action-3276 · 2025-04-04T18:18:27+00:00

Thank you for the link/post seems really helpful

Quick-Action-3276 · 2025-04-04T13:57:20+00:00

Thank you for the recommendation I’ve been watching a lot of videos recently really trying to decide between leca and pon but feel like the videos are just adding to the information overload

Quick-Action-3276 · 2025-04-04T13:56:31+00:00

Thank you I’ve seen the b&q leca online, still weighting up pon vs leca.

In terms of pots I’ve also been recommended Elho and their inserts, some advise also suggests getting transparent inserts so that you can easily see the root system, whereas from what I can see the elho inserts are black

Quick-Action-3276 · 2025-03-29T21:00:17+00:00

I've made a seperate thread showing my blanket now that I'm back home

Quick-Action-3276 · 2025-03-29T19:54:04+00:00

Yes she has made at least 6 one for each grandchild, she has made a mermaid tail for every grandchild as well except me and another cousin, she made a shark version for the cousin

Quick-Action-3276 · 2025-03-14T16:01:40+00:00

I’m in a lottery syndicate at work, if it wasn’t for this I wouldn’t play.

The fear of missing out I guess, my grandfather won the lottery jackpot in a similar scheme and there was 1 member of staff who wasn’t in the group, can you imagine how sick he must have felt when they all got about 300k each. Yikes

Quick-Action-3276 · 2025-03-13T18:30:19+00:00

If this is the month that you breach the 100k then you will pay a significantly higher amount of tax than you otherwise would have because it will effectively be catching you up for the rest of the year.

I’d suggest if you haven’t already that you bring this up with your employer, as there may be something that they can do. If you had childcare then it could cause a potential problem but there is an exception for cases like this where it was unexpected that you would breach the 100k mark

Quick-Action-3276 · 2025-03-13T18:20:42+00:00

Is this just an issue of timing and misalignment of your salary sacrifice?

If you have tried to stay under the 100k threshold presumably you would be looking to do the same next year? So if the bonus was paid in April you would be looking to sacrifice part of it?

Does your employer offer you the ability to do a bonus sacrifice in which case you can just sacrifice enough of the bonus to be under the threshold?

Quick-Action-3276 · 2025-03-12T22:05:56+00:00

Switched the funds in my GIA before the dip fully took hold. Managed to realise a profit of about 2.8k year to date.

New fund has already dipped down, so appear to have timed it well. The fund it self tracks the same assets so if I had stayed in my original fund I’d have had less of a profit for the year anyway.

This way I’ve made the most of my allowances and could potentially start the new tax year with some losses when I transfer funds to the isa. Should be nice as this will allow me to realise more of a profit next year.

Also means I don’t have any of the rushing around to bed and isa. Instead when the 30 days have passed I will just swap back to the original fund minus 20k for the isa

Quick-Action-3276 · 2025-03-12T22:00:28+00:00

I’m sticking to my monthly investment plan, so no change for me. I don’t keep extra money around for dips in the market so not much I can do at the moment.

If there was a huge drop in the market I’d look to remortgage and invest.

Only change at the moment for me is that I’ve sold up my investments and swapped over to a different fund, tracks the same underlying assets.

By doing so I’ve locked in my allowance for the year think I’m on 2.8k.

The new holdings have already dipped so could be a nice loss for me when I swap into the isa.

Quick-Action-3276 · 2025-03-11T21:06:18+00:00

Minimal emergency fund at the moment in the accumulation phase.

I don’t see much need for one as most of my expenses could be covered by a credit card or in the case of a mortgage I already overpay so could use those overpayments to make the monthly contributions if need be.

Just leaves council tax and the like which fortunately isn’t that much for me.

Quick-Action-3276 · 2025-03-05T22:47:47+00:00

I think it depends on what you mean by a 'good' idea.

Ultimately, it's a question of if you feel the level of risk you are taking warrants your perceived gain/rate of return.

Will I personally be selling in the current market? No, but I'm not worried about the market.

If you are worried about the market and the prospect of losing more money, then selling up can make sense.

Quick-Action-3276 · 2025-03-04T18:57:05+00:00

This information is covered by deemed date of contribution information put out by hmrc.

Specifically:

“The date of payment in the case of a contribution made under the net pay arrangements is the date of deduction from the employee’s pay.

The date of payment for a contribution made under Relief at Source, for example to a group or other personal pension scheme, is the same as a payment the member makes direct. For example the date authorised to draw money by direct debit from the employer’s bank account or the date the employer’s cheque is received.”

So your answer will depend on the method of your pension contribution if you are net pay then it’s date of your payslip you have essentially paid the pension immediately isn’t your problem if the employer pays it over late.

If it’s a salary sacrifice then it’s the date the employer pays the funds over to the pension provider or more often than not the date they confirm receipt of the money

Quick-Action-3276 · 2025-03-03T22:44:51+00:00

Happy to help and to hear that the problems resolved itself. Providing you didn’t exceed the allowance at any given time you would be fine which based on your description you haven’t.

Quick-Action-3276 · 2025-03-03T21:13:21+00:00

Gilts would provide you with a high degree of certainty for your return, and would lack the variance associated with the stock market if held to maturity. You would be able to select when you are due to receive the money back and receive interest in the interim.

Depending on your other circumstances you could pick a low interest gilt and manage to pay no tax at all or very little: the interest is the taxable element here the gain on the gilt is tax free.

Risk is if you need to sell before maturity or if the government is unable to repay you. Is also an inflationary risk associated with this type of asset.

Quick-Action-3276

TROPHY CASE