All Company cars articles – Page 16
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ArticleCO2-emissions limit top driver of car choice
Nearly two-thirds (62%) of respondents cited a carbon dioxide (CO2) emissions limit as the top criteria for employee’s company car choice, according to research by GE Capital’s fleet services division.Its Company car trends research, which surveyed 200 fleet decision makers, found that other criteria included the car’s fitness for purpose ...
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AnalysisTop ways to save on car running costs
If you read nothing else, read this…Savings can be made by choosing the right cars to offer employees.Fuel is the biggest area where savings can be made.Car telematics can monitor how employees drive.Driver training can teach staff driving techniques that can save on costs such as fuel. Short and long-term ...
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Article
Capital One awarded best staff travel policy
Capital One won the award for Best staff travel policy at the Employee Benefits Awards 2014.Read why the organisation won the award.The Employee Benefits Awards 2014 were held on 27 June 2014 at the Artillery Garden at the HAC London.
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ArticleGuide Dogs Association launches salary sacrifice cars
The Guide Dogs for the Blind Association has launched a salary sacrifice car scheme for 1,200 eligible employees.The UK-wide charity has signed a four-year contract with Leasedrive, which will supply its Mycar scheme to the organisation.As a registered charity, Guide Dogs is also able to make use of the benefits ...
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Case StudiesAsda makes savings with company car scheme
The retailer has more than 150,000 staff and introducing the scheme, provided by Zenith, has helped the organisation and its employees to save on car running costs.To date, Asda has saved about £6,000 per company car compared to the cost of providing a cash allowance. Savings are made on fuel, ...
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Article89% of fleet drivers have faked mileage claims
Nine out of 10 (89%) respondents have submitted an inaccurate mileage claim to their employer, according to research by car hire organisation Flexed.co.uk.Its research, which surveyed 1,200 company car drivers, found that 63% of respondents had added personal miles to their work driving total for personal gain.The research also found:20% ...
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ArticleHMRC loses company car tax case
Six companies in the Newell and Wright group, including Apollo Fuels, provided cars to managers and salesmen under an arrangement whereby it leased the cars to the workforce in an ’arm’s length’ hire rental.Employees were paid for business mileage at the same rate as colleagues who used their own cars ...
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ArticleKFC launches salary sacrifice car scheme
EXCLUSIVE: KFC has launched a salary sacrifice car scheme for more than 950 eligible employees.The restaurant chain has included an emissions cap at 130g/km to help improve the organisation’s green credentials and help employees to make tax savings.The current lowest tax band, of 5%, is applied to all cars emitting ...
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AnalysisSummer driving tips for employees
If you read nothing else, read this…Employees who drive abroad should perform essential car maintenance checks, such as oil, cooling fluid and tyre pressure.Drivers should familiarise themselves with the driving rules in the countries they plan to visit, which can vary. A leasing firm can advise an employee on the ...
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Article
Rugby union shortlisted for best travel policy
Capital One and The Rugby Football Union are among the employers that have been shortlisted for the award ‘Best staff travel policy’ at the Employee Benefits Awards 2014.For this award, the judges were looking for a successful strategy that has made company cars and travel benefits effective in an organisation.The ...
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Case Studies
The benefits offered by Fujitsu UK and Ireland
PensionA trust-based defined contribution (DC) scheme with employer-matched contributions up to a maximum of 10%.Two legacy defined benefit (DB) schemes, closed to new entrants and to future accrual.One DB plan that is selectively open to new members, such as staff that transfer to Fujitsu from the public sector. HealthcarePrivate medical ...
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ArticleHay Group reviews benefits to fund auto-enrolment
EXCLUSIVE: Hay Group has undertaken a full review of its employee benefits to help fund the cost of auto-enrolment.The global management consultancy, which has around 350 employees, reached its auto-enrolment staging date on 1 February 2014.Charlotte Koch (pictured), head of HR at Hay Group, said: “Auto-enrolment allowed us to take ...
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AnalysisKey issues around fleet salary sacrifice schemes
Estimates for the number of cars covered by salary sacrifice schemes vary, but a realistic figure would be 50,000-75,000, and this figure is expected to grow in coming years.The number of providers has also increased significantly and recent focus has been on the ‘employee experience’. Many suppliers are concentrating on ...
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AnalysisAll employers need to know about car salary sacrifice schemes
If you read nothing else, read this…Salary sacrifice car schemes are typically low-cost or cost-free for an employer to introduce.Low-emission cars are popular in schemes because of available tax breaks.Employers can put buffers in place to protect themselves from early termination fees and long-term absence of scheme members.Knowing how to ...
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AnalysisKey messages for staff about car salary sacrifice schemes
If you read nothing else, read this…Employers should tell staff about potential savings on income tax and national insurance.Employees need to know that company car tax bands will change every year until 2016-17, which could affect a scheme’s cost.Employees may incur early termination costs if they leave the scheme or ...
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ArticleCompany car tax rates to increase from 2017
Budget 2014: The government has increased the company car tax rates by two percentage points.In tax year 2017-18 and 2018-19 the appropriate percentage of list price, subject to tax, will increase by two percentage points (to a maximum of 37%) for cars emitting more than 75g of carbon dioxide per ...
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ArticleFuel duty to be frozen until 2015
Budget 2014: The government has confirmed fuel duty will remain frozen until spring 2015.Chancellor George Osbourne cancelled the fuel duty increase planned for September in his 2014 Budget. This was previously announced in the Autumn Statement.It means employees with company cars will save £11 every time they fill up their ...
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ArticleOnly 16% of employees would consider an electric company car
Only 16% of respondents would consider an electric car as their next company car, according to research by the Leasedrive Group.Its research, which surveyed 534 employee drivers, found that 51% of respondents would not consider an electric car, while 33% were unsure.More than a third (35%) of respondents cited a ...
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ArticleSalary sacrifice cars to see big growth in flex
Some 22% of respondents plan to add this perk to flex, while 10% of employers plan to add low-emission cars to their plans.Some 18% of employers currently offer salary sacrifice cars and 11% of employers currently offer low-emission cars through their flex plans. Dining cards, such as Tastecard and Gourmet ...