A simple guide to EV salary sacrifice for employers
Salary sacrifice is one of the most cost effective ways to get your team into electric cars. Here is how it works and why it is worth considering.
Electric car salary sacrifice has quickly become one of the most popular employee benefits in the UK, and for good reason. It gives your whole team access to a brand new electric car while making real savings on tax and National Insurance.
How it works
An employee agrees to give up a portion of their gross salary in return for a fully expensed electric car. Because the amount is taken before tax, both the employee and the employer make savings. The monthly figure usually bundles in insurance, maintenance, servicing and breakdown cover, so there are no surprises.
Why employers like it
- It is a high value benefit that costs the business very little to run.
- It supports your sustainability and net zero goals.
- It helps attract and retain great people.
Getting started
We handle the whole scheme for you, from setup and compliance through to driver support. Talk to our team to find out whether salary sacrifice is right for your business.