Peteski
Active Member
Ah now I get it, thanks. I should not have drawn a like-for-like comparison between Maintenance Cost and BIK.
For me to pay that, personally, I have to first pay Tax and NI etc., so the company's £1 spent on a recoverable expense is worth somewhat more than my own £1, but to know exactly how much needs some more careful maths
I think what blew it for us was the increasing BIK over the next few years. I think it goes up from 9% to 16% over the next 3 years. Might have been different if it had stayed low.