Salary Sacrifice Car Scheme
Simplydriveit - the salary sacrifice car scheme from Europe's largest motor group
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"Salary sacrifice car schemes make company cars available to employees not normally entitled to receive them, and usually at considerably discounted prices" |
This salary sacrifice car scheme was developed by Pendragon Contracts, the contract hire division of the Europe's largest Motor Group, Pendragon PLC. The scheme allows employees to give up the right to part of their salary due under their terms & conditions of employment in return for an employer's agreement to provide the employee with a non-cash type benefit.
Why should I consider a Salary Sacrifice Car Scheme for my organisation?
You can enhance your company benefits package by using current tax and National Insurance legislation to achieve savings when acquiring a vehicle.
Salary sacrifice car schemes can also help towards meeting your Duty of Care obligations under the new Corporate Manslaughter Act introduced in April 2008.
The 'simplydriveit' salary sacrifice car scheme has been designed to keep administration to a minimum. This is made possible through our purpose built online vehicle selector and quotation tool. Employees with a login can select vehicles of their choice and see the monthly cost implications (Including fully comprehensive insurance).
Getting started
We'll work with you to introduce a salary sacrifice car scheme for your organisation and help you to set up the rules of your company's scheme, including which employees you want to include and the type of salary sacrifice cars employees are allowed to choose from. We can also advise on which vehicles benefit most from the new taxation legislation.
What size of companies are eligible to introduce the 'simplydriveit' salary sacrifice car scheme?
We welcome enquiries from companies with 250 or more employees, however if your company is smaller but you have approximately 20 employees who are coming out of a cash for car scheme we also recommend you contact us.
Find out more about the 'simplydriveit' salary sacrifice car scheme:
