No deposit leasing deal handshake at Skyfleet

Salary Sacrifice

Benefits for Employers

What is Salary Sacrifice?

It's an employee benefit scheme that enables your employees to ‘sacrifice’ some of their salary in return for a brand new leased car - it will save both your company and your employee’s money!


There is no set-up fee or on-going cost. All employee savings are retained by the employee.

Reduced National Insurance contributions for employees participating in Salary Sacrifice. Savings can also be made by reclaiming VAT on the rental (50% of VAT payable on the lease element of rental and 100% of VAT payable on the service element of rental) subject to eligibility

From initial set up, employee eligibility, company credit line, employee vehicle quotations including salary deduction, income tax and NI savings, and BIK calculation. Through to vehicle order, salary deduction calculations, vehicle delivery and in-life support for both employee and employer, including periodic reporting to assist with HMRC submissions and payroll deductions – your broker and our experts are on hand to assist with all elements of your scheme.

Industry leading life event cover, protects both the business and your employees from expensive early termination fees.

Regardless of their status or need for a company car within the business, so long as the individual’s salary is at least the national minimum wage after any deductions and they have passed their probationary period.

When electric vehicles are chosen it helps your employees make the switch from petrol or diesel without worrying about changes to used car values or maintenance costs. It also assists with your green agenda and help to deliver on your Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR).

The scheme can be tailored to your company’s requirements, for example, limiting employee choice to only low or zero emission vehicles, size or type of vehicle or contract length.

If an employee leaves the company, their lease vehicle can often be transferred to the employee’s new employer or to another employee in your company, subject to eligibility.

Aids recruitment, employee satisfaction, motivation and retention

Low-administration employee benefit car scheme

To find out more about salary sacrifice please fill out the form below and submit an enquiry.