Related Posts
More Posts
Heads or Tails?

Need a morning workout buddy
Need some advice here. I am a fullstack developer with 5 yoe in Angular and Python. My aim is to crack FAANG companies.Now I got an offer from HSBC in a credit risk model monitoring role using Python.It is close to a data engineer role.
My question is that will it be a good idea to shift from development role to a model monitoring role if I want to move to FAANG in the future?Or does FAANG not prefer people who are not in core development roles?Amazon Microsoft Google Adobe PwC EY Citi Barclays JPMorgan Chase
Go Cubs Go!!!
‘Tis but a scratch!!

FDD during an economic downturn?
Additional Posts in Accenture UKI
What are the pay grades for C's and M's in S&C?
New to Fishbowl?
unlock all discussions on Fishbowl.




Pro
You need to do the maths yourself but it can work well especially if you are paid more than £100k as it reduces your taxeable salary. £900 a month lease on salary sacrifice is will cost you like £400 a month as the money is otherwise taxed so heavily. And if it take you below £100k then you re-qualify for the childcare allowances.
Car allowance is irrelevant. It is just extra money and is unrelated to the car-scheme IIRC.
Avral is definitely overpriced (their RRP is incorrect as often dealers offer hefty discounts on EVs, especially now since no one is buying them). And last two years they've hiked their prices by around 10% for same models. Nevertheless they're still decent if you want an EV and reduce your 60% tax trap bill.
A2, they started hiking it way before it was announced. They told me it's because of residual values of EVs falling, i.e. the pass on the depreciation to us
Rising Star
Car allowance is irrelevant to this. Just see it as additional salary that is not pensionable (i.e. Accenture nor you pay pension on this; so the net cash is higher than if it was salary - but the net benefit is lower from a total comp PoV).
Only you can decide if you want an EV and whether you can afford it. Don't let the car allowance element of your pay equal affordability - as it is cash to you regardless of if you own an EV or not.
As SM1 stated, the biggest driver (pun intended) is avoiding the 66% Tax trap for those earning over £100k; or the 600% tax trap for those earning over £100k with childcare entitlement.
It is a useful tool if you have lots of drivers, or are a new driver, as the total price includes insurance. This made it a no brainer for me.