Electric Car Salary Sacrifice

A salary sacrifice scheme allows employees to drive a fully electric company car, by forgoing a portion of their gross salary. The amount will be deducted before tax and National Insurance contributions are applied, akin to childcare, gym membership or cycle-to-work schemes.

A salary sacrifice scheme allows employers to offer employees a new car at a lower cost with a tax-efficient payment method. Additionally, the company may also benefit from reduced National Insurance contribution payments. Salary sacrifice schemes are HMRC and VAT compliant.

Our team are electric car specialists. We work closely with our strategic partners and so are perfectly placed to offer independent advice on the best solution for your company.

Employer:

• Increased employee engagement and retention

• National Insurance contribution savings

• Fully maintained and insured company cars with all in-life services managed and no daily involvement needed from the employer.

• Proven HMRC and VAT compliant scheme

• Reduced fuel costs

• No initial upfront costs

• Salary sacrifice schemes complement existing employee benefits

Employee:

• Access to a brand new electric car

• Saving on Income Tax and National Insurance

• No initial upfront costs

• Flexible mileage and terms

• Fixed cost motoring without unexpected bills or service costs

• Access to new features and functionality with regular over-the-air software updates

• Supporting your personal journey to Net Zero