Who owns a salary sacrifice car?
The salary sacrifice car is used as a private car, but is leased by the employer, usually for 36 months.
Can I use salary sacrifice to buy a car?
Benefits To Salary Sacrifice Schemes
You save money as part of your salary is used to pay for the car every month, rather than paying large upfront costs. Therefore, it is one of the best options for having a new car for employees of companies that offer the salary sacrifice scheme.
How does Tusker work?
Just like the Cycle to Work schemes, employees can sacrifice a fixed amount of their salary each month in exchange for a brand new car. The amount is taken before income tax and National Insurance, so employees and businesses can save on the contributions they pay.
What is a green car scheme?
The Green car scheme works through salary sacrifice and each month, in exchange for a fixed reduction in the employee's gross salary a saving of tax and national insurance will apply and the employee gets to drive a brand new car with an all inclusive package.