How does electric car salary sacrifice work for employers?
A completely cost-neutral benefit to offer your employees
Excellent employee perk
Cost neutral for your business
Staff save between 30-60% on premium EVs
Contributes to net zero
EV salary sacrifice schemes explained
At EZOO, we offer a unique approach to EV car leasing through our salary sacrifice scheme. Unlike traditional leasing options, this scheme allows employees access to an electric vehicle for a fraction of traditional leasing or purchase costs.
By signing up your business to our salary sacrifice scheme, your employees can choose from our range of vehicles, and make monthly fixed payments directly from their salary before Income Tax and National insurance is applied.
The precise savings your employees can make will depend on their salary, marginal rates and Benefit in Kind tax rate. Generally, each employee can expect between 30% to 60%, but the higher their tax bracket, the higher their monthly savings will be.
You can point your employees towards our salary sacrifice calculator for precise monthly figures.
Setting up your business on the EZOO salary sacrifice scheme is super simple and completely cost-neutral to you, which means you can sign up for free with no financial risk attached.
How to get set up with salary sacrifice
1
Sign up with EZOO
2
Launch the scheme
3
Fully managed onboarding
Offering employees an electric vehicle with EZOO’s salary sacrifice scheme is a fantastic benefit, slashing the monthly cost of an electric vehicle by up to 60%, with as little as a 12-month contractual commitment.
As a business, you sign up with our scheme at no cost, and your employees pay for the EV through their gross salary, saving tax, NI and Benefit-in-Kind.
We understand that life changes quickly, which is why we offer flexible contracts from 12 months onwards to ensure that you’re completely covered as a business.
The process is simple, we do all the admin and the process is completely HMRC-compliant too, all you need to do is get in touch to sign up and launch your scheme, and we’ll manage the onboarding process and provide ongoing support with anything you need.
We will also set up your employees with their own personalised dashboard so they can browse the latest new and used vehicles on offer.
FAQs for employers
How can I sign my company up for salary sacrifice?
As long as you’re the decision maker within the company, you can get your company set up straight away.
All you need to do is get in touch with us and a member of our team will walk you through the onboarding process.
The best part is that the scheme is completely free for you to implement and we handle everything for your employees, so you’re completely covered.
Can my employees use the car for personal use?
Of course, once your employee takes possession of the car, they can use it in the same way they would a lease or subscription vehicle.
Why should I sign my company up for EV salary sacrifice?
By signing up for EZOO’s electric vehicle salary sacrifice scheme, you can enjoy the UK’s only all-inclusive salary sacrifice scheme.
This means you can offer your employees access to the latest EV’s at a fraction of the usual cost, with absolutely no fees to cover from your end.
It also means that you can support your employees on their journey to Net Zero, and contribute to slashing carbon emissions while offering a best-in-class perk to your employees.
Popular EV manufacturers we stock
Why choose the EZOO salary sacrifice scheme?
Save up to 60%
We have models to suit all tastes and budgets
Premium EV models
Choose from some of the world's best EV car brands
Full coverage
Insurance, maintenance, tax and more are taken care of by EZOO
Cost neutral for businesses
It’s completely free for companies to sign up to
All-inclusive offering
Everything you need is bundled into a single all-inclusive offering
Net Zero
Offering an EV on salary sacrifice is a great way to push towards Net Zero
Salary Sacrifice examples
New Porsche Macan Electric
Salary: £125,000 per annum
Contract: 48 months
Annual mileage: 5000 miles
£599 per month, saving of 59%
Audi Q4 e-tron
Salary: £100,000 per annum
Contract: 48 months
Annual mileage: 5000 miles
£217 per month, saving of 40%