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Here we have highlighted three facts about a salary sacrifice car scheme which could have big implications for employees of the business.

We look at the main financial benefits to driving an EV and outline why it makes complete sense to make the switch now.

A salary sacrifice scheme is where an employee has a portion of their monthly salary deducted from their pay in return for an agreed non-cash benefit.

One of the major barriers to employers being able to tempt workers back to the office full-time is concerns over the use of public transport, so salary sacrifice schemes have emerged as an effective tool in avoiding costly commuting and any COVID risk on public transport, and may therefore be the key for many employers opening offices full-time once more.

With increasing scrutiny on vehicle emissions, many leading organisations and stakeholders are working towards schemes and incentives to encourage the use of electric vehicles (EVs) and hybrid vehicles within their workforce. These schemes are designed to bring mutual benefits for both the employee and the employer. Salary sacrifice is one of these, and is perhaps the best example of such a scheme, but it doesn’t only apply to low-emission vehicles.