Electric Car Salary Sacrifice
Opting for an Electric Car on a salary sacrifice scheme is a great way of delivering a tax-efficient benefit to your employees, with little or no cost to your business whilst at the same time, saving your employee income tax and National Insurance.
So many advantages!
The most advantagous way of running company cars is through a tax efficient Salary Sacrifice Scheme. With savings for both the employee and employer.
Utilising our flexible car subscription fleet, you not only have the option for some of the latest and best cars in the market place, but you also reduce the risk of getting stuck with a vehicle should a member of staff leaves employment.
Electric vehicles work best on a Salary Sacrifice scheme as they offer the lowest Benefit in Kind (BiK) rates of all the vehicles. The business subscribes to the car on corporate agreements and your employee sacrifices their salary to pay for the rental. This saves NIC and Pension contributions (where applicable) for the company and Income Tax and National Insurance for the worker.
On top of this, by promoting electric cars are part of the the Salary Sacrifice team, you are actively reducing the company’s carbon footprint and reducing the risks that usually come with operating a company car scheme or grey fleets.
Why Cocoon Vehicles?
Since 2007 we have been offering our specialised short-term products to individuals and businesses. We work closely with the company to set-up credit lines and agreements and provide lists to help you and your company choose the right cars for your employees.
You get a dedicated account manager and if you operate more than 10 cars, you can opt to receive a consolidated invoice so it makes your accounts system much simpler.
More reasons to choose Cocoon Vehicles
- Flexible schemes with commitments from as little as 90 days, so you don't get stuck with a car if the employee leaves.
- Additional options to opt for 24/36 month car leases if required.
- Established business, operating since 2007
- Dedicated accounts manager
- Easy to set-up and free to operate
- Access to some of the most prestige cars, which are generally in-stock.