Salary Sacrifice Cars
Provide a first-class benefit for your employees and move towards a greener fleet.
Drive Your Business
Towards a Greener Future
Start your business journey to net zero, and provide a cost-effective way for your employees to drive an Electric Vehicle.
Boost Your Employee Benefits
At no cost to your business, recruit and retain the best talent with a go-green car benefit.
Generate Savings
With low Benefit-in-Kind (BiK) rates on Electric Vehicles (EVs), your employees can save on tax and you’ll both save on National Insurance Contributions (NICs) too, it’s a win-win.
Simply Charge and Go
Salary Sacrifice Cars can come with insurance, maintenance and servicing included.
How Salary Sacrifice Cars Work
Employees choose a vehicle
Selection, ordering and delivery all managed on the CBS Portal.
Vehicle leased to your business
Rental includes maintenance, insurance can be added.
Employees salary sacrifice
Tax and NIC savings for your employees, and at least cost neutral for you.
Easy renewal process
At the end of term, employees can choose a brand new car.
Keep your employees happy by delivering a premium benefit, helping you to attract new talent and retain the best staff.
Drive brand new EVs and go green
Benefit from low BiK tax on EVs
Savings on income tax and NICs
Insurance included as standard
Full maintenance package
An affordable way to drive an EV
Hassle-free Vehicle Maintenance
We’ll help and support you throughout the duration of your fleet contract.
Breakdown Support, Windscreens & Tyres
Service, Maintenance & MOT
Fines & Charges Management
Replacement Vehicle
Driver Dedicated Helpdesk
Your employees sacrifice a fixed amount from their gross salary in exchange for a company car. With the taxable salary amount reduced, your employees will make savings on income tax and NICs, however BiK tax will be paid as the vehicle will be classed as a company car.
Remember, our Salary Sacrifice Cars can be one part of your overall solution alongside our other products, creating a blended car benefit package.
Discover all our solutions for employee car benefits.
- You want to offer an optional car benefit to some or all staff.
- You would like to boost your green credentials.
- Your employees are ready to make the switch to electric.
- You are happy to complete some admin on P11D reporting and National Minimum Wage checks.
A salary sacrifice arrangement is a formal agreement under which an employee accepts that with effect from a set date, they’ll receive a lower taxable salary in exchange for a benefit. In this case, the benefit is a car. The employee receives less gross salary but they save the tax and National Insurance that would ordinarily be due on this salary. The salary they give up is used to cover the lease costs of their chosen vehicle, sometimes including insurance and maintenance.
Electric Vehicles are the most efficient cars for salary sacrifice schemes, however, you can choose to include Ultra Low Emitting Vehicles (ULEVs) to expand the choice of cars available to your employees.
It’s recommended that your employees notify HMRC that they’re driving a company car, or when they change their company car so that they can update their records and tax code without delay. They can update HMRC online here, by downloading the HMRC app or calling on 0300 200 3300.
Tax for your employees and National Insurance Contributions (NICs) for the business will be taken after the salary sacrifice deduction, making savings for both parties.
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