EV Salary Sacrifice and ETI explained

Jacksonlee 1 February 2023 All Blog, Feature Stories, Insurer news, Jackson Lee, News

The interest in electric cars continues with sales rising and more businesses looking at salary sacrifice schemes for their employees. Salary sacrifice offers a number of advantages with benefit in kind fixed at 2% until 2025.

An electric vehicle (EV) salary sacrifice scheme lets an employee pay for an electric car each month using their gross salary - that’s before tax and other contributions are deducted, similar to schemes, such as childcare, cycle-to-work schemes or pension contributions.

There are some great advantages to the scheme for both Employees and Employers.
What is Early Termination Insurance (ETI)?
The . . .

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Tags: electric cars, ETI, EV salary sacrifice

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