Sherwood Forest Hospitals renews contract for salary sacrifice car scheme

Sherwood Forest Hospitals NHS Foundation Trust has renewed the contract for its salary sacrifice car scheme.

Its mycar scheme, which was introduced three years ago and is provided by Leasedrive Group, enables employees to save on tax and national insurance by paying for their cars through a salary sacrifice arrangement.

Anne Burton, staff support and benefits co-ordinator at Sherwood Forest Hospitals NHS Foundation Trust, said: “We are very happy with the mycar scheme and the service from Leasedrive.

“Any issues that have come up along the way, whether it be HR or HM Revenue and Customs requirements, Leasedrive has dealt with them effectively, taking the weight from my shoulders.

“We have had a lot of interest from other hospital trusts enquiring about the mycar scheme and how it works. In the current economic climate it is very useful to have another benefit to be able to reward staff.”

Pete Nolan, national sales manager at Leasedrive Group, added: “We also help the trust to monitor its emissions savings as employees give up older, more polluting cars for newer, more environmentally-friendly ones.

“The salary sacrifice scheme encourages employees to choose a lower CO2-emitting car because they have to pay benefit-in-kind tax. This means that, as well as saving the trust on average £700 a year in national insurance for every employee that joins the scheme, mycar is also helping to meet environmental targets.”

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