Salary Sacrifice
What is it?
Salary Sacrifice Explained
A salary sacrifice is an agreement to reduce an employee‘s entitlement to cash pay in Exchange for a non-cash benefit. In this case, the non-cash benefit is an electric vehicle, with the monthly leasing costs coming directly out of the employee‘s gross monthly Salary (pre-tax). Average savings are between 30-60% through reduced income tax and national insurance contributions.
How Salary Sacrifice Works
Simple and Rewarding
Sign up to our portal free of charge
Invite your employees to enter the scheme
Your employees pick their perfect EV, configure it to meet their needs, specify a desired contract term and annual mileage
Car contract sent to you, the employer, for reviewal and approval.
Employee then signs to action the request.
Car is sourced, signed and delivered.
Payroll deducations begin the following month.
At the end of the contract, the car is returned and FleetEV will help you source a new vehicle.
And there's no need to concern yourself with early termination of the contract, should an employee leave your employment during the leasing contract term. Early returns are handled by us, giving your peace of mind.
What are the benefits?
Why Employees Choose Salary Sacrifice
A car is an essential part of everyday life for most people, whether it’s needed for work, commuting, or personal use. Our Salary Sacrifice scheme empowers employees by giving them complete control to choose the electric vehicle that best suits their needs and lifestyle. Beyond flexibility, this scheme offers the most cost-effective way to drive an EV, providing significant savings through reduced tax and National Insurance contributions. It’s a smarter, more affordable, and sustainable option for those looking to embrace electric driving.
Brand New Car
Drive the latest electric car offerings that come to market.
No Credit Checks
Your salary is your guarantee, giving you financial assurances
NI & Tax Savings
Reduce your tax burden, in exchange for the car that you need.
No Down Payment
Avoid the hassle of large upfront payments. With Salary Sacrifice, you enjoy pay monthly.
Account Manager
A dedicated specialist in your corner, there to answer and advice you at any stage.
Lowest Prices
Savings anywhere from 30-60% on your new electric car. It pays to do Salary Sacrifice
Stress Free Driving
Payments are handled behind the scenes, so you can enjoy your car with predictable, tax-efficient costs.
Maintenance and servicing
Maintenance and servicing included, covering checks, MOTs, repairs, tires, and breakdowns
Key Features
Our Solution at a Glance
Streamlined Onboarding: Quick and easy setup process to get your business up and running with EV salary sacrifice in no time.
Customisable Employee Benefits Portal: Tailor the platform to match your brand and employee needs.
Seamless Payroll Integration: Automated processes to ensure smooth deductions and compliance with tax regulations
Wide Range of EVs: We offer a broad selection of vehicles to suit different business and employee requirements.
End-to-End Support: From EV selection to delivery and ongoing maintenance, FleetEV handles it all.
