Salary Sacrifice
If you're looking for a cost-effective way to get a new car in the UK, you might want to consider a car leasing salary sacrifice scheme. This arrangement allows you to lease a car through your employer and pay for it with pre-tax income. It's a great option if you're looking for a hassle-free way to get a new car without breaking the bank.
What is a Car Leasing Salary Sacrifice Scheme?
A car leasing salary sacrifice scheme is a way for employees to lease a car through their employer, with the cost of the lease being deducted from their salary before tax is applied. This means that you can save money on tax and National Insurance contributions, as well as benefit from lower monthly payments.
The Benefits of a Car Leasing Salary Sacrifice Scheme
There are many benefits to leasing a car through a salary sacrifice scheme, including:
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Cost Savings: You can save money on tax and National Insurance contributions, as well as benefit from lower monthly payments.
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Hassle-free Motoring: With a leased car, you don't have to worry about the costs of repairs, servicing or MOTs.
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No Large Upfront Payment: With a car leasing salary sacrifice scheme, you don't have to make a large upfront payment as you would if you were buying a car outright.
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Flexibility: You can choose from a wide range of cars and lease agreements, so you can find the one that's right for you.
In conclusion, a car leasing salary sacrifice scheme is a great way to get a new car in the UK without breaking the bank. By leasing a car through your employer, you can benefit from cost savings, hassle-free motoring, and flexibility. Check with your employer to see if they offer this scheme and start enjoying the benefits today.
How Does It Work?
The Scheme allows your employees to lease a new electric vehicle with a portion of their gross salary. Due to the money being deducted from their pre-tax salary they will pay less income tax on the final monthly salary, and they can make savings from 30-60% on their vehicle costs. By using this scheme within your business will not only increase engagement but you will also save on NI as a business.
Electric vehicles are becoming increasingly more popular due to emitting no pollutants and people wanting to reduce their carbon footprint, but they can be significantly costly. This scheme helps break the barrier for people to start making a difference in their environmental impact today!
Any Questions?
If you have any questions about salary sacrifice and want to find out more, give us a call on 0345 350 3776, send us a message on our live chat service, email us at enquiries@willowleasing.com or complete the below contact form.