View Single Post
  #8  
Old 30-03-2013
Mike Haswell Mike Haswell is offline
Member
 
Join Date: Jan 2008
Posts: 124
Default

For every £100 gross (over the limits) you will get £68 in your hand (20% tax + 12% ni) - less if you are on higher rate tax.
It is a case of looking at the figures and see if they stack up for you. That gets a bit lengthy factoring everything in.
If you bought a £20,000 car and after three years it is worth 50% = £10,000 then it will of cost you £10,000.
Reply With Quote