Salary Sacrifice Car Scheme

Salary Sacrifice is a fantastic Employee benefit allowing them to 'sacrifice' some of their salary for a brand-new, company-leased car at no cost to the Employer! Let us help you get started - Get in touch today! 

What is a Salary Sacrifice Car Scheme and How does it work? 

Salary sacrifice is a government backed scheme designed to help employers and their workers save on tax. An employee agrees, with their employer, to give up part of their salary in exchange for non-cash benefits, in this case for Electric Cars!

This means that the employee's gross salary is reduced by the amount they sacrifice. The result is lower National Insurance contributions (NICs) for both the employee and employer.

Salary Sacrifice is a fantastic way for employers to offer an attraction and retention tool for their employees, that is extremely cost effective for both the business and their staff.  Savings for the employee range between 30% and 60% vs sourcing a car privately.

Getting started with the scheme is simple - all you need to do is fill out the form below and we will be in touch with you. Unlike many "off- the shelf" schemes, we offer full consultancy on setting up a bespoke scheme to meet your business's requirements! 

The Salary Sacrifice Process

 

Sign Up 

Sign up for free to our Salary Sacrifice Scheme or refer your employer. Get in touch today! 

Choose Your Car

Let us help choose the right car for you!

We will provide you access to our Salary Sacrifice Portal - this will allow you to search for cars and view accurate pricing based on your own circumstances, such as Tax Banding and location. You can then submit an enquiry, and we will look to get the best 'live' quotation for that vehicle, which is valid for 28 days.

Delivery

Delivery is provided Free of Charge across the mainland UK. As all payments are taken directly through your salary, you don't need to do anything else, just enjoy your new car! 

Salary Sacrifice Company Benefits 

 

No Cost To Your Business 

Completely free to set up, and easy to manage through our Salary Sacrifice Portal.

Attract and Retain The Best Talent 

Fantastic way for employers to offer an attraction and retention tool for their employees that is extremely cost effective for both the business and their staff.

Fully Managed Scheme 

We will support you through the entire process - from initial setup, employee eligibility, company credit checks and expert advice on EV's. 

Sustainability 

By choosing zero emission Electric Vehicles, you will benefit your Environmental, Social, and Governance (ESG), and Corporate Social Responsibility (CSR)  

 

Tailored To Suit Your Business 

We will help tailor the scheme to suit your business requirements - you can choose to limit the choice of vehicles by size, type & contract length.

Salary Sacrifice Employee Benefits

 

Brand New Electric Car 

Your brand new EV will be delivered directly from UK main dealers. 

 

No Employee Credit Checks 

Your credit score is not affected as there are no direct searches against the employee.

 

No Deposit Required 

Monthly payments are taken after delivery of your new car. 

 

Maintenance 

Optional vehicle maintenance packages are available. 

Fully Fitted EV Charge Points

A home EV charger can be included in your Salary Sacrifice package.

Salary Sacrifice FAQ's

Salary sacrifice is a government backed scheme designed to help employers and their workers save on tax. An employee agrees, with their employer, to give up part of their salary in exchange for non-cash benefits, in this case for Electric Cars!

This means that the employee's gross salary is reduced by the amount they sacrifice. The result is lower National Insurance contributions (NICs) for both the employee and employer.

 

Salary Sacrifice is a fantastic way for employers to offer an attraction and retention tool for their employees, that is extremely cost effective for both the business and their staff.

With the nature of Salary Sacrifice, there is an element of "sacrifice" for the employee, therefore their Gross Salary effectively drops.  This reduces the amount of Income tax, and national insurance, that the employee pays.  

The idea behind the scheme, is that this gross salary reduction is used to fund a new Electric car, fully insured and maintained, for a significantly reduced rate compared to what a private individual would normally be able to achieve using "tax paid" income.

Salary Sacrifice is technically available for all employees, other than those employees where the "sacrifice" would take them below the National Minimum Wage.  

Most companies have a Policy whereby they offer it to employees that meet certain criteria, such as length of service or their position within the company.  We can assist businesses in writing this policy, to ensure maximum benefit within a well thought out scheme bespoke to that business.

 

Benefit-in-kind (or BIK) is a tax on employees who receive benefits or perks on top of their salary. If you have a company car for private use, you will have to pay a BIK contribution, or company car tax.

Every car has a BIK percentage banding. This is based on CO2 emissions, and a P11D value, which is the list price, including extras and VAT, but without the first year registration fee and vehicle tax.

Annual mileage is agreed at the outset, with the driver being encouraged to consider the mileage that they expect to do.  Many funders do allow this to be amended should the drivers circumstances change, and this amendment can happen after the agreement has been live for 6 months, and before 6 months to the end of the agreement.  Clearly, this will impact on the lease cost, either up or down, and that will be reflected in the Salary Sacrifice.

The Salary Sacrifice can affect an employees pension, however companies can choose to treat this in different ways.

Fully Comprehensive Insurance is included for the main driver and up to two other named drivers.  This insurance cost is fixed for the duration of the lease, avoiding the ever increasing premiums for drivers.

There are a variety of ways that your company can deal with an employee leaving their position, either for a new job, redundancy or for disciplinary reasons.  We present these options to the business at the outset , and the business can choose their preferred option on how to deal with these scenarios.  There are solutions, meaning a business can operate a Salary Sacrifice Scheme with complete peace of mind.

EV Home Charging Points are not included in the standard pricing, however we can add these to the agreement and cover within the monthly cost.  We work with a Market Leading provider that can supply and install a charging point to your home, and they operate all over the UK.

Maintenance, including all regular Servicing is included within the Salary Sacrifice package.  Replacement tyres are also included, with all wear other than damage/vandalism to tyres being covered, and tyre fitting can usually be done at one of the major chain's.  So for the driver, its just a case of charging the car, with peace of mind that everything else is taken care of!

Absolutely, our Insurance package allows the Main Driver to add up to two additional drivers, with the same level of cover. subject to those drivers being between 18 and 75 years of age.  There are other conditions based on driving convictions etc, we can provide the full criteria on request.

Delivery is included and Free of Charge to the vast majority of areas of Mainland UK

Contact us for more detail We are delighted to talk you through all the options

What our customers say...

Marcus
5 stars

An absolutely outstanding experience. I cannot rate Chris and his business highly enough. His customer service and attention to detail are exemplary. If you are looking to buy a car and be given thoughtful and careful guidance then look no further. A real personal touch which is missing from the faceless car supermarkets and franchise dealerships these days. Recommended!

Siobhan
5 stars

Excellent service received from Chris. Thanks for all your help.
Highly recommend.

Ewan
5 stars

Chris has been outstanding from start to finish. Going above and beyond to ensure I was completely happy with my new car. Throughout the whole process he has been attentive, knowledgeable, honest and reliable. I wouldn't hesitate to use Automotive Scotland again in the future and would highly recommend him to anyone considering purchasing/selling a car. 

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