Porsche Taycan Salary Sacrifice Examples

In this guide, you will find salary sacrifice scheme examples for three of Porsche’s most sought-after models; the Porsche Taycan, Porsche Taycan Cross Turismo, and Porsche Taycan Sport Turismo.

The figures used in these examples provide a guide to understanding of a Porsche salary sacrifice car scheme works. They are based on the models’ P11D list prices and their typical monthly lease costs. We’ve looked at three income tax bands – 20%, 40%, and 45% – to provide a broad overview that covers a range of salary bands. The example prices came from Octopus EV, we selected Octopus EV as they came out top in our review of the best electric car salary sacrifice providers 2023.

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How we calculated our Porsche Taycan salary sacrifice examples

Each example breaks down the potential savings and costs involved in a salary sacrifice scheme, which includes:

  • The amount of income tax saved
    This is calculated as a percentage of the monthly lease cost and depends on your income tax band.

  • National Insurance (NI) savings
    For these examples, an employee’s NI rate of 2% was applied to the monthly lease cost.

  • The Benefit In Kind (BIK) that would be paid
    BIK is a tax applied to employees who receive benefits or perks on top of their salary. The current rate of 2% of the P11D price (divided by 12 for a monthly figure) was used.

  • The employer’s NI contribution to the BIK value
    This is calculated at a rate of 13.8% on the BIK value.

  • The net cost
    This represents the overall monthly cost to the employee after all deductions and additions.

  • Monthly lease cost
    We took this figure from the current Octopus Electric Vehicles price.

These calculations provide a starting point for understanding how an electric car salary sacrifice scheme could impact your monthly outgoings if you were to lease or subscribe to a Porsche. They should be used as a guide rather than definitive advice, and it is always recommended to consult with an accountant for personalised advice.

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Porsche Taycan Salary Sacrifice example @ 20% tax rate

Porsche Taycan ModelP11D PriceMonthly Lease CostIncome Tax Saved (20% band)NI Saved (12%)BIK Paid @ 2%Employer's NI on BiK (13.8%)Net Cost (20% band)
Porsche Taycan£79,200£1255£251£25.10£132£18.22£1,110.90
Porsche Taycan Cross Turismo£88,200£1554£310.80£31.08£147£20.29£1,359.12
Porsche Taycan Sport Turismo£80,200£1554£310.80£31.08£133.67£18.45£1,345.79

Porsche Taycan Salary Sacrifice example @ 20% tax rate

  • P11D list price: £79,200
  • Monthly lease cost: £1255
  • Income tax rate: 20%
  • Income tax Saved: £1,255 x 20% = £251
  • National Insurance (NI) Saved: £1,255 x 2% = £25.10
  • Benefit In Kind (BIK) Paid @ 2%: (£79,200 x 2%) ÷ 12 = £132
  • Employer’s National Insurance (NI) on BiK: (£132 x 13.8%) = £18.22

    Net monthly cost: £1,255 – £251 – £25.10 + £132 = £1,110.90

Porsche Taycan Cross Turismo Salary Sacrifice example @ 20% tax rate

  • P11D list price: £88,200
  • Monthly lease cost: £1554
  • Income tax rate: 20%
  • Income Tax Saved: £1,554 x 20% = £310.80
  • National Insurance (NI) Saved: £1,554 x 2% = £31.08 
  • Benefit In Kind (BIK) Paid @ 2%: (£88,200 x 2%) ÷ 12 = £147
  • Employer’s National Insurance (NI) on BiK: (£147 x 13.8%) = £20.29

    Net monthly cost: £1,554 – £310.80 – £31.08 + £147 = £1,359.12

Porsche Taycan Sport Turismo Salary Sacrifice example @ 20% tax rate

  • P11D list price: £80,200
  • Monthly lease cost: £1554
  • Income tax rate: 20%
  • Income Tax Saved: £1,554 x 20% = £310.80
  • National Insurance (NI) Saved: £1,554 x 2% = £31.08
  • Benefit In Kind (BIK) Paid @ 2%: (£80,200 x 2%) ÷ 12 = £133.67
  • Employer’s National Insurance (NI) on BiK: (£133.67 x 13.8%) = £18.45

    Net monthly cost: £1,554 – £310.80 – £31.08 + £133.67 = £1,345.79

Porsche Taycan Salary Sacrifice Examples at a 40% tax rate

Porsche Taycan ModelP11D PriceMonthly Lease CostIncome Tax Saved (40% band)NI Saved (12%)BIK Paid @ 2%Employer's NI on BiK (13.8%)Net Cost (40% band)
Porsche Taycan£79,200£1255£502£25.10£132£18.22£859.90
Porsche Taycan Cross Turismo£88,200£1554£621.60£31.08£147£20.29£1,048.32
Porsche Taycan Sport Turismo£80,200£1554£621.60£31.08£133.67£18.45£1,034.99

