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.
Editors Pick: Porsche Taycan Salary Sacrifice Provider
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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.
Porsche Taycan Salary Sacrifice example @ 20% tax rate
| Porsche Taycan Model | P11D Price | Monthly Lease Cost | Income 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 Model | P11D Price | Monthly Lease Cost | Income 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 Model | P11D Price | Monthly Lease Cost | Income 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.
- Free Ohme home charger
- 4,000 free miles of charging
- Intelligent Octopus EV tariff
- Public charging via Octopus Electroverse
- All EV's on the market
- Built-in early termination protection
John is the Editor and Spokesperson for Electric Car Guide.
With over 20 years of writing experience, he has written for titles such as City AM, FE News and NerdWallet.com, covering various automotive and personal finance topics.
John’s market commentary has been covered by the likes of The Express, The Independent, Yahoo Finance and The Evening Standard.
