There was a scheme offered by my employer (big multinational), but the company they chose was a complete rip-off. Even after taking account the tax savings, it cost more per month than leasing the same car with take home pay. Someone, somewhere must have been making a lot of money out of it.

It was launched amid much fanfare in the company, but I don't know a single person working there who has used it.

The other thing to watch out for with salary sacrifice is if you have a defined benefit pension scheme. A final salary scheme would be OK provided you don't do the salary salary sacrifice in the year before retirement, though are a rarity outside these days. Quite a few places still have some sort of "average salary" pension scheme though, and with those you could lose thousands off your retirement income just to save a few hundred on a car.

No deposit is needed.

The deal includes car insurance, servicing, tyre repairs and maintenance.

Yes do the maths because the money comes of your gross monthly before you pay the tax and NI so the saving is here before you work out the deals. Something else subsidised by the average tax payer like me but good luck to you.

Be sure that you are going to stay with that business until the lease is over. If you leave or get made redundant you may have to pay out the entire contract right away.

People on the Salary Sacrifice scheme for pedal bikes, Cycle to Work, get caught that way. The bike still belongs to the employer. One or two of my contemporaries in the MoJ faced that choice because redundancy beckoned. Even after you've finished paying for it the bike still belongs to the employer and to take ownership you have to pay for it.

When the scheme started the purchase price was a 13th installment but later on HMRC decided the value was a lot more. They now have a table with value declining in increments to nil at around 4 years.

It worked OK for me as I got a Brompton which was £850 for a net outlay considerably less. Technically it probably still belongs to the MoJ but it wasn't raised at my exit interview and given I'm now 10 years gone I don't think anybody's going to come knocking.

In any event it's official value after five years is nil/nugatory.

""""Yes do the maths because the money comes of your gross monthly before you pay the tax and NI so the saving is here before you work out the deals. Something else subsidised by the average tax payer like me but good luck to you.

Thought you were retired? Don't think you are classed as an average tax payer any more.

????? How can you possible know how much my income retired or not is and how much income tax if any I pay What does an average tax payer Pay?

I don't know how much tax you pay - but if you are retired and not working the ammount of tax you pay won't be what the 'average' person pays with the tax they pay on wages. I think the average tax is around £6/7k per year.

???? you still don't get it!

What don't I get?

Well for a start all the personal assumptions about me.

Now have a look at the statement I don't know how much take you pay and the absurd statement of how much tax a retired person would pay! Many people retired have an income often exceeding their working pay due to savings, multiple pensions including the state one, investments, buy to let you name it. To assume retirement is a low income tax bracket for people is just wrong and in many cases the wealth of the country is tied up in old folks

Just lay off the personal stuff and stick to the subject of the post, whether any of the above applies to me is none of your business.