Renault 5 E-Tech Urban Range 120 Salary Sacrifice Cost UK — Net Monthly
The Renault 5 E-Tech Urban Range 120 costs from about £211 per month net on a UK electric car salary sacrifice scheme at a £55,000 gross salary, 36-month term and 2026/27 EV BiK rate (4% of P11D). Adjust the salary, term and lease quote in the calculator for your exact figure.
Key figures at a glance
| Assumed P11D value | £21,045 |
| Indicative gross monthly lease | £316 (1.5% of P11D — replace with a real quote) |
| Term | 36 months |
| Assumed gross salary | £55,000 |
| EV BiK rate (2026/27) | 4% of P11D = £842/yr |
| Monthly BiK tax | £28 |
| Income tax + NI saved | £133/mo |
| Indicative net monthly cost | £211 |
| Indicative total over 36 months | £7,608 |
How this is calculated
Net cost = gross monthly lease − (income tax + employee NI saved on the sacrificed amount) + BiK tax on the Renault 5's P11D value. The figure above uses 2026/27 UK tax bands (England, Wales & NI) and the 4% EV BiK rate. Open the salary sacrifice calculator to override the salary, term, lease quote and BiK year.
Why salary sacrifice works for EVs
EV BiK is 4% of P11D in 2026/27, rising to 5% (2027/28), 7% (2028/29) and 9% (2029/30) — still far below the 20-37% bands that apply to petrol and diesel. That gap is what makes the Renault 5 cheaper through salary sacrifice than financing it personally.
Frequently asked questions
How much does the Renault 5 E-Tech Urban Range 120 cost on salary sacrifice?
At a £55,000 gross salary with a typical lease estimate, the Renault 5 E-Tech Urban Range 120 costs about £211 per month net from your payslip on 2026/27 BiK rates. Real figures vary with your marginal tax rate and the gross monthly lease your provider quotes — overwrite the lease figure in the calculator with a real quote for a precise answer.
Is the Renault 5 E-Tech Urban Range 120 a good salary sacrifice car?
Any fully electric car is a strong salary-sacrifice candidate because EV BiK is just 4% of P11D in 2026/27 — a fraction of petrol or diesel rates. The Renault 5 E-Tech Urban Range 120's specific value depends on lease pricing and your salary, but the basic mechanics work in your favour.
What's the BiK rate for an EV in 2026?
4% of P11D for 2026/27, rising to 5% (2027/28), 7% (2028/29) and 9% (2029/30). You pay your marginal income-tax rate on that benefit each year.