Electric Car Salary Sacrifice

Help your people save 30-60% on leasing a brand-new electric vehicle in exchange for part of their pre-tax annual salary.

What is an Electric Car Salary Sacrifice?

Our electric car salary sacrifice scheme allows employees to lease an electric vehicle while saving on tax and National Insurance contributions. This scheme empowers your people to make savings between 30%-60% through a reduction in their gross salary, meaning the cost is deducted before tax, significantly lowering the overall expense. With the government’s push toward cleaner, greener transport, electric vehicles are gaining popularity due to their lower emissions and reduced running costs. Not only can you help your team, but offering this salary sacrifice shows your business’s values of fighting for a greener future!

How Does It Work?

The scheme is a cost-efficient and environmentally friendly alternative to traditional car ownership. Your people can choose any electric vehicle (subject to eligibility criteria) to lease on a 12-48 month contract with a maximum mileage of 30,000 p/a via a salary sacrifice set-up. Employees participating in the electric car salary sacrifice scheme can benefit from lower upfront costs, as well as savings on maintenance and fuel, as electricity is typically cheaper than petrol or diesel.

Build a Greener Business and Support Financial Wellbeing

For employers, offering an electric car salary sacrifice scheme is a great way to enhance their benefits package and promote sustainability. By giving employees access to electric vehicles, businesses can reduce their carbon footprint and contribute to a greener future. This initiative also supports employee wellbeing, as it provides a practical, money-saving option for commuting and personal travel.  

Ultimately, Each Person’s electric car salary sacrifice scheme provides employees with a tax-efficient, eco-friendly way to drive electric cars, while companies benefit from a more engaged and environmentally conscious workforce.