EV SALARY SACRIFICE FOR EMPLOYEES

The cost- effective way to drive a brand-new electric vehicle

SAVE UP TO 40%*

compared to traditional personal lease agreements

DRIVE ELECTRIC

A brand-new leased vehicle of your choice (EV or PHEV only)

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WHAT IS CAR SALARY SACRIFICE?

Salary sacrifice is a benefit that allows employees to lease a brand-new electric vehicle (EV) or plug-in hybrid (PHEV) by giving up a portion of salary.

It’s the cost-effective way to lease an EV or PHEV, making it easier and more affordable to drive a low-emission vehicle, when your employer signs up to a Salary Sacrifice scheme.

HERE’S HOW IT WORKS

A part of an employee’s salary is taken out before tax and used to cover the cost of leasing the car. Because this amount is deducted from the gross salary (before tax and national insurance), it lowers taxable income.

That could lead to less income tax and national insurance for the employee to pay.

Family with blue Renault Kangoo and mobilize charger on concrete floor with wooden vertical slat background style house

MAKING LEASING MORE AFFORDABLE

Leasing a car this way is usually much cheaper than personally leasing the same vehicle – saving up to 40%*.

The simple explanation: some of an employee’s pre-tax salary is used in exchange for a brand-new electric car to make the cost more affordable.

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ONE SIMPLE MONTHLY PAYMENT

As well as a brand-new leased vehicle, one monthly salary deduction can include your road fund licence and roadside assistance, too.

With optional funded extras of vehicle servicing and maintenance, tyre replacement, fully comprehensive motor insurance and a full fitted electric vehicle home charger, it can be the full package.

EMPLOYEE BENEFITS

A BRAND-NEW LEASED VEHICLE

EV or PHEV only

SAVE ON TAX AND NATIONAL INSURANCE**

NO INITIAL DEPOSIT

A PERSONALISED CAR AND PACKAGE TO SUIT YOU

NO EMPLOYEE CREDIT CHECK

FULLY FITTED ELECTRIC VEHICLE HOME CHARGER

optional funded extra

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Photo of lady wearing a blue coat holdong a phone while watching a white Renault Megane at an EV charger

WHY GO ELECTRIC?

Choosing an electric vehicle (EV) not only makes the switch from petrol or diesel easier.

Taking an EV enhances your salary sacrifice further, with lower running costs and zero tailpipe emissions.

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Is your employer already onboard with Salary Sacrifice? Get online to see hundreds of available cars and see what you could save today.

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* Savings shown are based on a comparison between a Salary Sacrifice car lease arrangement and an equivalent personal lease agreement for the same vehicle. The estimated saving of up to 40% reflects potential reductions in Income Tax and National Insurance contributions available through Salary Sacrifice, as well as VAT efficiencies. Actual savings will vary depending on individual tax circumstances, employer scheme rules, and vehicle choice.
**Terms and conditions will apply. For more information you can also visit the gov.uk website