Salary sacrifice – the better way to drive an electric car for thousands of UK employees

Having recently launched salary sacrifice schemes with household names such as EDF, Siemens, Anglian Water and ScottishPower, opening the scheme to more than 1,500 companies across the UK, Tusker continue to prove that salary sacrifice is more popular than ever before integration of the benefit and Tusker was found to be the strongest candidate. Tusker’s own impressive sustainability record, allied to its suite of lifestyle protection packages were highly attractive.”

“The implementation process was very smooth with Tusker, and the level of employee engagement already has been excellent. At Siemens, we have a well-established employee benefits scheme and this benefit has been a successful addition to our offering – it is aligned to our wider sustainability focus and is an inclusive benefit.” Added Amy.

Businesses from SMEs to large corporates, as well as the public sector, continue to see the benefit of providing the car scheme to help employees make the switch to electric vehicles.

More and more companies are moving to salary sacrifice and market leaders, Tusker, not only because of their sustainability focus and the fact their scheme is better than carbonneutral, but also thanks to the robust range of employer and employee protections. During times of uncertainty in particular, these are crucial for many companies as they cover both the employee and employer for major lifestyle changes, including redundancy, resignation and long term sickness. It means companies are able to offer the benefit without fear of being left with the cost of cars, should their employees leave the organisation.

For ScottishPower, leading the response to climate change and working to achieve Net Zero is a key corporate priority, but so also is the provision of great benefits to their employees. The scheme is on track to deliver more than 250 new EVs by the end of 2023, and ScottishPower calculates that it will have saved an astonishing 500 tonnes of CO2 by the end of the year, just from cars on the Tusker scheme alone.

Jenny McCosh, Benefits Manager at ScottishPower commented: “By working with Tusker we have been able to offer the ultimate in flexibility and affordability to ScottishPower employees, it’s another way the company can assist employees in driving the greenest cars, while reducing our CO2 emissions at the same time.”

Salary sacrifice is a great way of encouraging drivers to adopt more environmentally friendly modes of transport, giving confidence to the industry that the environmental and economic benefits that it gives to the UK’s drivers is recognised by the Government, attracting only two per cent Benefit in Kind each year until 2025, and then one per cent additionally each year until 2028. Similarly, Siemens, the leading technology company, is enjoying record engagement from its employees on the launch of its salary sacrifice company car benefit scheme, implemented by Tusker. L aunched with the aims of increasing its corporate sustainability and aiding as many employees as possible to enjoy the use of a brand new, affordable and environmentallyfriendly car, Siemens introduced the car benefit scheme to include more of its employees than would have been possible with a traditional company car policy.

Amy Vokes, EMEA Compensation and Benefits Professional at Siemens, commented: “The launch of our new EV Salary Sacrifice benefit forms part of our global drive towards ever greater sustainability. The tender process involved a range of departments within Siemens to ensure a complete

While many are facing rising living costs, Tusker’s drivers are using salary sacrifice car benefit schemes to access new and environmentally friendly vehicles at affordable prices. Not only are there great savings for Tusker drivers for their new car, the scheme also includes of insurance, breakdown cover, replacement tyres, servicing, maintenance, windscreens and MOTs. And with a fixed monthly amount, the car benefit scheme ensures savings on electric cars are guaranteed and unexpected car expenses are a thing of the past.

Additionally, with prices in the used car market at an all-time high, and personal leasing products often requiring a significant deposit, salary sacrifice continues to provide an affordable way for drivers to get into a brand new electric car.

Plus, Tusker offers employees a wide range of cars to suit all budgets including both built to order models and those available at short notice, thanks to its arriving soon page, Tusker offers excellent choice and value ensuring that employees can move to a new electric car, in just a few weeks. L