Why Choose Car Salary Sacrifice?
Did you know that 43% of employees feel demotivated because they feel invisible or undervalued?
While appreciation at work is important, sometimes actions speak louder than words.
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.
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.
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.
Benefits for Staff
- Enjoy a brand-new electric car for less
- Pay less tax and National Insurance (NI)
- With an electric car, an optional home charger can be included with your lease
- Fully expensed vehicle - The agreement includes Insurance, servicing, maintenance and road tax
- Easy fixed monthly payments with no credit check
Benefits for Businesses
- Vehicle fleet discounts available at the corporate rate
- Boost staff engagement and retention
- Attract the best talent
- No admin burden – Rivervale covers all payroll admin
- Reduction in employer NI and tax contributions
- Fuels the company’s green credentials (if fleet cars are electric)
- Worried about staff dropping out of the scheme? Take advantage of our Early Termination Protection
Fill out the form below to submit an enquiry
A member of our fleet team will get back to your shortly. Alternatively, give us a call on 01273 433 480