Drive employee satisfaction and company savings with our electric car salary sacrifice scheme.
There are lots of great reasons for switching to an electric car through a company salary sacrifice scheme.
Not only does GRIDSERVE give you the whole package, but you can pick from the very latest electric cars and you'll be helping move the needle on climate change by switching to a zero-emission EV.
Read through our salary sacrifice guide for more information on what the scheme is and how it works.
Salary sacrifice allows you to get the best electric cars at the most affordable prices. Because you'll pay for your new electric car through your gross monthly pay, you'll save on Income Tax and National Insurance.
The GRIDSERVE salary sacrifice scheme is free to join and easy to apply. For more information read our Employee's guide.
1.
Complete the enquiry form below and our team will help your employer get set up.
2.
Pick one of the fantastic brand-new electric cars available on our site.
3.
The agreed cost is deducted from your gross pay each month.
Check out our video on how salary sacrifice scheme works below. Whether you're an employee or an employer, this video is a must-watch if you want to learn more about the benefits of the GRIDSERVE Salary Sacrifice.
GRIDSERVE’s mission is to deliver sustainable energy on the scale needed to move the needle on climate change.
“We build unrivalled hybrid solar farms to generate planet-friendly energy and we deliver that power to EV drivers across the UK through the GRIDSERVE Electric Highway." – Toddington Harper, CEO, GRIDSERVE
GRIDSERVE can significantly reduce the cost of electric vehicles for your staff, helping you retain your best workers while simultaneously enhancing your organisation's environmental credentials.
The GRIDSERVE electric car salary sacrifice scheme is free to join and easy to manage. For more information read our Employer's guide.
Angelo M, March 2023
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*With every new lease you will receive three months' charging included at any one of our 180+ public charging sites on the GRIDSERVE Electric Highway including Electric Forecourts®.
Once an employer has opted to set up a salary sacrifice scheme, employees will be able to choose from a list of approved electric cars.
Your company will then lease your chosen EV from a leasing company, such as GRIDSERVE Car Leasing, through a business contract hire agreement, normally lasting between two to four years. To cover the cost of the monthly payments, your company will deduct these from your monthly salary and pay the leasing company.
Leasing an electric vehicle through a salary sacrifice scheme can be up to 40% cheaper than the amount you would pay through a personal lease. This is because the monthly lease payments are deducted from the employee’s salary at source, which means ‘before tax’, so the employee doesn’t have to pay any income tax or NIC on them.
A company car allowance is where a lump sum is added to your salary by your employer to put towards a car – both buying or leasing, plus running costs. You’ll be responsible for sourcing, maintaining and insuring the vehicle – think of it more like regular personal ownership.
Unlike salary sacrifice, the additional allowance is taxed at the same rate, so you won’t benefit from income tax and National Insurance contributions. However, with a company car allowance, there’s no BiK tax to pay.
The headline figures are that salary sacrifice can be up to 40% cheaper than leasing or buying outright.
Remember, you will still have to pay a small amount of Benefit-in-Kind (BiK) tax (also known as company car tax) but for electric cars, this is extremely low compared to petrol and diesel equivalents.
For employees, electric car salary sacrifice schemes are a great perk, allowing you to get behind the wheel of the latest vehicle for a fraction of the cost.
The incentive for an employee to lease an electric car through their company is an obvious one, but electric car salary sacrifice schemes are increasingly popular with employers, too.
And what’s even better is that there is absolutely no cost to set up the scheme.
The words salary and sacrifice don’t sound like they should go together for anyone looking to improve their finances… but that’s where you’re wrong, especially if you’re looking to make the switch to an electric car.
Electric car salary sacrifice schemes are great for both employers looking to recruit and retain the best talent, as well as employees who can take advantage of the huge financial benefits.
Salary sacrifice means trading in a portion of your pre-taxed annual salary in return for goods or services - in this case a brand new electric car.
Employee schemes have been popular for years with companies looking to offer generous staff benefits and often include healthcare, gym membership or increased pension contributions. By using salary sacrifice, it allows employees to make savings on income tax and National Insurance Contributions (NIC).
Electric car salary sacrifice schemes are increasingly common as they allow employees to drive away in a brand new EV for a fraction of the cost of regular leasing or outright purchase. Similar to the Cycle-to-work scheme.
Most employers will be able to set up a salary sacrifice scheme, so long as employees agree to an amendment to their contract. It’s important that employees take the time to thoroughly review and understand the electric car salary sacrifice scheme’s terms and conditions, as certain restrictions may be in place.
It’s also worth noting that any arrangement must not reduce an employee’s cash earnings below the National Minimum Wage, either.
Not all employees may be eligible for the electric car salary sacrifice scheme. For example, most companies will expect the employee to be employed on a full-time basis and in possession of a valid driver’s licence, as a minimum.
There’s plenty of reasons to choose us, not least the fact that GRIDSERVE offers you the choice of any electric car on sale, backed up by the GRIDSERVE Electric Highway, our nationwide EV charging infrastructure that includes the award-winning Electric Forecourts® with EV Gurus on hand to provide expert advice.
We’ll also provide roadshows across the UK to support employees in making the switch, facilitating charging tutorials and test drives in our demo fleets so you can experience the technology before signing up.
Our scheme offers the following in a single deduction from your monthly salary:
Home wallbox installation is offered as an add-on. The cost will be spread over the contract length with the instalment added to the one single deduction.