Affordable EVs for your employees

Tax and NI reductions for your business

Save up to 45% on a brand-new EV or PHEV

Why choose Salary Sacrifice?

Did you know that almost half of UK workers want a salary sacrifice scheme that allows them to access electric vehicles?

Choosing CVSL as your business's leasing partner means that brand-new electric and hybrid vehicles become more affordable.

It's simple - your employee sacrifices a fixed amount of their pre-tax salary every month in exchange for a brand-new EV. Because the fee is taken before tax, the employee makes savings on their tax and National Insurance contributions.

The benefits aren't only for employees. The salary sacrifice scheme can help your business attract and retain the best people, save on taxes and meet your sustainability goals.

How Does Salary Sacrifice Work?

It's simple – your employee sacrifices a fixed amount of their pre-tax salary every month in exchange for a brand-new or pre-owned EV complete with full service, maintenance and repair package.

We're here to guide you through every stage of setting up and maintaining the scheme.
1

Enrol

Enrol your business onto the CVSL salary sacrifice scheme

Select

Select a range of new and/or used electric and hybrid vehicles to offer your team

2
3

Choose

Your employee chooses a vehicle to lease and the monthly fee is taken directly from their pre-tax salary

Enjoy

Happy employee: can drive an electric car for less peace of mind from a fully maintained lease is more likely to stay with your organisation
Happy business: pay less tax and National Insurance contributions attract, keep and motivate the best staff support sustainability targets

4

The benefits of Salary Sacrifice Schemes

For the employer

  • Pay less in National Insurance contributions (NICs): – Allowing your employees to take part in a salary sacrifice scheme can add up to significant savings on employer NICs, especially where a high proportion of your staff enrol on the scheme.

  • Attract the best employees: – Almost half of workers* in the UK want salary sacrifice as part of their employee benefits yet fewer than 1 in 10 employers** offer these schemes. This makes salary sacrifice an appealing benefit for prospective employees.

  • ..and keep them: – Keeping your employees happy boosts staff retention as well as reducing costs relating to recruitment and training.

  • Support sustainability: – With a global spotlight on reducing carbon emissions, giving your team the opportunity to lease EV and hybrid cars supports more environmentally friendly driving and can increase your company’s green credentials.

  • Reduce reliance on company cars and ‘grey fleet’ vehicles: – If you currently provide company cars or your employees regularly use personal vehicles for business use, our fully maintained EV salary sacrifice scheme can help reduce the costs associated with servicing, repairs and fuel reimbursement.

For the employee

  • Save on income tax and NICs: – Salary sacrifice payments are taken from an employee’s pre-tax earnings. This means that they will benefit from a reduction in tax and NICs and can result in substantial savings for high earners.

  • EV and hybrid vehicles become more accessible: – Employees on lower salaries (or those ineligible for a company car) can drive a modern, high-spec electric vehicle that would be unaffordable if financing independently.

  • Lower monthly payments: – Monthly salary sacrifice payments are typically lower than a personal leasing agreement. They are also fixed for the duration of the lease, which means no unexpected bills or surprise payments.

  • Fully maintained repair and servicing package: – All of our salary sacrifice lease vehicles include a comprehensive servicing, repair and maintenance package – even covering tyres – to give your employees complete peace of mind.

  • Free charger installation: – Some vehicle manufacturers will install a home charger at no cost. Please get in touch for more details.

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Frequently Asked Questions

No, it's free to join the scheme with a small fee applicable for every employee that signs up.

Introducing an EV salary sacrifice scheme offers many benefits to employers. It can help you to:

  • Save on tax and NI contributions
  • Attract and retain the best staff
  • Work towards your sustainability goals
  • Reduce your company's reliance on grey fleet
  • Offer an alternative to company cars

Almost half of UK employees would like salary sacrifice as an option, with 67% seeing it as an affordable way to access an EV.

Benefits include:

  • Making EVs more accessible, especially for those who may not be able to afford it otherwise and are not eligible for a company car
  • A more affordable option compared with leasing or financing independently
  • Reduced vehicle emissions
  • A comprehensive servicing and maintenance package for peace of mind
  • Cheaper running costs
  • Free charger installation (from certain manufacturers)