Salary sacrifice car leasing is a tax-efficient way for employees to drive a brand-new electric car. This beginner-friendly guide explains how the scheme works, its financial and environmental benefits, and why it’s becoming a popular choice for cost-conscious and eco-minded drivers in the UK.
This guide outlines the key compliance, payroll, and contractual considerations employers need to understand before offering a salary sacrifice scheme. Tailored for HR and finance teams, it covers HMRC rules, employee communication, system setup, and documentation requirements. Includes links to official government resources and implementation guides to ensure a smooth, compliant rollout.
Electric vehicles often cost less than you think. This article explores the true cost of driving electric vs petrol, looking at running costs, maintenance, tax savings, and the benefits of salary sacrifice. Discover why EVs are becoming the smarter financial choice for modern drivers.
Considering a company car through salary sacrifice? Understanding Benefit-in-Kind (BiK) tax is key. This guide simplifies how BiK works and shows how low-emission or electric vehicles can offer big savings for both your wallet and the planet.