Green Car Scheme – A Salary Sacrifice Car Lease Scheme That Benefits Everyone.
Under the salary sacrifice green car scheme, employees can make huge savings on a new car by reducing their gross salary through a salary sacrifice arrangement. The scheme is a great way to enjoy a new, fully insured and maintained car, save on tax and national insurance and reduce your carbon footprint at the same time. Its a win win scheme for both employee and employer…read on to find out more.
The Green Car Scheme is a new and innovative employee benefit, born out of the Governments introduction of a 10% band for benefit in kind taxation on low emission vehicles. Designed to provide employees with a brand new, fully maintained and insured car, but at a significantly reduced cost, the scheme represents a very attractive proposition for both employee and employer. As an employee the scheme can save you thousands of pounds on a new car when compared to high street deals, and as the scheme is cost neutral and fully managed, there is little administration and risk on the part of the employer.