GUIDE: Salary Sacrifice

In an ideal world, the employee benefit would be high-value, while the cost would be minimal. Layered on top of this is the need for every business to perform responsibly both to its staff and to the wider community and environment.

Offering an electrified vehicle through a salary sacrifice plan fits all of these criteria.

The Government’s ban on new petrol and diesel vehicles set for 2030 has led to the introduction of incentives aimed at increasing the uptake of electric vehicles, including low rates of benefit-in-kind (BIK) rates to encourage the uptake of zero and ultra-low emission company cars.

Businesses can take advantage of the existing BIK incentives now and not only help their employees make the step to electric driving, but also reduce their associated environmental impact.