Salary Sacrifice Is ‘Perfect’ For Electric Vehicles

Read The Full Article On: Fleetnews

The fortunes of salary sacrifice schemes for cars has ebbed and flowed over the years to reflect changes in the tax climate, but experts believe they are now “perfect” to help employees move into electric vehicles.

The latest changes – introduced in 2017 by the Government under the Optional Remuneration Arrangements (OpRA) – reduced the savings available through the staff benefit in the majority of cases, therefore lessening the schemes’ appeal.

These savings can amount to several thousands of pounds per vehicle each year and leasing companies such as Arval UK and JCT600 Vehicle Leasing Solutions have either already seen a surge in interest or expect salary sacrifice to become increasingly popular for EVs.

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