Back to News

WHY SALARY SACRIFICE COULD GROW IN POPULARITY FOR ULTRA-LOW EMISSION VEHICLES

Salary sacrifice for company cars seemed to be a bit dead in the water, yet it seems to be making a sudden resurgence.

The reason. Quite simply because we have entered into a potentially unique bubble of time which looks set to span the next 5 years or so when the financial benefits of Salary Sacrifice look interesting again 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.

According to Jim Clark, group finance director of the Grosvenor Group, if employees opt to sacrifice a part of their salary and, instead, have a sub 50gsm/km company car, the financial benefits for both employee and employer are looking particularly strong.

The benefit in kind rules, particularly for ULEVs, combined with the employer’s purchasing power, and a scheme backed by an established vehicle provider, result in significant savings for employees, compared to financing the car privately, whilst representing genuine cost savings for the company.

Grosvenor Leasing has a salary sacrifice scheme in place, and interest is growing. For more information, why not call one of our friendly team on 01536 536 536. 

GET IN TOUCH
Call us today on 01536 536 590

GET IN TOUCH
Call us today on 01536 536 590

Services

Total Outsourcing

Fleet Management

Multi Bid Contract Hire

Pay as You Go Maintenance Management

Accident Management

Fuel Cards

Risk Management

Public Sector

Daily Rental

Short Term Rental

Light Commercial Vehicle Fleet Management

Fleet Consultancy

Total Outsourcing

Fleet Management

Multi Bid Contract Hire

Pay as You Go Maintenance Management

Accident Management

Fuel Cards

Risk Management

Public Sector

Daily Rental

Short Term Rental

Light Commercial Vehicle Fleet Management

Fleet Consultancy

News & Media

WHY SALARY SACRIFICE COULD GROW IN POPULARITY FOR ULTRA-LOW EMISSION VEHICLES

Salary sacrifice for company cars seemed to be a bit dead in the water, yet it seems to be making a sudden resurgence. The reason. Quite simply because we have entered into a potentially...

More

HAS THE ROLE OF THE COMPANY CAR CHANGED FOREVER?

Changes to the role, and structure, of the traditional office are being predicted by experts who see a new era of business...

More

With virtual meetings and conferences becoming the new norm, office visits are becoming increasingly rare. If you operate a fleet of vehicles, or work in the fleet sector, why not enjoy a brief video tour of The Grosvenor Group's offices... #personal #fleet https://t.co/uXVzxw7fNe