Salary Sacrifice
Help deliver value for your people and your business with EV Salary Sacrifice
An EV Salary Sacrifice scheme is an employee benefit that supports your people while helping to enhance your overall employee benefits offering.
Employees pay for an electric vehicle through their gross salary before tax and National Insurance contributions, similar to a cycle to work scheme or pension contribution. Depending on their individual tax position and circumstances, this can make driving an electric vehicle more accessible and, in many cases, more cost-effective than arranging a vehicle privately. In some cases, it may compare favourably to a personal lease, with a single monthly payment covering the vehicle and a range of included services.
For employers, the reduction in gross salary may reduce National Insurance contributions, depending on scheme design and employee participation levels. This can help manage business costs while enhancing your overall employee benefits offering.
Why EV Salary Sacrifice?
The benefits at a glance
For your organisation
- Fully managed scheme with minimal administration
- Helps attract and retain talent
- Strengthens your employee benefits proposition
- May reduce employer Class 1 National Insurance contributions
- Supports ESG and emissions reduction objectives
- Helps reduce risks associated with grey fleet driving
For your employees
- In most cases, no upfront deposit required and no personal credit check needed, subject to eligibility and scheme terms*
- One simple monthly payment covering a comprehensive package of services
- A straightforward access to a brand-new electric vehicle
- Wide choice of vehicle makes and models
- Potential National Insurance savings through reduced gross salary, depending on individual circumstances
What's included in Ayvens' EV Salary Sacrifice scheme?
Our fully managed scheme is designed to be simple to implement, easy to operate and supportive for both employers and employees from day one.
Expert consultancy support Drawing on our fleet and mobility expertise, we'll help you understand your workforce, evaluate opportunities and design a scheme aligned to your business goals. We'll also model potential National Insurance savings to support informed decision-making.
Specialist implementation Our dedicated implementation team will guide you through every stage of the process, helping you launch a scheme tailored to your organisation.
Protection from unexpected costs Early Termination Protection (ET XTRA) helps mitigate certain financial risks associated with unexpected life events, subject to terms and conditions.**
Employee engagement support We'll support your launch with ready-to-use communications, webinars, events and guidance to help employees understand the scheme and encourage participation.
Comprehensive driver package Employees benefit from a fixed monthly cost covering a range of services, helping to provide greater certainty over running costs. Home charging solutions are also available.***
Compliance and reporting Built-in licence checking and HMRC reporting help support scheme administration and compliance.
Measurable ESG outcomes Depending on employee participation and usage, the scheme may contribute to reductions in Scope 3 CO₂ emissions. We provide reporting and insight to help you measure impact and support ESG reporting requirements.
Ongoing account support We'll work closely with you to keep the scheme running smoothly, helping you optimise performance while keeping administration to a minimum.
Speak to the team today
*Subject to employer eligibility checks and scheme terms.
**Exclusions apply.
***Additional cost is incurred and will be added to the employee's total monthly payment.
Salary sacrifice arrangements may impact employees’ pension contributions, borrowing capacity and entitlement to certain statutory benefits. Employees should consider their individual circumstances before joining.