SalSac

Employee Recognition & Rewards

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An innovative salary sacrifice scheme enables employees to exchange a portion of their gross salary for the use of a brand-new electric vehicle, resulting in significant tax and National Insurance savings. Key features include no upfront deposit, extensive maintenance and insurance options, and the ability to include home charging solutions, making it an attractive option for businesses and employees looking to transition to electric mobility while minimizing costs.

SalSac can be found in Employee Recognition & Rewards categories.

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SalSac Main Features

• Tax Savings
  Employees can save money on Income Tax and National Insurance by sacrificing part of their salary for a car.
• Simple Process
  The process is easy, with clear steps from signing up to getting the car delivered.
• No Deposit Required
  Employees do not need to pay a deposit; payments start after they receive the car.
• Car Salary Sacrifice
  This is a way for employees to give up part of their salary to get a leased company car, which can save them money on taxes.
• Eligibility Criteria
  Employees need to meet certain criteria set by their employer to join the scheme.
• Flexible Lease Terms
  Lease agreements usually last between 2 to 4 years, depending on what works best for the employee.
• Brand New Electric Cars
  All cars are brand new and come directly from approved UK dealers.
• Full Maintenance Included
  Every leased car comes with full maintenance and servicing, so employees do not have to worry about extra costs.
• Low Benefit in Kind (BIK)
  Electric cars have a low BIK rate, making them cheaper for employees compared to petrol or diesel cars.
• No Employee Credit Checks
  Employees' credit scores are not affected by joining the salary sacrifice scheme.
• Vehicle Insurance Available
  Employees can get fully thorough insurance for a fixed fee as part of the lease.
• Fully Fitted EV Charge Points
  An optional home charger can be included in the salary sacrifice for electric vehicles.

SalSac Benefits

• Tax Savings
  Employees can save money on taxes and National Insurance by sacrificing part of their salary for a car.
• Brand New Cars
  Employees receive brand new electric cars, ensuring they have the latest models.
• No Credit Checks
  Employees' credit scores are not affected, allowing more people to participate.
• Home Charger Option
  Employees can choose to have a home charger installed, making it convenient to charge their electric car.
• Low Benefit in Kind
  Electric cars have a low tax rate, making them cheaper to lease compared to petrol or diesel cars.
• No Deposit Required
  Employees do not need to pay a deposit, making it easier to get a car.
• Full Maintenance Included
  All maintenance and servicing are covered, so employees do not have to worry about extra costs.

Who should use SalSac?

• Broker
  Brokers can access a growing market with our easy-to-use salary sacrifice system.
• Employee
  Employees can save money on taxes and get a brand-new car without a deposit.
• Employer
  Employers can offer a simple car scheme that helps attract and keep good workers.

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