Porsche Taycan Salary Sacrifice example @ 40% tax rate

  • P11D list price: £79,200
  • Monthly lease cost: £1255
  • Income tax rate: 40%
  • Income Tax Saved: £1,255 x 40% = £502
  • National Insurance (NI) Saved: £1,255 x 2% = £25.10
  • Benefit In Kind (BIK) Paid @ 2%: (£79,200 x 2%) ÷ 12 = £132
  • Employer’s National Insurance (NI) on BiK: (£132 x 13.8%) = £18.22

    Net monthly cost: £1,255 – £502 – £25.10 + £132 = £859.90

Porsche Taycan Cross Turismo Salary Sacrifice example @ 40% tax rate

  • P11D list price: £88,200
  • Monthly lease cost: £1554
  • Income tax rate: 40%
  • Income Tax Saved: £1,554 x 40% = £621.60
  • National Insurance (NI) Saved: £1,554 x 2% = £31.08
  • Benefit In Kind (BIK) Paid @ 2%: (£88,200 x 2%) ÷ 12 = £147
  • Employer’s National Insurance (NI) on BiK: (£147 x 13.8%) = £20.29

    Net monthly cost: £1,554 – £621.60 – £31.08 + £147 = £1,048.32

Porsche Taycan Sport Turismo Salary Sacrifice example @ 40% tax rate

  • P11D list price: £80,200
  • Monthly lease cost: £1554
  • Income tax rate: 40%
  • Income Tax Saved:£1,554 x 40% = £621.60
  • National Insurance (NI) Saved: £1,554 x 2% = £31.08
  • Benefit In Kind (BIK) Paid @ 2%: (£80,200 x 2%) ÷ 12 = £133.67
  • Employer’s National Insurance (NI) on BiK: (£133.67 x 13.8%) = £18.45

    Net monthly cost: £1,554 – £621.60 – £31.08 + £133.67 = £1,034.99

Porsche Taycan Salary Sacrifice Examples at a 45% tax rate

Porsche Taycan ModelP11D PriceMonthly Lease CostIncome Tax Saved (45% band)NI Saved (12%)BIK Paid @ 2%Employer's NI on BiK (13.8%)Net Cost (45% band)
Porsche Taycan£79,200£1255£564.75£25.10£132£18.22£797.15
Porsche Taycan Cross Turismo£88,200£1554£699.30£31.08£147£20.29£970.62
Porsche Taycan Sport Turismo£80,200£1554£699.30£31.08£133.67£18.45£957.29

Porsche Taycan Salary Sacrifice example @ 45% tax rate

  • P11D list price: £79,200
  • Monthly lease cost: £1255
  • Income tax rate: 45%
  • Income Tax Saved: £1,255 x 45% = £564.75
  • National Insurance (NI) Saved: £1,255 x 2% = £25.10
  • Benefit In Kind (BIK) Paid @ 2%: (£79,200 x 2%) ÷ 12 = £132
  • Employer’s National Insurance (NI) on BiK: (£132 x 13.8%) = £18.22

    Net monthly cost: £1,255 – £564.75 – £25.10 + £132 = £797.15

Porsche Taycan Cross Turismo Salary Sacrifice example @ 45% tax rate

  • P11D list price: £88,200
  • Monthly lease cost: £1554
  • Income tax rate: 45%
  • Income Tax Saved: £1,554 x 45% = £699.30
  • National Insurance (NI) Saved: £1,554 x 2% = £31.08
  • Benefit In Kind (BIK) Paid @ 2%: (£88,200 x 2%) ÷ 12 = £147
  • Employer’s National Insurance (NI) on BiK: (£147 x 13.8%) = £20.29

    Net monthly cost: £1,554 – £699.30 – £31.08 + £147 = £970.62

Porsche Taycan Sport Turismo Salary Sacrifice example @ 45% tax rate

  • P11D list price: £80,200
  • Monthly lease cost: £1554
  • Income tax rate: 45%
  • Income Tax Saved: £1,554 x 45% = £699.30
  • National Insurance (NI) Saved: £1,554 x 2% = £31.08
  • Benefit In Kind (BIK) Paid @ 2%: (£80,200 x 2%) ÷ 12 = £133.67
  • Employer’s National Insurance (NI) on BiK: (£133.67 x 13.8%) = £18.45

    Net monthly cost: £1,554 – £699.30 – £31.08 + £133.67 = £957.29

The final word on Porsche Taycan salary sacrifice examples

When you look at the Porsche Taycan salary sacrifice scheme savings across the Taycan, Taycan Cross Turismo, and Taycan Sport Turismo models, it’s clear that significant savings can be made for businesses that operate a salary sacrifice car scheme. These examples show that a luxury electric vehicle, like a Porsche, can become more affordable through well-structured salary sacrifice schemes.

It’s important to note that while the figures provided offer a snapshot of you’re potential savings, they serve as a general estimate. Personal circumstances, additional benefits, employer contributions, and other factors can influence the final figures.

Best Rated EV Salary Sacrifice Scheme
The Electric Car Scheme Salary Sacrifice
  • Competitive Prices
    Any brand, every model

  • Early Termination Protection
    From day 1 (excludes resignations)

  • All-Inclusive Package
    EV, Breakdown Cover, Insurance & Home Charger

  • B Corp Certified Business
    Highlights a dedication to sustainable and ethical business practices

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