The CanfordEV Electric Car Salary Sacrifice benefit enables your employees to pay for a
zero-emission car each month using their gross salary – before tax and other
contributions are deducted.
It does not work in the same way as other salary sacrifice schemes, such as cycle to work,
as there is no obligation for the employer to purchase the asset.
This means your employees don’t pay National Insurance or income tax on the monthly
cost of the car, and your business doesn’t pay NI contributions on this amount either.
What’s more – your business pays nothing to offer this great benefit to your employees.