Give your employees the right kind of benefit
- Complement existing benefits without increasing costs
- Attract and retain top talent
- NIC savings
- Simple, fully supported scheme set up
- Reduces carbon footprint
Strategic Advantages for Employers
More than a company car
With a company car, employers are responsible for the admin side of things such as keeping up with maintenance and insurance as well as dealing with the likes of speeding and parking tickets. Salary sacrifice schemes with a provider like us mean we do all that for you, freeing up the time and resources of your HR or payroll department.
Attracting and Retaining Top Talent
In a competitive job market, your benefits package is your strongest recruitment tool. Offering a cost-neutral benefit that allows staff to drive premium vehicles for a fraction of the market rate is a powerful incentive for loyalty and employee satisfaction.
Reducing the Corporate Carbon Footprint
As businesses face increasing pressure to meet ESG (Environmental, Social, and Governance) targets, transitioning the workforce to low-emission vehicles is a tangible way to demonstrate sustainability. By incentivising EVs through the scheme, you actively reduce your company's carbon footprint.
Employer NI Savings
It isn't just the employee who saves on tax. Employers also benefit from reduced Class 1A National Insurance contributions because the employee’s total gross salary is lower. In many cases, these savings can be used to offset the administration of the scheme or be reinvested into the business.
Help your employees
Up to 60% saving on an EV
Allow them to lease a new or used EV and save up to 60% compared to personal leasing due to the savings from tax and NIC.
All-inclusive package
We offer fully comprehensive insurance and an all-inclusive maintenance package meaning everything is included in the cost and there are no hidden fees.
Making new vehicles accessible
A credit score can play a big part in an individual’s affordability for leasing a new car. With salary sacrifice, there is no credit check. Only HR approval on affordability.
Plenty of choice
Ready to drive a better deal for your team?
Why Choose Vavoom?
We don’t just provide cars; we provide a complete vehicle management solution. We offer:
- A Digital-First Experience: Our market-leading online portal allows you to compare models, calculate exact savings, and track your order with a few clicks.
- Expert Advice: Our dedicated team gives you personalised support from day 1, ensuring you get all the information and make the right choice.
- Tailored Portals: We build bespoke dashboards for our corporate partners, making the administration of the salary sacrifice car scheme virtually effortless for HR and Finance departments.
Common FAQs: What You Need to Know
What is a salary sacrifice car scheme?
A salary sacrifice scheme is an employee benefit enabling staff to drive a new car by sacrificing a portion of their gross salary, usually to lease electric vehicles. Any business can have a scheme, but the employer needs to sign up to the scheme in order to have it available to the employee.
Is a salary sacrifice car a company car?
In short, yes, a salary sacrifice car is classified as a company car for tax purposes in the UK. The main difference being the way it is paid for. Employees sacrifice a portion of their gross salary rather than the company paying 100% of the cost.
Why should I give my employees a salary sacrifice scheme?
A salary sacrifice car scheme is one of the most effective employee benefits. The scheme can be designed to be cost-neutral to the employer, or even cost-positive. This perk allows your employees to access a new vehicle and pay for it utilising their gross salary before tax and national insurance. Not only are there monetary benefits, but there are also environmental (ESG) benefits in encouraging your employees to adopt ultra-low emission vehicles, reducing the impact of your organisation on the environment.
