Fleet News

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.

Salary Sacrifice Features

 
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