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  • Word document

    • Car salary sacrifice scheme

    This scheme allows eligible employees to lease a new, fully maintained, and insured car by sacrificing part of their gross salary. The scheme includes servicing, insurance, road tax, and breakdown cover. Employees benefit from tax and National Insurance savings, especially when choosing ultra-low emission vehicles. However, the car is classed as a company car, so Benefit in Kind (BIK) tax applies. The scheme outlines eligibility criteria, responsibilities, early termination rules, and financial implications, ensuring employees understand the costs and commitments involved.
    Updated: 31 July 2026
    • Car loans and leasing
    Download
  • PDF document

    • Car salary sacrifice scheme

    This scheme allows eligible employees to lease a new, fully maintained, and insured car by sacrificing part of their gross salary. The scheme includes servicing, insurance, road tax, and breakdown cover. Employees benefit from tax and National Insurance savings, especially when choosing ultra-low emission vehicles. However, the car is classed as a company car, so Benefit in Kind (BIK) tax applies. The scheme outlines eligibility criteria, responsibilities, early termination rules, and financial implications, ensuring employees understand the costs and commitments involved.
    Updated: 31 July 2026
    • Car loans and leasing
    Download
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    Employee confidential helpline

    0330 380 0658

    Speak to fully qualified counsellors and support specialists at any time, 365 days a year.

    Use code 107574 to access the online resources.

    More about the employee assistance programme

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