Fleet News

Demand high for places on ICFM salary sacrifice masterclass

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Fleet decision-makers have been urged to book their places for the forthcoming ICFM Masterclass focusing on the imminent changes to car salary sacrifice scheme and cash or car allowance rules.

The ICFM Masterclass will be held on Wednesday, March 22, from 10am-2.30pm and is being hosted by RAC at its operations control centre alongside the M6 in the West Midlands.

Speakers will be Alison Argall, business development director sales at Tusker, and Claire Evans, head of fleet consultancy Zenith. The speaker line-up will be completed by Dan Rees, associate director, Deloitte Car and Mobility Consulting.

The inaugural ICFM Masterclass - for both members and non-members - heralds the launch of a new initiative from the organisation dedicated to advancing the profession of car and light commercial fleet management.

Issues that the Masterclass will focus on will be:

  • The company car landscape - the current role employers play in car/travel provision; an overview of the 2016 Autumn Statement announcement and any related measures announced in the 2017 Budget and their impact on fleet and company car operations.
  • The key benefits of salary sacrifice - why salary sacrifice for cars has been a fast-growing benefit for employers to offer; employee benefits and key demographics on today’s salary sacrifice users.
  • The mechanics of salary sacrifice - how it works today; how it will work post-April 6, 2017; and how the legislation will impact on company car drivers with access to a cash alternative.
  • The future of perk and salary sacrifice cars post-April 6, 2017 - the impact of changes of pricing and availability of cars and the cost comparison of company cars versus private acquisition.
  • The role of ultra-low emission vehicles in company car schemes.
  • Dispelling the myths and speculation around the practical considerations of salary sacrifice/cash allowance schemes that have circulated since the new legislation was announced; providing information on administrative changes to P11d reporting post-April 2017.
  • How employers can successfully market a salary sacrifice scheme to maximise uptake among their employee base.

ICFM director Peter Eldridge said: “We have had significant interest in the Masterclass from ICFM members and non-members.

"We would therefore urge fleet decision-makers interested in attending and gaining an in-depth understanding of how the new rules will apply in the real-world - with many myths circulating dispelled - to book their places immediately.”

The inaugural Masterclass will be followed in mid-year with a second one focusing on operational road risk.

The cost of attending the Masterclass on Wednesday, March 22, is £99 for ICFM members and £135 for non-members.

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