All Company cars articles
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ArticleAutumn Budget 2024: Government to close loopholes around car ownership schemes
Autumn Budget 2024: The government has announced plans to close loopholes in company car tax rules by ending contrived car ownership schemes. In the Autumn Budget 2024, Rachel Reeves, Chancellor of the Exchequer, laid out plans to publish draft legislation around loopholes in car ownership ...
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ArticleNovus Health introduces electric car salary sacrifice arrangement
Source: Shutterstock Independent healthcare provider Novus Health has introduced an electric vehicle salary sacrifice benefit in order to extend its employee benefits package. The scheme, which is provided by Fleet Alliance, is available for 35 eligible employees who can choose from a wide range of cars. Novus ...
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ArticleExclusive: 62% of staff incentivised by benefits through salary sacrifice scheme
Almost two-thirds (62%) of employees who plan to get an electric vehicle (EV) as their next car said a key incentive is the benefits available through a salary sacrifice scheme, according to new research by Tusker. The salary sacrifice car provider surveyed 5,942 UK employees for its ...
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OpinionKaren Hartmann: How can employers incorporate family life into the workplace?
Business reaps rewards with family-friendly policies and more women at work.The good news is that the growing proportion of women in the labour force since 2019 has added around $1.5 trillion to global income, according to Moody’s published research.The disappointing news is that despite progress in recent decades, the participation ...
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ArticleThe top 10 most read articles between 12 - 18 July 2024
The top 10 most read articles between 12 - 18 July 2024 on employeebenefits.co.uk were: BT Group to roll out new family leave policyKing’s Speech introduces mandatory ethnicity and disability pay reportingEmma Reynolds named pensions ministerKing’s Speech introduces Employment Rights BillUtility Warehouse introduces personalised financial education for employeesGusto Group to ...
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ArticleCompany car schemes increasingly opt for electric vehicles
Credit: muk woothimanop/ShutterstockA third of UK organisations which intend to review their company car programme in the next 12 months plan to introduce more environmentally friendly vehicles into the schemes, according to research by Willis Towers Watson (WTW).Its Company car benefits survey report, which surveyed 1,610 UK organisations across ...
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ArticleXPO Logistics introduces electric vehicle and hybrid salary sacrifice scheme
Logistics solutions provider XPO Logistics has launched an electric vehicle (EV) and hybrid salary sacrifice arrangement for its UK employees.Through the scheme, which is provided by vehicle leasing firm Arval, employees will be able to access competitively priced cars, which saving on income tax and national insurance contributions. Additionally, the ...
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ArticleRoyal Mail Group launches company car salary sacrifice scheme
Royal Mail Group has introduced a company car salary sacrifice scheme for its more than 120,000 employees in order to support its commitment to achieving net-zero emissions by 2040.Through a partnership with Novuna Vehicle Solutions, the group’s employees will have access to new and used low-emission and electric vehicles (EV) ...
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Case StudiesStandard Chartered offers salary sacrifice car scheme to attract and retain staff
Last October, banking group Standard Chartered introduced a plug-in hybrid and electric vehicle (EV) salary sacrifice scheme for all its 2,500 UK-based employees.The scheme, which is provided by Tusker, covers hybrids and EVs emitting less than 75g CO2 per km, and, has recognised how the world of work has changed ...
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AnalysisHow to design a company car scheme to suit today's workforces
Credit: PanuShot-shutterstockNeed to know:Hybrid and remote working have changed the need, and expectation, to drive to work five days a week for many employees.Yet access to a company car, especially an electric vehicle through salary sacrifice, remains popular.Company car schemes are still an important recruitment and retention tool, but need ...
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Case StudiesThe benefits offered by Aldermore Bank
The benefits on offer at Aldermore Bank:PensionA group personal pension (GPP) plan with salary sacrifice arrangement for all employees. Employee/employer contribution levels are 3%/6%, 4%/8% and 5%/10%.Group riskLife assurance, employer paid for all employees at four-times salary, with the option for employees to flex up at their own cost to ...
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ArticleExclusive: Central Co-op introduces electric vehicle salary sacrifice scheme
Retailer Central Co-op has launched an electric vehicle salary sacrifice scheme as part of its ongoing commitment to sustainability.Through the scheme, which is provided by Octopus Electric Vehicles, Central Co-op's company car drivers and car allowance recipients can select a brand-new electric car with no upfront costs. The scheme also ...
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AnalysisTop tips for managing the cost of company car schemes
Credit: muk woothimanop/ShutterstockNeed to know:Green electric vehicle (EV) salary sacrifice arrangements are growing in popularity.As well as tax savings, EVs can be cheaper to run and maintain, with used cars also a cost-effective option. Employees need to understand how benefit-in-kind (BIK) rates differ for both EV and internal combustion engine ...
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Case StudiesClear costs are key component of Stephenson Harwood's company car scheme
Law firm Stephenson Harwood has offered a salary sacrifice electric vehicle scheme to its 700 employees through provider Tusker since 2022.One of the key points throughout, but especially now during the cost-of-living crisis, is ensuring that both the costs and savings are totally clear for any employee interested in signing ...
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Supplier articleEach Person and Vodafone Have Entered Into a Global Partnership Agreement
Purpose-Led Company Vodafone Has Introduced a New Savings Benefit for Millions of Their Loyal MembersVodafone, a global telecommunications leader, is delighted to announce a strategic partnership with Each Person to elevate the benefits offered to its VeryMe Rewards members starting today.Each Person provides innovative solutions that meet the diverse needs ...
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ArticleLearnd launches electric vehicle salary sacrifice scheme
Learnd has introduced an electric vehicle (EV) salary sacrifice scheme for 200 eligible employees.The scheme, which is provided by fleet management firm Gofor, was rolled out to employees via a webinar. Learnd staff can view a wide choice of EV options to cater for a range of budgets, including the ...
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AnalysisHow to structure a sustainable reward strategy
J.M. Image Factory/shutterstock_1864249615Need to know:Employee benefits can play an important role in helping organisations meet their sustainability goals, as well as helping to attract and retain staff.Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer.It is vital ...
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ArticleTriton Construction implements EV salary sacrifice scheme
West Yorkshire-based building contractor Triton Construction has implemented an electric vehicle (EV) salary sacrifice scheme for its 70 employees.Through a partnership with Carmyke Leasing, an appointed representative of Fleet Alliance, Triton employees will be able to choose a brand new EV with low benefit-in-kind rates, zero emissions, all service, maintenance ...
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ArticleXtrac launches electric vehicle salary sacrifice scheme
Credit: Just Jus / Shutterstock.comXtrac, a supplier of high-performance transmissions for motorsport and high-performance automotive applications, has expanded its range of employee benefits by introducing an electric vehicle salary sacrifice scheme.The Thatcham head-quartered business decided to implement the scheme to encourage its more than 440 permanent part- and full-time UK ...