SALARY SACRIFICE SPECIALISTS
What is Salary Sacrifice?
Employees trade a portion of their gross salary for:
Fully funded
Maintained
Insured
Ultra-low emission vehicles with low Benefit-in-Kind (BIK) tax.
The Legal Structure
Employer signs Grosvenor’s MVHA & Packaging agreement
Employee signs Variation Agreement to reduce salary in exchange for the vehicle
Employer pays for the car each month, deducting the cost from the employees gross pay.
Benefits of the Scheme
Employer
Zero cost / attractive benefit
Fully insured and maintained
Enhanced remuneration package
Reduce carbon footprint
Leaver Protection & Long Term absence cover
Additional costs deducted directly from driver
Mitigate risk from grey fleet
Employee
The cheapest way to source an Electric Vehicle
Fully insured and maintained
Includes Breakdown cover
No deposit or credit check required
Leaver Protection & Long Term absence cover
Can include the cost of a home charging point
Why choose Grosvenor Salary Sacrifice
Additional Points
Pre-contract / Lead-in vehicles
Recharges charged direct to employee
Home charging points
Your Only Responsibilities
Authorising orders (minimum wage check)
Deducting the employee’s salary
P11d Reporting (we provide the report)
Risk Management
Leaver Protection
Full leaver protection from day 1
30 days notice
No fees
No limits or caps
Parental and Sickness Protection
Employee keep the car
Employer reimbursed for costs that cannot be deducted
