Like childcare vouchers and Cycle to Work schemes – salary sacrifice for car means employees can use their salary in exchange for a new car before tax and National Insurance are deducted, giving them greater spending power.
They also get insurance, servicing, maintenance and breakdown cover as part of the package.
It’s a great deal for them – but the employer gets a lot out of the scheme too. The benefits include:
• Tax and National Insurance savings
• Lower ‘grey fleet’ risks and mileage expense claims
• Improved staff recruitment and retention
• Lower carbon footprint
And, of course, happier (and thus more productive) workforce.
It’s not even difficult to set up and run. Here at LeasePlan, our experts are ready and waiting to help.
Take a look at the benefits for employees – and employers in our short animated video.
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