All Company cars articles – Page 22
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Article
Tusker shortlisted for business excellence award
This article is written by our channel sponsor TuskerContract hire and salary sacrifice specialist Tusker has been shortlisted for a prestigious Regional Business Excellence Award for the outstanding products and services it provides to fleet customers.Tusker has been shortlisted for the award of Large Business of the Year for those ...
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Article
Many business drivers would not switch to electric cars
More than half (68%) of drivers would not change their existing company car for an electric car, according to research by ALD Automotive.The research, which surveyed 1,000 employee drivers, found the main reasons for this include: a lack of suitable models on offer (60%) and a lack of charging points ...
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Article
Care needed when setting up salary sacrifice schemes, says Tusker
This article is written by our channel sponsor, TuskerCompanies must take care when setting up salary sacrifice schemes to ensure they don’t take employees below the minimum wage level, says salary sacrifice car specialist, Tusker, whose market leading system has an inbuilt fail-safe to ensure employees can’t surrender too much ...
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Article
Zipcar launches salary sacrifice scheme
Zipcar has launched a salary sacrifice arrangement for employers to offer to staff.The car-sharing organisation offers access to a range of low-carbon cars on a pay-as-you-go basis, for anything from one hour to a week at a time.The salary sacrifice scheme allows employees to sacrifice a specified amount of their ...
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Article
Salary sacrifice take up can be significant, says Tusker
This article is written by our channel sponsor, TuskerContrary to some reports, take up of salary car schemes IS significant and averages 8.3% among eligible employees, according to Tusker who has been running its salary sacrifice car scheme, SalarySacrifice4Cars (SS4C) for over three years.A recent survey by fleet managers’ trade ...
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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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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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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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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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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: 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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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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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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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. ...