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Salary Sacrifice

Salary sacrifice in essence is set up so employees can pay part of their gross salary towards the purchase of a vehicle but make significant savings through income tax and National Insurance.

The benefits of a car salary sacrifice scheme are;

  • Vehicles can be offered at no cost to the employer
  • Manufacturers and contract hire companies can offer reduced rates

Company cars brought through salary sacrifice are still eligable for benefit in kind tax so the lower the co2 emissions on the vehicle, the lower the tax likely to be paid.

Salary Sacrifice

 
  • Changes to salary sacrifice schemes announced in the Chancellor’s Autumn Statement unleashed a torrent of myths about employee car benefits. Andrew Don seeks to separate the fact from the fiction

  • In our regular feature, Nigel Trotman, Fleet News Hall of Fame member and two-time Fleet News Award winner, gives advice on your fleet challenges and queries.

  • A growing number of fleets are using the scheme to allow staff access to new cars. But does it have lasting appeal? Ben Rooth asks fleet managers who have run schemes for a number of years

  • The schemes, used to provide employees with cars, are growing in popularity but how do they work and are there any negative implications to consider?

  • Advice from speakers at the Fleet News Salary Sacrifice Seminars, sponsored by Škoda and SG Fleet. Simon Harris and Sarah Tooze report