Southerner_
Member
Sounds like twaddle.
haha I have told them that their figures must be wrong but they tell me:
It is a salary sacrifice quotation that is fixed for the duration of the contract based on the variables at that moment in time.
So obviously the variable now added into the equation is NICs, which they are liable to pay on behalf of the employer, and they have calculated this to be at the current rate for the duration of the lease.
Problem being that BIK will drop to 0% and they will continue to charge 16% in relation to the NICs, which is my opinion is unlawful.
They are in effect claiming £100 a month to cover something which is payable now, but not payable from the next month (and pocketing the money from next month).