Salary Sacrifice Eligibility
If you’re here, you’re probably asking yourself whether you’re eligible to join our EV Salary Sacrifice Scheme. So, here’s the answer:
To be eligible you must be working for a company that offers our Salary Sacrifice Scheme, and:
- Be a permanent employee, on a permanent contract, and paid via PAYE
- Have completed your probationary period
- All drivers must hold a full licence from the UK, EU, EEA or one of the following countries; Andorra, Australia, Barbados, British Virgin Islands, Canada, Falkland Islands, Faroe Islands, Hong Kong, Japan, Monaco, New Zealand, Republic of Korea, Singapore, South Africa, Switzerland, USA or Zimbabwe
- Be able to afford the EV salary sacrifice (meaning that your revised salary, after taking into account your salary sacrifice, exceeds the National Living/Minimum Wage and the Lower Earnings Limit for NIC purposes).
- Not be planning on retiring or resigning during the term of the agreement
- Not planning to leave the UK for more than six months (for personal or business reasons)
You can join the Scheme at any time during the year. Your payment will be deducted from your pay packet (pre-tax) in the month after your car is delivered. These payments will continue for the duration of the entirety of your agreed lease.
You are responsible for notifying your employer’s payroll and/or HR representatives of any changes to circumstances which might affect your eligibility pre-delivery and throughout your lease.
Insurance eligibility
Some of our Salary Sacrifice Schemes offer insurance as part of the scheme, if your scheme offers it, you’ll need to meet the insurance eligibility.
Can I afford an EV on Salary Sacrifice?
This is mostly a personal decision. However, your earnings must not dip under the National Living/Minimum wage (and the Lower Earnings limit) after your salary sacrifice deduction, and any other deductions (like your Pension or any additional perks such as childcare and healthcare) have been made.