Zenith car leasing

bogues2009 · Post by **bogues2009** » 27 Sep 2016, 15:27

I have couple of questions for those especially who already are using Zenith car leasing through salary sacrifice:
1. When you start this car salary sacrifice, do you call HMRC to update your lower income to be topped up by increased tax credits?
2. Are those tax/NI savings not overestimated by Zenith when they quote (I think they overestimate by 11-12% but might be wrong)?
3. Are you responsible for repairs between service(diesel fuel filter, brake pads etc)?
4. Are there any special conditions attached not mentioned (insurance excess, losing NCD, midcontract price increase etc)?

yellowbelly · Post by **yellowbelly** » 27 Sep 2016, 15:51

bogues2009 wrote:I have couple of questions for those especially who already are using Zenith car leasing through salary sacrifice:
1. When you start this car salary sacrifice, do you call HMRC to update your lower income to be topped up by increased tax credits?

I know HMRC can be a bit stupid sometimes but I don't think they'll fall for that one...........you're choosing to lower your
income by purchasing through a salary sacrifice scheme, RM haven't cut your pay......

bogues2009 · Post by **bogues2009** » 27 Sep 2016, 16:36

yellowbelly wrote:
bogues2009 wrote:I have couple of questions for those especially who already are using Zenith car leasing through salary sacrifice:
1. When you start this car salary sacrifice, do you call HMRC to update your lower income to be topped up by increased tax credits?
I know HMRC can be a bit stupid sometimes but I don't think they'll fall for that one...........you're choosing to lower your
income by purchasing through a salary sacrifice scheme, RM haven't cut your pay......

Thats what I thought as well but as far as I know your income is lower therefore you qualify for higher tax credits 40p in £1 spend but would like final clarification from spmeone who went through that process already.