Companies with vehicle fleets are in a unique bubble of time.
For the next 5 years or so, the financial benefits of Salary Sacrifice are very appealing – all thanks to the Government’s hugely attractive benefit in kind (BIK) rates on ultra-low emission and electric vehicles. Effectively, anything under 50gsm/km CO2.
If employees opt to sacrifice a part of their salary and, instead, have a sub 50gsm/km company car, the numbers, for both employee and employer, are particularly strong. This could be the moment businesses have been waiting for to encourage employees into greener vehicles, while saving money.
- But how compelling are the financial benefits?
- How straightforward is it to set up a Salary Sacrifice scheme for company cars?
- And, more importantly, is Salary Sacrifice right for your business?
At Grosvenor Leasing, we are the UK’s largest privately-owned contract hire and fleet management specialist.
Totally independent of any banks or vehicle manufacturers, our customers enjoy objective and impartial advice to help them find the fleet funding and management solutions that are best suited to their needs.
Through a 10 – 15 minute consulation, either by phone or conference call, we can quickly help you identify whether Salary Sacrifice is something worth taking a closer look at for your business.