Here’s How to Get Your Boss to Say Yes to a Salary Sacrifice Car Scheme

Do you love the thought of being able to get a brand-new vehicle for less, saving up to 40% in taxes, but don’t think your boss will be up for it?

We’re here to help you!

Convincing your boss is easier than you think, we promise. You just need all the facts to make your case and you will be well on your way to selecting your brand-new electric car through your work’s new Salary Sacrifice Car Scheme.

The Facts

For an employer the key benefits of rolling out a Salary Sacrifice Car Scheme are as follows:

• Reduction in employer National Insurance contributions
• It’s an attractive incentive for getting the best new employees
• It’s an attractive incentive to keep existing employees
• It fuels the company’s green and sustainable ethos (if fleet cars are electric)
• Option for early termination insurance if the employee’s contract finishes before the lease agreement ends
• Vehicle fleet discounts available at the corporate rate

For their employees, the benefits are:

• The employee (aka you) gets a brand-new vehicle which exists within the scheme
• The employee pays less tax and National Insurance
• Access to corporate discounts combined with tax savings getting a new car for less than outside of the scheme
• The agreement includes servicing, maintenance, and road tax
• Easy fixed monthly payments with no credit check
• A home charger can be included with the lease

So now you have the facts, how do you bring it up in conversation?

Below is an email template and a few ways you could bring Salary Sacrifice Car Schemes up in conversation with your Employer.

Idea 1: Send an email

You can use the email template below to send to your employer to suggest a Salary Sacrifice Car Scheme:

SUBJECT LINE: [Insert your Boss’ Name], Have you heard about Salary Sacrifice Car Schemes?

Hi [Insert your Boss’ Name],

Have you heard about Salary Sacrifice Car Schemes which would save the company money and help us?

Apparently, only 6% of businesses know that this sort of scheme exists and I think it would be brilliant for our team and future recruitment. 

A Salary Sacrifice Car Scheme is essentially where employees sacrifice a portion of their salary for a brand-new vehicle. It is a great incentive to retain and gain new employees. There is more about the scheme and what it involves here: https://www.osv.ltd.uk/what-is-salary-sacrifice/

However, the great benefits to you as an employer are:

• The reduction in employer National Insurance contributions
• It’s an attractive incentive for new and existing employees
• It fuels the company’s green and sustainable ethos (if fleet cars are electric)
• There is the option for early termination insurance if the employee’s contract finishes before the lease agreement ends
• We would have access to vehicle fleet discounts at the corporate rate
• There is no additional cost to the employer

The scheme is set up by a company called OSV Ltd which has been trading since 1997 so is well placed to help get this up and running for us. Would this be something we could book a call with them to discuss?

Thank you for your consideration.

[Insert your name here]

Idea 2: Talk to Your Boss

Your Boss might work better face-to-face, so here are some talking points you could use:

• Did you know that only 6% of businesses take advantage of Salary Sacrifice Car Schemes? Have we ever explored a scheme like this that benefits both the employer and the employee?
• I think a Salary Sacrifice Car Scheme would help greatly with our recruitment drive as it’s a brilliant perk to have with up to 40% in tax savings
• I’ve been thinking of ways we could increase our employee retention and came across a Salary Sacrifice Car Scheme. Essentially you sacrifice a portion of your salary before tax for a brand-new car.
• Setting up a Salary Sacrifice Car Scheme for the business has great benefits such as reduced National Insurance contributions from the employer and is no additional cost to set up

Idea 3: Book a FREE Consultation

Another way to talk to your Boss about Salary Sacrifice is to book a FREE no-obligation consultation with the OSV’s Salary Sacrifice Experts who can support you in going over all the ins and outs of a Salary Sacrifice Car Scheme, what it means for both the employer and employee, how it works and the best route to get this set up.

Our experts are on hand to help and would be more than happy to run through the journey of implementing a Salary Sacrifice car scheme for you and your employer.