Your Octo-Pack

Salary sacrifice is an employee benefits scheme that allows you to pay for a car out of your gross monthly pay. Because this payment comes out of your pay before any tax, it reduces your salary and in turn lowers your income tax and national insurance payments too.

Money that you'd normally never see (because it goes straight out of your pay to HRMC) goes directly towards paying for your car. This makes it a very cost-effective way to lease an electric vehicle and allows you to save up to 40% on the cost of an electric car.

Check out the ultimate guide to EV salary sacrifice here.

As part of your salary sacrifice package, you can choose:

1. £400 off the Octopus Charge home EV charger, installed by Octopus Energy Services.
2. £400 of home charging credit on an Octopus Energy EV tariff
3. £400 of Electroverse public charging credit

You can read the full T&Cs for our charging offer here.

You can save up to 40% of the price of an EV on salary sacrifice, but the exact amount depends on the car you choose and your tax bracket. The way it works is that what you would usually pay towards tax instead goes towards your vehicle, making the amount you pay for the EV actually less. No upfront costs either.

And don’t forget about all the extras that come as standard on our salary sacrifice scheme like a charging offer that suits you, insurance, maintenance, breakdown and replacement tyres.

There are no set up fees for salary sacrifice and no upfront payments. There may be charges in circumstances of excess mileage, certain early termination circumstances, end of contract damages or fines.

Employees have the option to:

1. Extend their lease
2. Sign onto a new lease
3. Hand their car back

Our dedicated Customer Operations team will notify drivers their lease is coming to and end and offer support deciding next steps.