Medical Professionals

Our next generation salary sacrifice scheme has been designed by experts in vehicle leasing, finance, taxation and insurance. This makes it an industry-leading example of an employee benefit. A salary sacrifice car scheme enables an employee to use a portion of their gross salary in exchange for a leasing agreement on a zero-emission electric vehicle (EV) or a low-emission plug-in hybrid vehicle. A leasing deal reduces the employee’s motoring costs and their environmental impact, and also has great benefits for the employer.

Let’s talk about the benefits of a salary sacrifice car scheme

For the employee:

• Affordable motoring: leasing a vehicle is cheaper than buying one, and running an EV is cheaper than running a petrol or diesel vehicle.
• Cash saving: because the salary sacrifice is made on the employee’s gross salary, they pay less income tax and national insurance, hence making a cash benefit each month.
• Easy to budget: the employee is sacrificing a fixed portion of their salary each month, this is going towards all their motoring costs so is easy to budget and plan for.
• Carbon footprint: driving a zero/low emission vehicle reduces the employee’s environmental impact.
• New vehicles: our flexible lease deals run from 24 to 48 months, which means you can always be driving a new vehicle.
• Low-risk: there is no deposit on our lease deals and you are not liable for continuing payments if you leave your job, so there is no risk to signing-up.

For the employer:

• National insurance payments: for each employee enrolled on the scheme, the employer is paying less national insurance contributions (assuming the NI savings aren’t shared).
• Sustainable employer: you can more easily achieve your environmental objectives because you are promoting greener driving and reducing emissions.
• Best leasing deals: through Pink Salary Exchange you have access to the best leasing deals on the market, hence reducing your fleet costs.
• Better compliance: our online management portal enables you to track lease vehicles better for taxation, insurance and maintenance, hence improving your compliance.
• Easy to manage: simple sign-up and management process and all help guide literature is accessible online.
• High quality employer: you can promote the scheme as part of an attractive remuneration package, which also promotes inclusivity and fairness, and in turn will improve employee loyalty, morale and productivity.

Click on these links for the full list of employee benefits and employer benefits