Salary Sacrifice Car Lease Scheme
Salary Sacrifice Car Schemes
What is a Salary Sacrifice car scheme and how does it work?
A Salary Sacrifice Car Scheme is an additional benefit you as an employer can offer your employees. It's easy to set up and run and our dedicated teams are here to help your business set up a scheme - as Alphabet is ‘Highly Recommended’ in Fleet Report’s 100 Trusted Brands’ for Salary Sacrifice, you can trust our team to ensure you receive the help you need.
Once your businesses Salary Sacrifice scheme is set up your employee selects a new car from a wide range vehicles (currently available in the UK) using our dedicated website. They can compare lease quotes and add any additional extras before submitting them for approval.
Then you (as their employer) take an agreed fixed amount from their salary each month – before income tax and National Insurance are deducted – for the duration of their contract.
Speak to our team
Get in touch with us to discuss setting up a Salary Sacrifice car scheme.
What are the key benefits for your business?
What are the key benefits for your employees?
Top 5 driver FAQs
You can have almost any vehicle that you would like (vehicles available to you will be dependent on your company’s requirements and what is currently available in the UK). There is no set price list; all quotes must be provided individually through the Alphabet Salary Sacrifice portal, which must be authorised by your employer. All prices are discounted through our scheme and so dealer offers do not apply.
All quotes include Road Fund Licences, MOT’s, servicing, maintenance, replacement tyres, windscreen damage and breakdown cover.
Yes, you still have to pay Benefit in Kind Tax in line with the HMRCs requirements. Please note BIK varies depending on the vehicle you choose. Electric vehicles attract much less BIK than petrol or diesel vehicles.
When choosing a vehicle using our online portal you will see the itemised quote which includes the amount that will be deducted from your Salary should you decide to go ahead with the vehicle. Your Company/Payroll department will be automatically informed of the amount.
Please refer to the Government website www.gov.uk for information.
Speak to our team
Get in touch with us to discuss setting up a Salary Sacrifice car scheme. Call us on 0370 50 50 100 or email alphabet@alphabet.co.uk