Salary Sacrifice for Business
Overview | Why get it? | Highlights | How it works | FAQs | Get started
Choose a service based on your role:
Why get Salary Sacrifice?
Save your staff money
Employees can drive a brand-new car while saving on tax and NI contributions.
Attract and keep top staff
Offer a valuable company perk that helps you attract and retain the best talent.
Offset C02 emissions
Drive greener by offering vehicles with options to offset their carbon footprint.
Neutral to your business
Introduce a popular benefit that’s completely cost-neutral for your business.
Why get Salary Sacrifice?
Save your staff money
Employees can drive a brand-new car while saving on tax and NI contributions.
Attract and keep top staff
Offset Co2 emissions
Add a cost neutral to your business
Add a salary sacrifice scheme that your team will actually use
Get the best deals with 11 finance providers competing on price
More finance providers means more competition on price.
That means lower prices on your cars.
Don’t settle for a salary sacrifice scheme with one finance provider and no competition on price.
Access hybrid & electric cars
Not everyone is ready for fully electric cars, but they might be tempted by hybrids.
Make your salary sacrifice scheme more valuable by offering both, instead of just electric like most salary sacrifice schemes.
Save a lot of headaches with properly informed staff
If your team fully understand what they are signing up for with salary sacrifice, it will make the whole scheme run a lot more smoothly.
Get employees who feel confident about getting salary sacrifice cars with our video content library which explains every detail.
Let us deal with your team's questions and queries
Questions on salary sacrifice can be tricky to answer.
Rather than trying to answer them yourself, outsource all the questions, admin and management to us.
Your HR team will thank you for this one.
Make it easy-peasy for Payroll with consistent monthly deductions
This is how it is on some salary sacrifice schemes.
Get rid of that hassle with consistent payments every month which your payroll team can set up once and it’s done.
Employer and employee benefits
Employer benefits
Employers save on NI contributions as the employee's salary is reduced before tax.
Helps attract and retain talent by offering a valuable and desirable perk.
Encourages uptake of electric vehicles (EVs), reducing company carbon footprint.
The scheme is cost-neutral in many cases, as leasing payments come from the employee’s salary.
Employees benefit from cost-effective access to a new car, reducing stress around commuting.
Employee benefits
Payments are taken before tax, reducing the employee’s overall taxable income.
More affordable than personal leasing or car finance due to tax efficiencies.
Typically includes insurance, servicing, road tax, and maintenance.
Unlike personal leasing or finance agreements, eligibility is tied to employment.
Enables employees to drive a brand-new car, often electric or hybrid, without large upfront costs
Learn how it works for your department
CEO/MD
More money in your team’s pocket means happier staff and higher productivity.
Finance
You can potentially reduce your business’ National Insurance contributions.
HR
HSE
FAQs
Why choose Vehicle Consulting?
This is how we differ from our competitors:
Price
The main one is that our of the cars tend to be a lot better than almost all salary sacrifice providers.
Hybrid & Electric Cars
You can get electric AND plug in hybrid cars through us. Most schemes are electric cars only.
We Manage The Whole Scheme For You
We manage the whole scheme for you with a team of experts who actually know about cars. This makes sure the scheme runs smoothly and isn’t a burden for your business.
No “Accelerated Payments”
The monthly payments on our cars are consistent every month unlike some other salary sacrifice providers.
This means payroll can set up the deduction once and leave it and also makes it easy for drivers to budget each month.
What happens if an employee leaves?
This is probably the most important thing you need to understand before you launch your salary sacrifice scheme.
The thing to consider adding to your salary sacrifice scheme is something called Early Termination Protection.
This covers your business for the early termination fee, should your employee leave.
There are different types of protection you can choose from which cover you for different levels of risk.
Each has it’s own Ts and Cs, so it is important to take the time to understand this before you set up your scheme.
We can talk you through how it works and the options you have.
How long does it take to set up?
This depends on the size of your business.
If you are a business Director, just getting a car for yourself, we can give you a consultation and place an order the same day.
If you are opening the salary sacrifice scheme up to your team, we strongly recommend taking a bit of time to set it up right and educate everyone on how it works.
This will save a lot of headaches.
The last thing you want is team members racing into something they don’t full understand.
What type of cars can you get?
Full electric cars are going to give you the best savings because they have the lowest benefit in kind rate.
Plug in hybrid cars are going to be more expensive because they have a higher benefit in kind rate which varies from car to car.
If you are getting a hybrid, check how much you will be paying in benefit in kind tax.
Petrol, diesel and other types of hybrid are not worth it through salary sacrifice.
Does it effect employees pensions?
We would recommend setting it up so their pension isn’t affected so it is a genuinely valuable perk for your team.
We can talk you through how to do this.
What are the risks?
Getting a bill if an employee leaves
Early termination protection is designed to cover this exact situation.
The employee pays for it, so it doesn’t cost the company anything.
Extra admin and management for your business
There can be a lot of questions, queries and management when you launch a salary sacrifice scheme.
You can outsource this to us, so we can handle it all for you.
Your team not understanding what they’re signing up for
You don’t want your team racing into getting a car without understanding things like how it affects their tax code.
We take the time to educate your employees on how it works before launch.
For example, video content dripped to your team’s emails is one way we do it.
This is going to make the whole thing work a lot more smoothly.
Find out how Salary Sacrifice can work for your business
Book a call with one of our Salary Sacrifce experts to get started.