Salary sacrifice schemes are enjoying a resurgence as businesses make the switch to electric vehicles. The schemes allow employees to ‘sacrifice’ part of their salary in return for a new car, and at the same time deliver income tax and National Insurance savings (although there is benefit-in-kind tax to pay).
The schemes work best for ultra-low emission vehicles so they can help businesses with their environmental targets. They can also solve the grey fleet headache of employees using older, higher polluting vehicles for business journeys.
The Fleet News salary sacrifice webinar, sponsored by Tusker, will explore these benefits in more detail, focusing on how salary sacrifice can work well for cash allowance drivers and reduce risk for businesses.
The panel of experts will share first-hand experience of setting salary sacrifice schemes up, and engaging with employees to ensure they’re successful.