Car Salary Sacrifice
Looking to save money on a brand-new electric car? Are your business goals to boost green credentials, employee engagement, and enjoy tax savings? We've got you covered with our bespoke salary sacrifice car scheme.
What is Car Salary Sacrifice?
We know, the words ‘salary’ and ‘sacrifice’ together sound like something employees would run from – but in this case, it’s quite the opposite.
The car salary sacrifice scheme is a win-win for both businesses and employees. It’s essentially a benefits package offering huge financial advantages and perks.
Some view it as a cost. We think of it as a smart investment in your team and your company’s future.
Why Choose Car Salary Sacrifice?
Did you know that 43% of employees feel demotivated because they feel invisible or undervalued?
Sure, a pat on the back is nice, but let’s face it - actions always speak louder.
Offering a brand-new electric car or PHEV (plug-in hybrid) that perhaps employees couldn’t afford otherwise, as well as a bundle of financial benefits is a great way to ensure employees feel taken care of.
Explore Salary Sacrifice Deals
Use our demo portal to find your next car and work out how much it might cost you before commiting.
How does it work?
It’s simple, really. The scheme allows employees to exchange a portion of their salary in return for something significant – like a shiny new electric car.
When leasing a car through salary sacrifice – the employee is getting a car for less than outside of the scheme.
- Choose the car – Select from a range of models available, opt for add-ons such as a home charger and installation.
- Salary adjustment – Preview the salary adjustments, both the employer and employee enjoy reduced income tax and National Insurance contributions.
- Reap the benefits – Staff enjoy a brand-new electric car with maintenance, servicing, and road tax included, whilst supporting the company’s green credentials.
“One more time please?”
We get it. Salary sacrifice sounds like one of those head-scratching concepts at first. Don't worry, we've broken it down with numbers to show exactly how it works…
