Salary sacrifice with CVM group

What is Salary Sacrifice for Electric Vehicles?

Electric vehicle salary sacrifice is a simple and effective way for businesses to encourage the adoption of electric vehicles while offering a valuable employee benefit. It enables organisations to extend access to electric vehicles beyond traditional company car drivers.

The scheme works by allowing employees to exchange a portion of their gross salary in return for an electric vehicle of their choice. Because the deduction is taken before tax, employees benefit from reduced income tax and National Insurance contributions.

Employers also benefit, as the arrangement can reduce the amount of Class 1 National Insurance contributions payable.

Overall, this structure significantly lowers the effective cost of driving an electric vehicle for employees, making EV ownership more accessible while supporting businesses in their sustainability goals.

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100% Electric CVM electric minibus plugged in and charging

Benefits to Your Business

Salary sacrifice for electric vehicles gives your business a tax-efficient way to offer valuable employee benefits while reducing your carbon footprint. We support you by setting up the scheme and managing the financing and vehicle administration.

Reduced Business Costs

Lower your business tax and National Insurance contributions by reducing employees' gross salaries.

Attractive Employee Benefit

Provide staff with a tax-efficient, non-cash benefit that gives them access to a brand-new electric vehicle.

Improved Carbon Footprint

Strengthen your CSR and environmental credentials by reducing your reliance on fossil fuels.

Lower Cost Per Mile

Electric vehicles offer lower running and fuel costs, helping reduce overall travel expenses.

Benefits to Your Employees

The salary sacrifice scheme allows employees to drive a brand-new vehicle while making monthly cost savings.

Fully Maintained Vehicle

Servicing, tyres and breakdown cover are included as part of the lease, giving employees complete peace of mind.

Lower Running Costs

Electric vehicles are cheaper to run than petrol or diesel cars, helping employees save money each month.

Tax & NI Savings

Because the cost is taken from gross salary, employees pay less Income Tax and National Insurance.

Lower Monthly Payments

The overall monthly cost of an EV through salary sacrifice is often lower than a personal lease.

No Impact on Credit Score

The vehicle contract sits with the business, so employees' personal credit scores remain unaffected.

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What is Salary Sacrifice for Electric Vehicles?

Benefits to Your Business

Reduced Business Costs

Attractive Employee Benefit

Improved Carbon Footprint

Lower Cost Per Mile

Benefits to Your Employees

Fully Maintained Vehicle

Lower Running Costs

Tax & NI Savings

Lower Monthly Payments

No Impact on Credit Score

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