A smarter route to electric company cars.
EMPLOYEE BENEFIT, FLEET SOLUTION
Discover how a well-designed salary sacrifice scheme can support employees, strengthen your benefits package and make electric driving more accessible.
Discover how a well-designed salary sacrifice scheme can support employees, strengthen your benefits package and make electric driving more accessible.
Request a scheme review
01 — THE BASICS
What salary sacrifice is
Salary sacrifice is an employee benefit arrangement where an employee agrees to exchange part of their gross salary for a non-cash benefit, such as a fully maintained electric company car. Payments are made before income tax and National Insurance are calculated, subject to the scheme design and individual circumstances.
01 — THE BASICS
What salary sacrifice is
Salary sacrifice is an employee benefit arrangement where an employee agrees to exchange part of their gross salary for a non-cash benefit, such as a fully maintained electric company car. Payments are made before income tax and National Insurance are calculated, subject to the scheme design and individual circumstances.
02 — THE BENEFITS
A scheme designed to support both employer and employee
Employees can access a new electric vehicle through an agreed monthly salary exchange. Employers can offer a valued benefit that supports attraction and retention, while building a modern, lower-emission mobility offer. The right scheme should be tailored around your workforce and business objectives.
02 — THE BENEFITS
A scheme designed to support both employer and employee
Employees can access a new electric vehicle through an agreed monthly salary exchange. Employers can offer a valued benefit that supports attraction and retention, while building a modern, lower-emission mobility offer. The right scheme should be tailored around your workforce and business objectives.
03 — EV AND BIK
Electric vehicles and Benefit-in-Kind
Fully electric company cars generally attract a lower Benefit-in-Kind rate than many petrol or diesel alternatives. This can make the arrangement attractive, but savings are not guaranteed: they depend on the employee’s salary, tax position, the chosen vehicle and the final scheme design.
03 — EV AND BIK
Electric vehicles and Benefit-in-Kind
Fully electric company cars generally attract a lower Benefit-in-Kind rate than many petrol or diesel alternatives. This can make the arrangement attractive, but savings are not guaranteed: they depend on the employee’s salary, tax position, the chosen vehicle and the final scheme design.
04 — EMPLOYER RESPONSIBILITIES
Clear responsibilities keep the scheme on track
Employers need to consider payroll operation, employment-contract changes, scheme communication, eligibility, insurance and duty-of-care responsibilities. A robust implementation plan makes the scheme easier for your people to understand and easier for your business to manage.
04 — EMPLOYER RESPONSIBILITIES
Clear responsibilities keep the scheme on track
Employers need to consider payroll operation, employment-contract changes, scheme communication, eligibility, insurance and duty-of-care responsibilities. A robust implementation plan makes the scheme easier for your people to understand and easier for your business to manage.
05 — PROTECTION
Early-termination protection helps manage change
Life and employment circumstances can change during a vehicle agreement. Early-termination protection is designed to reduce potential exposure in defined situations, subject to the specific policy terms, eligibility criteria and exclusions. We’ll help you understand what protection is available before the scheme goes live.
05 — PROTECTION
Early-termination protection helps manage change
Life and employment circumstances can change during a vehicle agreement. Early-termination protection is designed to reduce potential exposure in defined situations, subject to the specific policy terms, eligibility criteria and exclusions. We’ll help you understand what protection is available before the scheme goes live.
06 — HOW WE HELP
Rainford Fleet Solutions makes scheme decisions clearer
We help shape the right scheme structure, compare vehicle options, explain practical employer responsibilities and give employees straightforward information. From initial review through to delivery and ongoing support, we keep the process focused on what works for your people and your business.
06 — HOW WE HELP
Rainford Fleet Solutions makes scheme decisions clearer
We help shape the right scheme structure, compare vehicle options, explain practical employer responsibilities and give employees straightforward information. From initial review through to delivery and ongoing support, we keep the process focused on what works for your people and your business.
Important tax note
Any tax or Benefit-in-Kind examples are illustrative only. Individual outcomes depend on salary, tax position, the selected vehicle and the way a scheme is designed. We recommend taking appropriate independent tax advice where needed.
Ready to explore a scheme for your people?
Request a scheme review
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