Salary Sacrifice
A cost-effective way of enabling your employees to drive a fully electric or plug-in hybrid car
Overview
Grosvenor’s Salary Sacrifice scheme offers the most cost-effective way for employees to drive a new electric car while providing a risk-free solution for employers.
EV Salary Sacrifice
Key Benefits
Savings of up to 40% compared to a personal lease for employees
Fully funded, managed, and insured car at ‘zero cost’ to the business
Comprehensive risk protection for both the company and employee from day one
Our solution
Grosvenor’s EV Salary Sacrifice scheme is by far the most cost-effective way of enabling your employees to drive a fully electric or plug-in hybrid car.
The contract for the vehicle is between Grosvenor and the company, supplied under a traditional corporate contract hire agreement.
The employee sacrifices a portion of their gross salary to cover the cost of the company-provided car, and once national insurance and tax are accounted for, the employee’s reduction in payroll matches the total cost of the vehicle.
Our scheme stands out from others in the market due to its extended risk protection programme, which safeguards both the company and employee from day one. This comprehensive protection covers scenarios such as employees leaving the company, redundancy, long-term sickness, maternity/paternity, and neonatal care leave.
With Grosvenor’s EV Salary Sacrifice scheme, employers can offer their staff a highly attractive benefit with no risk and minimal administrative burden
What’s included:
- Fully funded, managed, and insured electric or plug-in hybrid cars for employees
- Servicing and maintenance, motor insurance, fleet management, accident management and licence checks
- Access to new and used vehicles
- Extended risk protection programme from day one
- Free vehicle returns if employees leave employment, either through their own choice, dismissal, or redundancy
- Employees can keep the vehicle without charge for up to 12 months if they take extended leave
- Employer protection if employees on extended leave do not return to work
- Simple scheme setup
- Optional inclusion of home charger installation within the salary sacrifice scheme
- Minimal administration for employers
Benefits:
- Significant savings of up to 40% for employees compared to a personal lease
- Risk-free solution for employers, with comprehensive protection from day one
- Attractive employee benefit to aid recruitment and retention, providing an enhanced renumeration package at no extra cost
- Minimal administrative burden for employers
- Full guidance, support and consultation from Grosvenor
- No deposit or credit check on the employee
- Grey Fleet risk mitigation
- Supports corporate sustainability goals by promoting the adoption of electric vehicles
To learn more about how our scheme can benefit your organisation, please get in touch with our expert team today.
01536 536 536 or email info@grosvenor-leasing.co.uk.
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