All Company cars articles – Page 11
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OpinionLovewell's logic: Fleet goes futuristic
It’s fair to say that cars and I aren’t the most natural of pairings. I have no interest in regularly upgrading the car that I drive and couldn’t name the latest must-have makes and models if my life depended on it.Yet, this week, my interest was piqued during a discussion ...
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Article
p50: Car salary sacrifice schemes – the truth about the risk
It is no surprise that salary sacrifice car schemes are on the rise. As a benefit that has the opportunity to be cost-neutral for the employer and cost effective for the employee, the popularity of these schemes is ever growing.One of the common detractors, however, is the perceived risk involved ...
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AnalysisWhat impact will retaining the diesel supplement have on company car schemes?
Need to knowThe delayed removal of the 3% diesel supplement on company car tax was announced in November 2015's Autumn Statement.On a fairly standard fleet car, employees face an additional benefit-in-kind tax liability of around £155 per annum, while employers face additional Class 1A national insurance contributions.For many high-mileage company ...
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Article33% name company cars as the best work perk
A third (33%) of employee respondents say that a company car is the best work perk an employer could offer, according to research by OSV Vehicles and Motoring.Its survey of 750 employees and 340 employers also found that a company car is the deciding factor for 19% of employee respondents ...
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ArticleLearn about car salary sacrifice schemes fit for the future at Employee Benefits Connect
Delegates that attend Employee Benefits Connect 2016 can gain insight into how to offer a car salary sacrifice scheme that is effective for employers and employees now and in the future.During a roundtable session entitled ‘How to provide a successful salary savings car scheme’, Alison Argall, business development director at ...
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ArticleEXCLUSIVE: Atos launches car salary sacrifice scheme
EXCLUSIVE: Digital services provider Atos has introduced a car salary sacrifice scheme for its 10,000 employees.The scheme, which launched on 1 February and is provided by SG Fleet, was initially communicated to employees with a teaser campaign in the run-up to the launch using a range of posters, flyers and ...
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ArticleWolseley UK introduces car salary sacrifice scheme
Heating, plumbing and building materials organisation Wolseley UK has introduced a car salary sacrifice scheme for all of its 6,500 employees.The scheme, provided by Zenith, was launched in November 2015 and the first car was delivered in early December.To date, 29 orders have been placed by Wolseley UK employees, three ...
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ArticleEXCLUSIVE: Carlsberg UK to launch car salary sacrifice scheme
EXCLUSIVE: Carlsberg UK is to launch a car salary sacrifice scheme for its 1,600 employees in spring 2016.The organisation is introducing the new scheme, provided by Car Salary Exchange, to broaden its employee benefits offering.The salary sacrifice arrangement will sit alongside Carlsberg UK’s existing company car offering. It will be ...
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Article
6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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Case StudiesNorth Yorkshire County Council offers green cars
North Yorkshire County Council has offered its 18,000 members of staff a car salary sacrifice scheme since 2010, but over the years, it has been necessary for the council to adapt its offering to better suit its workforce.Since it was first introduced, the scheme has expanded to offer staff more ...
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OpinionColin Tourick: Cost efficiency and green credentials among key drivers of change in company car schemes
The biggest driver of change has been the tax system. Benefit-in-kind (BIK) tax is based on the car’s carbon dioxide (CO2) emissions and the government cranks up the BIK tax rate every year. This encourages employees to choose cars emitting ever-lower levels of CO2, particularly diesels.Many employers now wish to ...
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Case StudiesDanone engages staff with company cars
Danone uses communication to ensure its longstanding company car scheme remains relevant and valued by staff.In September 2015, Danone launched a salary sacrifice car scheme as a separate benefit, which is offered alongside its existing company car plan. Both schemes are provided by Leaseplan.The new scheme is available to all ...
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AnalysisHow to make company car schemes appealing to today’s workforce
Need to knowPutting choice and flexibility at the heart of a company car scheme can increase engagement with the benefit.Employers must be mindful of the varied requirements and priorities of its workforce.Relevant and comprehensive communication provides employees with a full understanding of company car schemes and can boost take up.As ...
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ArticleCancer Research UK outsources company cars
Charity Cancer Research UK has outsourced its company cars to control costs, introduce fleet best practice and reduce administration.The organisation has outsourced the management of its 180 cars to provider Fleet Hire in order to run its scheme more efficiently.The charity operates a contract hire scheme, with a single badge ...
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ArticleBuyer's guide to car salary sacrifice schemes 2015
Despite worries over the future of salary sacrifice arrangements after the Government announced it intended to monitor such arrangements in its July 2015 Budget, car salary sacrifice schemes remain a popular choice with businesses and their employees.A report from consultancy firm OC&C in 2014 predicted car salary sacrifice could account ...
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ArticleThe Autumn Statement’s impact on employee benefits
On 25 November, chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review. Below is a summary of all the key announcements impacting employee benefits:Osborne announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The ...
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ArticleDiesel supplement to remain in company car tax to 2021
Autumn Statement 2015: The government will retain the diesel supplement in company car tax.There will be a 3-percentage point differential between diesel cars and petrol cars from April 2016 to 2021, when EU-wide testing procedures will ensure new diesel cars meet air quality standards under strict real world driving conditions.The ...
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Article
58 per cent of teachers say they do not have employee benefits
More than half (58%) of teacher respondents say that they do not have employee benefits, according to research by fleet management firm Tusker.Its survey of 330 teachers also found that just 9% of respondents are satisfied with their current employee benefits package.The research also found:41% of respondents name pay as ...
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Article
Company cars
The latest analysis, news, case studies and opinion in relation to company cars, including salary sacrifice car schemes.
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Analysis
48 - SG Fleet industry insight: turning car salary sacrifice on its head
When we speak to employers about car salary sacrifice schemes, the two main questions they typically ask are what if an employee leaves, and will there be a lot of administration? The answers depend on the scheme structure.There are two well-established ways to structure car salary sacrifice arrangements – novated ...