Switch to electric with salary sacrifice

Like cycle-to-work, but faster.

What is a salary sacrifice car scheme?

A salary sacrifice car scheme is an employee benefit that allows your team to access a fantastic range of electric vehicles at no upfront cost.

Our salary sacrifice car scheme offers a number of tax and personal benefits savings for the employee who pays for their electric vehicle from their gross salary before tax.

Why you should choose Octopus

What's included with our EV salary sacrifice scheme?

The whole package

We offer everything for you to hit the road in a brand new EV. Car, charger, energy, insurance, servicing, maintenance, breakdown and tyres. The lot.

Energy

4,000 free miles of home charging with Intelligent Octopus Go. No off-street parking? Get 4,000 miles of Electroverse credit to use across the UK's charging network.

Home charging

We'll install your home charger. This makes it easy for you to charge at night when power is cheapest. No queuing. No standing. No filling. Your car is ready to go when you are.

How does salary sacrifice work?

An electric car salary sacrifice scheme is a way for your employees to get an EV as an employee benefit and save on tax.

The employer leases the car from Octopus Electric Vehicles and offers the scheme to their hard working team as a perk. The employee pays for the car with a portion of their salary before taxes, saving money on tax and getting a brand new EV in return.

And we include everything that they need to hit the road in their shiny new electric car.

How can I get a car through salary sacrifice?

It's as easy as 1, 2, 3

Join the scheme
Take advantage of our salary scheme through your employer. If they've not signed up yet, send them our way. It's quick, easy and free to join.
Choose your EV
This is the really fun part. Speak with our expert team to discuss your EV needs, order your car and we'll deliver to you as soon as it's available.
Hit the road
All payments are taken from your salary automatically, so you have no extra bills to worry about. Our dedicated team are on hand to support whenever you need it.

Want to partner with us?

We work with a range of partners, including benefit providers and consultancies, to support their clients to drive electric. Refer your clients to give them access to our electric car salary sacrifice scheme.

Find out more

Trusted by the best

Being able to offer something that promotes cleaner transport has been a real benefit to helping our team live our mission of a more sustainable world – they are amazed at what a brilliant deal this is.

James McMaster

CEO at Huel

Octopus EV’s salary sacrifice scheme makes driving electric easy and affordable, helping our staff lead more sustainable lifestyles.

Helena Marson

Chief People Officer at Purplebricks

What is salary sacrifice?

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 this guide that explains why companies choose our salary sacrifice scheme.

How does my business sign up to the salary sacrifice scheme?

Setting up on the scheme is easy. Use our quote tool to see what we can offer you and your team. Once you've inputted your company details we'll give you a call to get you set up.

Does salary sacrifice affect tax returns?

When you agree to a salary sacrifice scheme, you agree to reduce your earnings (that's what you pay tax on) in exchange for something else. Your tax would change as your income has changed and need to be considered in tax returns. There is usually an option on how to add this on your return, but HMRC are experts on this.

Does salary sacrifice reduce net income?

Yes, you give up part of your gross income to pay for the car. This means your net pay will go down by the amount you pay for the car, minus your tax savings.

By essentially giving up a portion of your salary, the amount you get paid is reduced – which decreases the amount of income tax and National Insurance you pay.

Read more frequently asked questions about salary sacrifice here.