Inchcape Fleet Solutions launches salary sacrifice company car scheme

Inchcape Fleet Solutions has launched a salary sacrifice company car scheme with risk elimination following demand from employers.

The Justdrive scheme delivers a range of flexible insurances to safeguard employers against unforeseen termination charges if an employee leaves the company.

An online portal will help employees in the decision making process with a range of driver touchpoint information, including a cost calculator and vehicle choice list.

Inchcape Fleet Solutions’ managing director Terry Bartlett said: “We have added a salary sacrifice scheme to our range of vehicle funding options due to massive interest from existing clients.

“Many of our clients already offer their employees a wide range of salary sacrifice options as part of their menu of flexible staff benefits and they want to add a company car scheme to that portfolio.

“Salary sacrifice works best when substituting salary for a taxable benefit at a much lower rate.

“With personal rates of tax high and set to increase and benefit-in-kind tax rates favouring low emission company cars we could see more cars being offered as perks just as we saw in the 1980s. In the future, salary sacrifice will play a major part in remuneration strategy in relation to cars.”

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