Do I pay tax on private medical insurance from my employer?

Usually yes. The taxable value is generally the cost of the insurance paid by the employer, subject to exemptions.

What is the company car BIK rate for an electric car in 2026/27?

For a zero-emission company car the appropriate percentage is 4% for the 2026/27 tax year.

Are small employer loans taxable benefits?

Generally no tax charge arises under the small-loan exemption if the total balance on all qualifying beneficial loans does not exceed £10,000 throughout the tax year.

Benefits in kind calculator · 2026/27

What does your company benefit actually cost you in tax?

Add taxable employee benefits or a company car and NetSlip estimates the extra Income Tax — annually and monthly — using the 2026/27 UK rules.

Your pay & benefits

Annual salary

Income Tax region

Private medical insurance / other taxable benefits

Enter the annual taxable/cash-equivalent value shown by your employer. Medical insurance is usually taxable at the employer's cost, subject to exemptions.

Other taxable benefit value

Add a company car

Car list/P11D price

Fuel / emissions type

CO₂ emissions (g/km)

Electric range (miles)

Used for cars emitting 1–50g/km.

NetSlip applies HMRC's 2026/27 appropriate-percentage table. Non-RDE2 diesel gets a 4 percentage-point supplement, capped at 37%.

Add a low-interest employer loan

Average loan balance

Interest you pay (%)

2026/27 HMRC official rate: 3.75%. Small-loan exemption normally applies if qualifying balances stay at £10,000 or below.

Your benefit tax impact

Estimated extra Income Tax£0

£0 per month

Total taxable benefit£0

Company car BIK£0

No car added

Employer loan benefit£0

Effective tax rate on benefits0%

Add your benefits to see the estimated Income Tax cost.

How benefits in kind affect take-home pay

Most non-cash taxable benefits do not increase the cash salary paid into your bank account, but their taxable value is added for Income Tax purposes. That can push part of your income into a higher tax band or reduce your Personal Allowance at higher incomes.

Private medical insurance

You normally pay tax on the premium cost paid by your employer, although some health benefits are exempt.

Company cars

The taxable car benefit is based on the car's list/P11D price multiplied by the appropriate percentage for its emissions and fuel type.

Employer loans

Low-interest or interest-free loans can create a taxable benefit where qualifying balances exceed £10,000. The official rate from 6 April 2026 is 3.75%.

Planning estimate

Your real PAYE position can depend on tax code, payroll timing, optional-remuneration rules and how your employer reports the benefit.