About Salary Sacrifice
WVL & GKL Leasing are pleased to have formed a partnership with Fleet Evolution, offering the very best experience for implementation of your new Salary Sacrifice Scheme. We work closely with them to provide valued customers with hassle-free systems and best practice procedures.
HOW DOES THE SCHEME WORK?
Salary sacrifice is a fantastic way for employers to enhance their employee benefits without spending any money. In fact, in many cases, it can save you money! The employee can pay for certain items from their pre-tax salary, in this case, a brand-new car with everything included but the charging costs. Save tax, NI, while accessing volume discounts and choosing the car, term, and mileage to suit their needs. Remember, this is a taxable benefit. The company benefit tax increases as the pollution from the car increases, this is why greener cars work better on the scheme.
HOW DO I INTRODUCE THE SCHEME?
Introducing our scheme is easy. Simply define the rules around leavers, SMP, and answer a few quick questions. Within days, we’ll have the scheme, employee guidance and quote engine access set up for you! We’ll even handle the launches, (including virtual launches) to your team and push all communication from your team directly to us.
Would you like a call to discuss Salary Sacrifice for your company cars with one of our experts?
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We lease vehicles from all the major vehicle manufacturers.
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ADVICE AND INFORMATION:
We are keen for your implementation
of a salary sacrifice scheme to be as simple as possible.
MANAGING YOUR SCHEME MONTH-TO-MONTH
We try to keep our scheme as simple as possible. After all, your skillset is your company, but we do need to involve you in some key areas. Once your scheme is set up, each month you will need to:
If you have 10 cars, admin shouldn’t take longer than 15 minutes a month.
IMPLEMENTING YOUR SCHEME
OUR GENERAL APPROACH
Our scheme is designed to be as low admin as possible for you. Implementation can take as little as a week, and only a fraction of your time is needed in this period. Marketing and Promotion are where we really excel; we’ll manage this for you entirely. All you need to do is book rooms, display the posters we give you and circulate the emails we provide. We also handle all employee communication directly.
YOUR KEY TASKS
PRE-LAUNCH
POST LAUNCH
PRE-LAUNCH
- Defining the rules at set-up meeting
- Provide eligibility rules
- Review our employee pack
- Book rooms for launches
- Review quote engine
- Display posters in team areas
POST LAUNCH
- Circulate promotional material
- Pay supplier invoices
- Order countersign
- Process payroll deductions
- Occasional minimum wage checks
- P11d reporting (report provided)