Fleet provider Venson Automotive Solutions has launched a salary sacrifice scheme with built-in risk elimination for employers.
The provider said Venson Advantage has been launched due to demand from customers who want to save on national insurance contributions, cut carbon footprint, improve duty of care by encouraging those who use grey fleet into company cars, and to add another flexible option to customers’ employee benefits.
Venson’s managing director Samantha Roff said: “With a series of tax and national insurance rises imminent and the current benefit-in-kind tax system encouraging the uptake of low emission company cars, the financial position of vehicles in comparison with cash allowances will improve.
“All companies and their employees who are in receipt of a cash allowance should recalculate whether they would be better off returning to the traditional company car.”
Venson currently has almost 12,000 company cars and light commercial vehicles on lease or under fleet management.
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