All Company cars articles – Page 3
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Case StudiesBenefits on offer at Atradius
Pension and group riskTrust-based defined contribution pension with 12% employer, 3% employee minimum contributions.Additional voluntary contributions.Group income protection benefit that pays 75% up to state retirement age.Life assurance at 10-times salary.Healthcare and wellbeingPrivate medical insurance (PMI), subsidised for all employees. Employees pay £30 per month for individual cover and up ...
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ArticlePenderyn Distillery launches electric vehicle salary sacrifice scheme
Welsh whisky and spirits distillery Penderyn Distillery has introduced an electric vehicle salary sacrifice scheme for its workforce.The employer, which operates across two sites in the Brecon Beacons, appointed Edinburgh-based fleet management business Gofor to manage the scheme, designed to suit Penderyn’s specific objectives.Its goal was to make the switch ...
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ArticleSpring Budget 2023: Freeze on fuel duty for 12 months
Spring Budget 2023: The government has frozen fuel duty for another 12 months, according to Chancellor of the Exchequer Jeremy Hunt's speech to the House of Commons today (15 March 2023).Hunt told the Commons that he would extend the 5p per litre cut in duty on petrol and diesel and ...
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AnalysisBuyer’s guide to car salary sacrifice schemes
Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook, the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022.What are car salary sacrifice schemes?A car salary sacrifice scheme allows ...
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Case StudiesThe benefits offered by Wave
The benefits on offer at Wave:PensionA master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees.Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Employees can contribute as much as ...
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OpinionPaul Gilshan: Salary sacrifice car schemes are a highly-valued benefit
With the current challenges for employers around the recruitment and retention of staff, and research showing that wage increases alone are not enough to combat these challenges, it is widely accepted that employers can instead focus on benefits packages that provide real-world benefits. Packages that employees genuinely value are what ...
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Case StudiesBenefits offered by Funding Circle
The benefits on offer at Funding Circle:PensionA group personal pension (GPP) plan for all employees once they have passed their probation, but they are able to opt-in. Matched employer contributions up to 5%.Healthcare and wellbeingPrivate medical insurance, employer paid for all employees at level one, including medical history disregarded. Employees ...
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ArticleDanny Morgan: Employers need to take a comprehensive approach to electric cars
The electric car ball is well and truly rolling.Fleets and businesses have been behind the initial spike in electric vehicle (EV) demand thanks to generous grants and tax incentives that meant a Tesla was more cost-effective than a BMW; the traditional darling of the company car scene.Now, though, EV sales ...
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Supplier article5 advantages of the Car Benefit scheme
The Car Benefit scheme is fast becoming one of the most popular employee benefit schemes available today.A salary sacrifice scheme, the Car Benefit scheme allows employees to drive a brand-new car, including electric vehicles and ULEVs, and pay through their salary making great savings in the process.The scheme provides one ...
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Case StudiesAnglian Water addresses environmental impact with electric car salary sacrifice
Utility firm Anglian Water has introduced a salary sacrifice arrangement for electric vehicles for its 5,000 employees.The scheme went live in early May and in the first six weeks around 20 orders have already been placed. Sally Purbrick, head of reward at Anglian Water, says: “We wanted to support our ...
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AnalysisAre car schemes still a valued employee benefit?
Need to know:Company car take-up has fallen in recent years as overall tax levels have risen.Electric cars benefit from lower rates and are now the focus for many employers.These are increasingly being offered via salary sacrifice rather than on a company-paid basis.For many years, the traditional company car scheme was ...
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ArticleThe top 10 most-read articles between 17 June – 23 June 2022
The top 10 most-read stories on employeebenefits.co.uk between 17 June and 23 June 2022 were: Biffa awards refuse staff a minimum 24% pay riseFunding Circle introduces wellness allowance and enhances benefitsPremier Foods introduces modern working policiesRolls Royce awards staff £2,000 to help with cost of livingUber drivers strike over pay ...
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ArticleEXCLUSIVE: 9% of UK employers have amended fleet policy due to homeworking
Just 9% of UK employers have amended their fleet or mobility policy following the increase in homeworking, according to research by Arval Mobility Observatory.According to its 2022 Barometer report, which surveyed fleet decision makers in in Europe and the UK, 86% in the UK have not made a change to ...
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ArticleHSBC offers electric car leasing to 35,000 UK employees
Global banking organisation HSBC has launched a benefit enabling its 35,000 UK-based staff to lease a new all-electric vehicle through a salary sacrifice arrangement, with the option to buy at the end of the term.The business has implemented this benefit with a view to helping employees become more sustainable in ...
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ArticleUnum UK introduces electric vehicle salary sacrifice scheme
Employee benefits provider Unum UK has launched an electric vehicle (EV) salary sacrifice scheme for its 800-plus permanent employees, to coincide with Earth Day (22 April).The initiative, backed by the Octopus Electric Dreams Car Scheme, allows staff to choose from a wide range of EV models with no up-front payment ...
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Case StudiesThe benefits offered by London City Airport
The benefits offered by London City Airport:PensionDefined contribution pension scheme with salary sacrifice option. Employer contributions range from 4% to 10%, depending on length of service.Healthcare and wellbeingEmployer-paid private medical insurance (PMI) for all employees after five years' service. After 10 years, they receive family PMI cover. Any employee can ...
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ArticleStantec UK launches electric vehicle salary sacrifice scheme
Stantec UK, an international services provider to the design and consulting industry, has introduced a flexible salary sacrifice scheme to encourage employees to use electric and hybrid vehicles.The business, which has 20 offices in the UK and is a part of a global consultancy with 350 locations and 22,000 employees ...
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ArticleThe top 10 most-read articles between 18 February – 24 February 2022
The top 10 most-read stories on employeebenefits.co.uk between 18 February and 24 February 2022 were: How to make the case for electric company car schemesEXCLUSIVE: 80% rise in worker Covid death pay outsWhat is the key to happiness at work?K2 drives sustainability through electric vehicle schemeAccu to move to four-day ...
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Case StudiesK2 drives sustainability through electric vehicle scheme
With sustainability a key focus for employee relocation firm K2 Corporate Mobility, electric vehicles were an obvious area to explore when the business sought to add to its benefits package.Andrew Hayward, chief financial officer, who oversaw the project, says: “We wanted to do something that would support our employees financially ...
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OpinionProfessor Peter Wells: There’s never been a better time for employers to go electric
There has never been a better time for employers to encourage electric car ownership, or for employees to appreciate the benefits.There are major savings to be had for individuals, including with the plug-in car grant, benefit in kind, and salary sacrifice schemes, while several car manufacturers are offering to help ...