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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. 

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Call us today on 01536 536 590

GET IN TOUCH
Call us today on 01536 536 590

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To the amazing women out there, The Grosvenor Group pays tribute to you all on International Women's Day, and what better day to show this fabulous photo taken a few years ago of some of the senior leadership team at Grosvenor. #internationalwomensday https://t.co/47MYU5MIjm