Lex Autolease offers top tips for introducing salary sacrifice.
- Allow several months lead time to set up the systems, processes and ensure HMRC compliance
- Clearly and consistently market the product internally (roadshows, email, home direct mail, demo days etc)
- Set a CO2 cap to encourage BIK-efficient employee choices
- Build a contingency fund for early terminations by adding a small increment to the rental charge
- Review the policy regularly to benefit from negotiable manufacturer discounts and changes to legislation
- Don’t use salary sacrifice as a substitute for a company car scheme