Salary sacrifice allows employees to agree to forego part of their salary in return for non-cash benefits such as childcare vouchers and pension contributions, which can enable tax and national insurance savings to be made. Salary sacrifice offers employees greater flexibility of choice as to how their remuneration package is shaped.
Electric vehicles provided through a salary sacrifice scheme can help employees not only cut their costs of mobility but overcome wellbeing issues surrounding the cost of living crisis at the same time.