Salary Sacrifice

An attractive employee benefit scheme Salary Sacrifice

Update: Autumn Statement 2016 - Salary Sacrifice for cars is changing.

From April 2017, employees who pay for their cars through Salary Sacrifice will have to pay Income Tax on the amount of salary they sacrifice, and their employers will have to pay National Insurance Contributions on it too. Existing arrangements won’t be affected by these changes until 2021, and ultra-low emission (ULEV) cars will be exempt from them entirely. So you can still enjoy the tax advantages of Salary Sacrifice if you get your car before April, or if you choose ULEV.

 

Stay tuned for more information on Hitachi Capital's Salary Sacrifice scheme for 2017 and beyond.

Is Salary Sacrifice right for your business?

Companies considering introducing a salary sacrifice scheme may benefit from having prior experience of introducing other employee benefit schemes. We can help you decide if the scheme has potential benefits for your company.

 

Take a look at our funding overview page for other options that may suit your business or speak to one of our experienced fleet consultants on 0343 351 9073.

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