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 bought through salary sacrifice are still eligible for benefit-in-kind tax so the lower the CO2 emissions on the vehicle, the lower the tax likely to be paid.
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Salary sacrifice is ‘perfect’ for electric vehicles
The 0% benefit-in-kind tax rate for battery electric vehicles makes the staff benefit a valuable tool, say experts
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Separate the fact from fiction on salary sacrifice car schemes
Andrew Don separates the fact from the fiction on changes to salary sacrifice schemes and employee car benefits following the Chancellor’s Autumn Statement.
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Ask Nigel: salary sacrifice
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.
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Communication is key to ensuring salary sacrifice success
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
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10 things fleet managers need to know about salary sacrifice
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?
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Making Salary Sacrifice work for your fleet
Advice from speakers at the Fleet News Salary Sacrifice Seminars, sponsored by Škoda and SG Fleet. Simon Harris and Sarah Tooze report
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