Electric Vehicle Salary Sacrifice Schemes generally assists businesses and helps them stand out when recruiting and support s businesses sustainability goals – boosting the rewards package offered to staff while shrinking carbon footprint. Plus, with salary sacrifice, the Company and their employees could both benefit from tax savings.

It’s better for your drivers, better for your practice, and better for the planet.

Many drivers would love a greener, cleaner vehicle, but the cost and complexity can be off-putting. that is where Salary Sacrifice comes in – giving employees a tax savings on low-emission vehicles. By making things more affordable, Salary Sacrifice can turn driving an EV from something they would like to do one day, into something they can do today.

Here is how it works First, they save – your employees pay for their car through salary sacrifice, saving money on Income Tax and NICs. Then, your business benefits from reductions in employers NICs.

Benefits of E V Salary Sacrifice:

Attract and retain your talent

✔ Reduce CO2 emissions, become a green employer

✔ Help employees make the most of their salary

✔ Low risk, low hassle administration

✔ Tailored to fit your business

✔ Home, public and workplace charging expertise

 With a used EV there are even more benefits to enjoy:

  • Up to 40% saving against new vehicle Salary Sacrifice
  • Refurbished to high standards
  • 12- and 18-month contracts available
  • Immediate delivery
  • No upfront rentals
  • Full Maintenance, Servicing and Tyre replacements
  • Road insurance included
  • Early Termination Protection included

If EMN Members are interested in learning more, please contact Michael and I direct, and we will arrange a Teams Call to introduce Salary Sacrifice and explore your businesses plans to adopt electric vehicles. We normally aim for a 30–45-minute Teams meeting to provide an overview, establish appetite to explore further and answer any questions you may have.

All we need is a couple of dates and times you can accommodate to enable our colleagues to present to you.

We look forward to hearing from you.

E mail : chris.middleton@lloydsbanking.com

E mail : michael_hindhaugh@bankofscotland.co.uk