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Salary sacrifice leasing is an arrangement where employees give up a portion of their pre-tax salary in exchange for a vehicle provided by their employer. It's a cost-effective way to offer employees access to vehicles.

Salary sacrifice schemes can be a valuable employee benefit, helping to attract and retain talent. They can also generate potential tax and National Insurance savings for both employees and the company.

Employers can determine the range of vehicles available, often based on their budget and sustainability goals. However, some schemes may provide flexibility for employees to choose from a selection of vehicles.

Employers offering salary sacrifice schemes need to ensure they comply with tax regulations. While the employee's salary is reduced, the benefit of the vehicle provided is a taxable benefit. Employers should be prepared to report this to tax authorities.

The duration of a scheme can vary, but it's often between 2 to 4 years. Employers should set clear terms and conditions for the scheme's duration.

Both maintenance and insurance are always included as part of the scheme. These benefits can enhance the attractiveness of the scheme as full comprehensive offering to your workforce.

Clear procedures for employee terminations and scheme adjustments are essential. Early Termination Protection (ETP) can be activated to provide a comprehensive level of protection for your business and it's employees. ETP is built in to the overall sacrifice.

At the end of the scheme, employers may need to manage vehicle returns, renewals, or extensions, depending on the terms established in the scheme.

Setting up the scheme is pretty straigthforward. First step is to conduct approval/credit facility requirements and assess your business credability. We have a solution for all businesses, whether you are a small company, or large corporation, our tailorable sacrifice offering is available to all!