National Living Wage
We're Tusker, the UK's leading car benefit provider. We help thousands of organisations offer this sought-after benefit to their employees.
Salary sacrifice car schemes remain one of the most cost-effective benefits, providing considerable Tax and NI savings for drivers. As our cars are being supplied as an employee benefit, company car tax, or Benefit in Kind (BiK) tax will be payable. But, for pure electric cars, drivers pay considerably less Benefit in Kind rates in comparison to petrol and diesel cars meaning you can make considerable tax savings when choosing an electric vehicle.
To take a car on the scheme, you'll need to earn more than the National Living Wage once all salary deductions have been made. To check if you or one of your employees' annual salary falls above or below the National Living Wage, use our calculator below.
Calculation
National Living wage is calculated as follows; NLW x Weekly Hrs x 52 / 12. NLW reference https://www.gov.uk/national-minimum-wage-rates
Age of driver | National Living Wage |
---|---|
Per hour for workers aged 21 years or older | £12.21 |
Per hour for workers aged 18-20 inclusive | £10.00 |
Per hour for workers aged 16 and 17 | £7.55 |
Call us: 0333 400 2020
If you would like help placing an order or you are an existing driver.