Grant Thornton launches salary sacrifice cars

EXCLUSIVE: Grant Thornton has launched a salary sacrifice car scheme for its 4,200 employees.

The scheme, which was rolled out in August and is provided by SG Fleet, caps carbon emissions at 130g/km to promote its green focus.

The professional services firm had previously offered a car leasing arrangement to staff, as well as a car allowance to its directors.

Martin Todd, head of reward and policy at Grant Thornton, said: “We are looking, as most companies are, at anything we can do through the salary sacrifice route. We’d obviously like to use the tax savings.”

He added that the organisation has had to consider several issues that arise for professaional services firms with salary sacrifice arrangements, for cars in particular, namely early termination risks and consumer credit. “From our perspective, SG Fleet has taken two of the most thorny issues for organisations like professional services away.”

The scheme was communicated using emails and the organisation’s intranet site, as well as an online video and posters across its 20 UK organisations.

Todd added: “SG Fleet also went along to our training centre with five or six cars for employees to take a look at.”