Salary Sacrifice

It's easy to go electric
Salary sacrifice is an attractive, yet tried and tested method of delivering a tax
efficient benefit to employees, at little or no cost to their employer.

Why Salary Sacrifice?


It enables an employee to drive a brand new, cost effective electric car for a great deal less than if they had leased it privately.

The employer leases a tax efficient zero emission electric car, which it provides to the employee as a company car in return for the salary sacrifice.

Employer Guide

  • Helps reduce fleet carbon footprint by encouraging the uptake of electric vehicles.
  • Reduces fuel costs by encouraging fleet drivers into more cost effective electric cars
  • Provides an attractive employee benefit without increasing costs.
    Generates monthly NIC savings.

Employee Guide

  • Cost effective access to a brand new electric car
  • Income tax, NIC and VAT savings available
  • No upfront costs or credit check required
  • Flexible mileage and terms
  • Maintenance and breakdown cover included
  • Fully comprehensive, fixed-term, car insurance provided for up to 3 drivers

 

Why Dynasty Leasing?


Salary sacrifice solutions that are attractive and easy to manage for both employers and employees.

We also provide exclusive access to our easy to use online calculator that helps demonstrate the potentially significant savings available to employees and employers.

Employee savings

Monthly gross
sacrifice
£743
Amount deducted
from gross salary
Monthly net
sacrifice
£462
Reduction in
take home pay

Employee saving of £13,488 over the term

Employer savings

NIC saved on
salary sacrifice
£99
NIC paid on
company car
£13
Employer
saving
£106

Employer saving of £4,128 over the term

Based on a car with P11D value of £46,450. Assumes the employer is able to recover all VAT incurred, subject to the 50% block on the recovery of VAT incurred on the finance element of the contract hire rental.

 

Want to find out more?

Speak to us about salary sacrifice and receive simple, unbiased advice and help on setting up a scheme where it’s shown to be effective.

Contact Us