All Company cars articles – Page 21
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Article
Tusker appoints new contract administration manager
This article is written by our channel sponsor, TuskerInnovative contract hire and salary sacrifice leader, Tusker, has appointed a contract administration manager to head up a new department as part of the continued expansion of its business.Claire Pacey, joins the company from Zenith Provecta where she worked for seven years ...
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Article
West Lothian Council adds electric car to fleet
West Lothian Council has added an electric car to its 300-car fleet in a five-year deal with Automotive Leasing, the public sector division of fleet management organisation LeasePlan.Cairngorms National Park and Highland Council, both in Scotland, have also ordered electric cars through the fleet management firm for delivery later this ...
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Analysis
Salary sacrifice company cars: Case studies
Local authority adds early termination insurance to salary sacrifice car scheme, while banking group boosts retention by consolidating car benefits for all employees†Cheshire West and Chester CouncilCheshire West and Chester Council reduced the risks associated with its salary sacrifice car scheme by insisting that participating employees take out early termination ...
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Analysis
Salary sacrifice company cars: Choosing vehicles and providers
Key choices in cars and providers Interrogate providers on car choice, discounts, support and maintenance package, and also whether they understand the organisation’s needs. Look for an adviser with a good track record in this area. Employers must decide whether to put a cap on emissions before choosing the cars ...
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Analysis
Salary sacrifice company cars: How to promote a scheme
How employers should promote salary sacrifice car schemes to staff Carry out a staff survey before implementing the scheme. Work with the leasing provider to run workshops, roadshows, events and presentations, distribute flyers, posters and leaflets. Ensure the scheme’s online portal includes comprehensive FAQs, a detailed explanation of ...
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Analysis
Salary sacrifice company cars: Understanding the risks
Key risks and solutionsRisks Early termination/employees leaving the business. Employees no longer able to sacrifice, normally because of moving to lower statutory pay because of maternity leave or long-term absence. Possible longer-term impact on pension expectations.Solutions Early-termination insurance. Passing on the cost to the employee. A contingency or buffer fund. ...
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Analysis
Salary sacrifice company cars: How to implement a scheme
Top tips for set-up Find out how much employee demand there is for the benefit. Seek specialist tax advice. Ensure the launch fits in with any other new benefits planned. Make sure the portal highlights tax breaks and explains the commitment staff are making.Employers must do a lot of groundwork ...
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Analysis
Salary sacrifice company cars: What is salary sacrifice?
The advantages of offering a salary sacrifice car scheme A tax-efficient benefit for employees and, to a lesser extent, employers, at little or no cost to the business. A useful retention, engagement and motivation tool. Employees get hassle-free access to a car they may not have been able to afford ...
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Case Studies
Case study: Santander consolidates car offering with salary sacrifice scheme
Banking giant Santander introduced a salary sacrifice car scheme to consolidate its car offering for all its 30,000 UK staff after acquiring high-street brands, such as Abbey National, Bradford and Bingley and Alliance and Leicester.The scheme was launched in October 2011 and by the end of January 2012 had a ...
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Case Studies
Case study: Cheshire West and Chester Council reduces salary sacrifice car scheme risks
Cheshire West and Chester Council reduced the risks associated with its salary sacrifice car scheme by insisting that participating employees take out early termination insurance.Debbie Thompson, reward manager at the council, says: “It is very important to make some decisions up front. If you have decided where you are coming ...
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Article
EXCLUSIVE: NATS introduces salary sacrifice company car scheme
National Air Traffic Services (NATS) has launched a salary sacrifice company car scheme as part of a wider programme to support its 4,500 staff in making low-emission travel choices.The air traffic management firm already offers a bikes-for-work scheme, car-share scheme, and shuttle bus from the local train station to its ...
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Article
Flying car in test phase
Employers offering company car schemes might soon be able to consider adding a flying car to their list of choices.After all, the American flying car, dubbed Transition, from aviation company Terrafugia, would certainly help employees beat the traffic. It has just completed its first flight at 1,400 feet for eight ...
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Article
Business drivers take steps to reduce fuel consumption
Half of business drivers have altered their driver behaviour in an effort to reduce fuel consumption, according to research by ALD Automotive.The survey of 1,000 employee drivers also found that 50% of respondents shop around for the cheapest fuel available.†Two-thirds (65%) of respondents drive slower and more smoothly in an ...
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Analysis
Salary sacrifice company cars: Building a business case
Key selling pointsSupporting employees to drive low-CO2 cars. Significant enhancement of the reward package. Ability to deliver a saving to the employer. Reduces grey fleet and associated health and safety issues. Positive recruitment and retention tool. n Typical saving of up to 35% compared with leasing and insuring a car ...
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Analysis
Salary sacrifice company cars: What are the tax breaks?
Forthcoming tax changesFrom April 2013The 5% BIK rate threshold will still apply to cars emitting 75g/km of CO2 or less, but the 10% threshold will be narrowed still further, to a maximum of 94g/km. Cars emitting 95g/km upwards of CO2 will attract a BIK rate of between 11% and 35%, ...
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Analysis
Salary sacrifice company cars: Sponsor's comment: A strong benefit to drive value
A salary sacrifice company car scheme has much to offer but brings a lot to consider, says Ian Hughes, commercial director at Zenith.It is nearly two years since we last sponsored the How to manage salary sacrifice company cars guide with Employee Benefits, and three and a half years since ...
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Article
EXCLUSIVE: BA to introduce car discount scheme and switch company car provider
British Airways (BA) is to introduce a car discount scheme and new dedicated reward website for its 38,000 employees, and switch provider of the company car scheme for its 200 senior staff.A key issue for the airline when offering company cars is alignment with its wider business policy of minimising ...
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Article
Siemens adds electric cars to UK fleet
Siemens has added its first electric cars to its UK fleet, as part of an overall corporate approach to sustainability.The Nissan Leafs, provided by Lex Autolease, will be used in Lincoln by employees making trips to the engineering and technology firm’s sites and its University of Lincoln Engineering Hub.Siemens has ...
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ArticleHow to manage: Salary sacrifice company cars 2012
Download a PDF of the How to manage salary sacrifice company cars guide 2012What is salary sacrifice?What are the tax issues?Building a business caseHow to implement a schemeUnderstanding the risksHow to promote a schemeChoosing vehicles and providersCase studiesSponsor’s comment: Ian Hughes, commercial director at ZenithEditor’s comment:Making savings on the ...
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Analysis
Fuel-efficient cars pay off
If you read nothing else, read this... Manufacturers have been investing a lot of time and energy in developing eco-friendly cars, and most now offer hybrid ranges. When considering electric cars, it is important to look at journey type and access to recharging points. Selection should be about the efficiency ...