- Larger pension contributions
- A vehicle for work – like an EV through our salary sacrifice scheme and we offer this on all makes such as Tesla, BMW, Mercedes, Kia, Hyundai and more
- Car parking coverage
- Childcare provisions
- Phones, laptops and other technology
- Health checks and corporate training
An extensive list of benefits were 100% tax-free until 2017, when the Treasury gave some special tax relief rather than full exemption. Some options under a salary sacrifice scheme are barely taxed at all. Low or zero-emissions vehicles and pension top-ups are just two examples of investments that employers can make on your behalf without HMRC taking a cut or only asking for 2-5%.
So, how does salary sacrifice affect tax? With careful planning, it can raise your earning potential, freeing more cash for investments that improve your work and personal life. Electric vehicles are a great way to reap the rewards of a salary sacrifice scheme. Learn more to get started on the road to smart tax efficiency.