Getting Started

How to Get Started with a Salary Sacrifice Electric Vehicle Scheme with Britannia Car Leasing

A salary sacrifice electric vehicle (EV) scheme through Britannia Car Leasing is an efficient and tax-friendly way for employees to drive a brand-new electric car. The scheme is not only cost-effective but also helps reduce your carbon footprint by encouraging the switch to zero-emission vehicles. Here’s a detailed guide to getting started.

Step 1: Check if Your Employer Offers the Scheme

The first step is to verify whether your employer has partnered with Britannia Car Leasing to provide a salary sacrifice scheme specifically for electric vehicles. This is a crucial step, as not all companies may have such a scheme in place. If your employer does not yet offer it, you can refer them to our team who will contact them to discuss the scheme and get them on board.

Step 2: Choose Your Electric Vehicle

Once the scheme is confirmed, you can browse through the wide range of electric vehicles available through Britannia Car Leasing. The choice of EVs is extensive, ranging from compact city cars to luxury models, allowing you to find the perfect fit for your needs and lifestyle. Electric vehicles are highly tax-efficient due to their low Benefit-in-Kind (BiK) rates, which means you’ll enjoy considerable tax savings compared to traditional petrol or diesel vehicles.

Step 3: Understand How the Scheme Works

With a salary sacrifice scheme, the cost of leasing your chosen electric vehicle is deducted directly from your gross salary before tax. This means that your taxable income is reduced, leading to lower Income Tax and National Insurance contributions. The savings can be significant, particularly with electric vehicles, which are subject to much lower BiK rates than their combustion-engine counterparts.

The monthly deduction typically includes not just the lease of the car, but can also include other costs such as, servicing, maintenance, and breakdown cover for an additional cost. This all-inclusive package makes budgeting easy, as you won’t have to worry about unexpected expenses related to your car.

Step 4: Enjoy the Benefits of an Electric Vehicle

In addition to the tax savings, driving an electric vehicle has many benefits. EVs are cheaper to run than petrol or diesel cars, with lower fuel costs and less maintenance required due to fewer moving parts. 

Electric vehicles are better for the environment, producing zero tailpipe emissions, which helps improve air quality and reduce your carbon footprint. By opting for an EV through a salary sacrifice scheme, you’re not only saving money but also contributing to a cleaner, greener future.

Step 5: Finalise the Agreement

Once you’ve chosen your vehicle and confirmed the monthly payments with your employer, Britannia Car Leasing will handle all the logistics, from delivery to ongoing support. You’ll receive your new electric vehicle without the hassle of arranging separate insurance, servicing, or maintenance, as these are all included in the scheme. It’s a stress-free and cost-effective way to drive a brand-new EV.

A salary sacrifice electric vehicle scheme with Britannia Car Leasing is a simple, tax-efficient way to switch to an electric car. You can enjoy significant savings on tax and National Insurance, benefit from lower running costs, and contribute to a more sustainable future.

Refer Your Employer

Fill out the form below and our team will be in touch to help get you and your employer started with a salary sacrifice scheme.