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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. 

GET IN TOUCH
Call us today on 01536 536 536

GET IN TOUCH
Call us today on 01536 536 536

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Salary Sacrifice is growing in popularity for ultra-low emission vehicles. This is thanks to the Government's hugely attractive BIK rates on ULEVs and EVs. To find out why take a look at our article on The Grosvenor Group website... https://t.co/SBHhTytNu1 #contracthire