Car Salary Sacrifice Scheme
Making brand new cars more affordable for your employees via green electric cars
What is the Car Salary Sacrifice Scheme?
Owning a car significantly improves your quality of life. It brings you freedom of movement, flexibility and convenience.
But affording to purchase a car outright is difficult particularly, if you want a car that has low emissions.
With salary sacrifice, the employee gives up part of their salary and the cost for the car is taken before income tax and national insurance deductions enabling the employee to drive a brand-new, new fully maintained, taxed and insured car at a lower cost than going through a personal contract scheme. By spreading the cost through salary sacrifice, your employees can afford a newer, greener car.
In addition, to support your environmental policy, our benefit is carbon neutral, with all emissions offset by an accredited scheme.
Why is our Car Salary Sacrifice Scheme an important benefit?
Cars are expensive, and affording to pay for them outright is difficult. But paying a monthly cost for the vehicle directly from their salary means that employees can make some substantial savings in the long term and don’t have to worry about affording a deposit upfront. Providing employees with access to such a valuable asset can help retain great talent for your company.
This scheme also comes with fully comprehensive insurance, breakdown cover, routine servicing and replacement tyres, meaning your team will have peace of mind that maintenance costs are covered.
In addition, as an employer, you can save up to £2000 in employer’s National Insurance Contributions for every green car leased through the scheme. This can amount to substantial savings for the company.
How do we help?
Our team of Client Success Managers are on hand throughout your policy to ensure that you get the support that you need. From inducting your employees into your scheme to providing webinars on how the scheme works for your team, our colleagues are on hand to ensure your staff get the best out of this employee benefits solution.
faqs
How can we help?
We want you to have the simplest, easiest experience possible when choosing the right employee benefits. But we know you might have a few questions. Read on for more information here. If you still have questions, talk to us.
Why choose the Car Benefit scheme?
Is this scheme open to everyone?
How long does the agreement last?
Do I need a credit check?
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