What is Salary Sacrifice Scheme
The Scheme is intended to bring financial benefits to those employees who wish to exchange part of their salary for the benefit of a car.
Benefits of Salary Sacrifice Scheme
- No Deposit
- No Credit Checks
- Best Value for Money
- Service/Maintenance/Replacement Tyres Included
- Special Offers and Discounts
Latest Offers
MERCEDES EQA – ELECTRIC
Vehicle Type: Hatchback
4 Doors
Transmission: Automatic
More Details
MODEL YEAR: 2020
Example Quote: £375.76 per month @8,000 mileage per annum and with pension contribution 6.5%
TOYOTA YARIS HATCHBACK 1.5 Hybrid Icon 5dr CVT
Vehicle Type: Hatchback
5 Doors
Transmission: Automatic
More Details
Model Year: 2021
Example Quote: £218.00 per month @8,000 mileage per annum and with pension contribution 6.5%
MINI COUNTRYMAN PHEV – HYBRID
Vehicle Type: Hatchback
5 Doors
Transmission: Automatic
More Details
Model Year: 2021
Example Quote: £306.78 per month @8,000 mileage per annum and with pension contribution 6.5%
If you have £2,083.33 per month gross pay (£25000.00 per annum), you would take home around £1,612.67 after PAYE tax, National Insurance and Pension contributions (6.5%).
Sacrificing £378.33 per month of gross pay for a brand new fully maintained and insured Mini 135kW Cooper S 1 33kWh 3dr Auto based on a 3 year lease at 10000 contracted miles per annum your take-home pay will reduce to around £1,374.53*
So the £378.33 per month of salary that you are sacrificing only costs you £239.14 per month.
You would be £139.19 per month better off because of the PAYE tax, National Insurance and Pension contributions you have saved on the amount of gross salary that you have sacrificed.
*Calculation correct at the time of publication based on the 2020-21 Tax Year, quotes are subject to change without prior notice and are provided for illustration purposes only, errors and omissions excepted.