Employee or Employer? We can help you.
What do you get?
Car Insurance
Road Fund Licence
EV Charger
Maintenance and Repair
Accident Management
Breakdown Cover
Life Shield
Sell Your Car
We will beat your best quote by £100*
What is Salary Sacrifice?
For employees:
- Save up to 40% on a new car vs PCH or PCP
- Experience tax and National Insurance Savings
- Low Benefit-in-Kind tax = more money in your pocket
- As standard, get a charger, insurance and maintenance
For employers:
- Proven to attract and retain the best talent
- Zero risk. Zero setup fees
- Save big on National Insurance contributions and Corporation Tax
- Drive your sustainability with a scheme that makes a difference
Our trusted scheme has supported a diverse range of clients.
Frequently asked questions
What is an Electric Car Salary Sacrifice Scheme?
The Electric Car Salary Sacrifice scheme from Pendragon Vehicle Management is a benefit where employees exchange part of their gross salary for a fully maintained electric vehicle, saving on Income Tax and National Insurance. Employers benefit from lower NI contributions and a company benefit that has been proven to add value for employees.
Why is it so effective?
The current Benefit-in-Kind (BiK) tax in the UK is low at 3% as it stands. This allows employees to save up to 40% on a brand new electric car compared to other means of driving a car such as personal contract purchase or personal leasing. Employers also see savings in National Insurance Contributions and potentially Corporation Tax.
What's included in the monthly cost?
Put simply? Everything you could need for everyday motoring, you just need to add the electric. As part of our agreements all drivers benefit from a brand-new EV, insurance, maintenance, servicing, breakdown cover, road fund licence, tyres, glass, repairs, MOT, Life Shield cover, and a home charger all as stands.
What's the cost to an employer?
The scheme is cost positive if accessed and done properly. We find employers make savings through reduced NIC and corporation tax whilst offering a perk that has shown to improve retention and boost ESG credentials.
Is it complicated to run?
No. We handle the electric car sourcing, delivery, and support along the whole journey. You get onboarding material, employee guidance for those administering and taking part in the scheme. You get the full suite of support from Pendragon Vehicle Management, we have skin in the game with more than 40 years of experience.
Can the car be an ICE (Internal Combustion Engine)?
Although some schemes offer ICE vehicles, we do not recommend this. Employees feel the full cost benefit of the scheme by taking out an electric car through salary sacrifice.
What if an employee leaves or circumstances change?
The Life Shield policy covers all of life’s hurdles for both the employer and employee. This includes but not limited to resignation, redundancy, sickness, and medical circumstances.
How quickly can employees access cars?
Our links with the Lithia UK dealer brands of Evans Halshaw and Stratstone means sourcing vehicles is in our blood. We have over 150 physical stores in the UK. Sometimes cars can be with employees in as little as 10 working days.
How do I find out how the scheme could benefit me or my business?
Request a meeting with a member of our team above and we will be able to guide you through what this could mean for you as an employer or employee.
