How does salary sacrifice work?
It's simple once you know. Let's say a vehicle costs £500. Your employee's gross salary is reduced by £500, meaning they pay less tax and national insurance due to the lower gross salary.
Which scheme suits your business best?
Our schemes give you flexibility, with two distinct approaches to the same outcome - satisfied employees and cost savings for your business and your staff.
You might prefer Novalease if...
- You're looking for a unique zero-risk solution
- You need the leases to remain off the balance-sheet
- You lack internal resources for scheme administration
- You are VAT-restricted
- You're in search of a viable alternative to a company car fleet
You might prefer Salarylease if...
- You prefer employees not to be credit-checked
- You are comfortable with contracting the vehicles
- You are confident in your internal 'leaver' processes
- You do not want to operate an FCA regulated scheme
- You are looking for a scheme to align with or replace your traditional company car fleet
Both schemes offer
Frequently asked questions
None. Gratis. Free! The beauty of a car salary sacrifice scheme with SG Fleet is that there aren’t any costs associated with implementation. In fact, the more cars you have on the scheme, the more money you save.
A scheme can be implemented in as quickly as four weeks, depending on your specific requirements.
Not only is SG Fleet a multi-award-winning, global fleet management company, we’re also the only provider that can offer both employer and employee-led salary sacrifice schemes. No matter your requirements, we have a product perfect for you.
In short, regardless of the type of scheme you choose, it’s very easy. Everything you need will be at your fingertips. We offer a personalised, user-centered approach that puts you in control of the key decisions without adding to your administrative burden.