Salary sacrifice is a smart financial arrangement where an employee gives up a portion of their gross salary in exchange for a non-cash benefit—in this case, a brand-new car. This scheme is rapidly growing in popularity across the UK and Europe because it offers significant tax and National Insurance savings for both the employer and the employee.

When applied to electric vehicles, salary sacrifice becomes even more powerful due to the low Benefit-in-Kind (BIK) rates. Employees can often drive a premium EV for a significantly lower monthly cost than they would pay through a private lease, as the payment is taken before income tax is calculated. It is a powerful tool for recruitment and staff retention in a competitive market.

• Lower income tax and National Insurance contributions.
• Corporate-level discounts passed directly to the employee.
• Includes insurance, maintenance, and breakdown cover.
• Easy implementation for HR and finance departments.

To see how much you could save on your take-home pay and calculate your potential BIK liability, talk to our employee benefits consultants for a detailed breakdown.

For employers, offering a salary sacrifice scheme costs nothing to implement and demonstrates a commitment to employee well-being and environmental sustainability. Full Rent manages the entire process, from vehicle selection to contract administration, making it a hassle-free addition to any corporate benefits package.

Boost your employee benefits without increasing your overhead. Discover the power of car salary sacrifice.

Inquire today to set up a salary sacrifice scheme for your company with Full Rent.