Employee Salary Sacrifice
As employees, you deserve to have access to the best company benefits on offer. Allowing you to get behind the wheel of a brand-new car at a fraction of the price compared to other leasing methods.
The process is simple too, with payments coming directly out of your pre-tax salary, allowing you to benefit from lower lease payments and a reduction in taxable income.
What is Salary Sacrifice?
It's the opportunity to use some of your salary before Tax & National Insurance is deducted, to pay for a brand new leased vehicle. It means you can save money by reducing your Income Tax & National Insurance contributions compared to personally leasing the same vehicle.
The benefits increase significantly if you lease a pure electric vehicle.
Why go electric?
Choosing an electric vehicle not only makes your switch from petrol or diesel easier, but also enhances your salary sacrifice further, with...
- The ability to include a fully fitted home charging point
- Low Benefit in Kind (BIK) charges
- Zero tailpipe emissions
- Free parking in some cities
- Lower running costs
- ULEZ compliancy & exemption from congestion charges
How it works...
Introduce Us To Your Employer
You can refer your employer on their behalf and we'll contact them to discuss the scheme and its benefits.
Your Employer Signs Up
Once we've worked our the perfect salary sacrifice scheme for your employer, we'll ensure its integrated smoothly.
Choose Your Car
Your employer will then provide the necessary details for you to browse our deals and find your dream vehicle.
Enjoy Your Car
Once your vehicle's arrived, the payments will automatically be deducted from your salary and will be visible on your payslip.
Refer your employer to experience enhanced savings and the joys of driving a brand-new car with our convenient salary sacrifice car deals
Employee FAQs
No - employees need only participate if they wish to. The scheme is open to all eligible employees within the following criteria:
- Your gross basic pay must not fall below the applicable National Minimum Wage or National Living Wage at any time during employment, after the salary sacrifice reduction.
- You must have held a full UK or EU driving licence for a minimum of 12 months.
- You must be a permanent PAYE employee for a minimum of 6 months and have completed your probationary period.
- You must not have resigned, be at risk of redundancy or due to retire before or during the lease period.
- You must not be long term absent due to illness or leave.
- You must meet teh vehicle insurer's elibility criteria e.g. age, claims & convictions.
There is extensive information on HMRC's website relating to salary sacrifice arrangements. Additonally, you can take external advice.
Yes - you cannot sacrifice your salary to an extent which will cause your earnings to fall below the applicable National Minimum Wage or National Living Wage.
(Your employer may impose other exclusions, you would need to speak to your employer to clarify)
No - the variation to your employment terms relates only to the agreed reduction in gross salary and the provision of the benefit described; your terms and conditions will remain unchanged.
Termination fees will apply should you wish to terminate the lease before the end of the agreed term.
However, in certain circumstances when you experience a life event, for example long-term sickness or maternity leave, you may be able to withdraw from the scheme without being liable for the termination fee.