Save up to 40% on a brand-new EV through electric car salary sacrifice
ElectriX offers a flexible electric car salary sacrifice scheme for employers that not only saves money but also moves you to eco-friendly driving, made more convenient with a home charger and insurance.
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I’m an employee, how does EV salary sacrifice work?
Electric car salary sacrifice is a popular way to get behind the wheel of a brand-new EV, it’s a cost-effective and ecologically beneficial scheme for both employers and employees. By participating in an electric car salary sacrifice scheme, an employee exchanges part of their gross salary for a non-cash benefit. In this situation, the benefit is leasing an electric car. Employees can benefit from tax savings and incentives in addition to the zero exhaust emissions and lower running costs.
Read more about: how does salary sacrifice work with electric cars?
The benefits of being part of our Electric car scheme
Powered by LV= General Insurance and part of Allianz, ElectriX has specialist experience in electric driving and insurance products. Through our partner CBVC you will always have the support from experts available to answer any enquiries or advice you may need about your EV, ensuring easy driving and peace of mind on the road.
Up to 40% off a
new EV lease
Choose a high tech new electric car and pay for it monthly from your gross salary before tax deductions. ElectriX partner with CBVC to ensure that very electric car lease deal is brand-new and delivered directly from the manufacturer.
No deposit
needed
Our electric car salary scheme requires no upfront payment or credit checks, offering employees a cost effective and hassle-free way to get behind the wheel of an electric vehicle.
Convenient home charging option
Enhance your electric driving experience with the option to include an Indra smart home charger. Enjoy fast and convenient charging from the comfort of your own home.
Warranty and
breakdown cover
Every car leased is brand-new from the manufacturer with comprehensive warranty coverage, including the battery. Plus, you can benefit from added breakdown cover for complete assurance.
Comprehensive
insurance
ElectriX is partnered with Allianz to bring you specialist electric car insurance. If your employer chooses our full package, you’ll benefit from fully comprehensive EV insurance included in your monthly cost – for total peace of mind.
Online
hub
If you are new to electric cars, our online hub covers a wealth of information and resources on electric driving. Find everything you want to know about EV’s and car leasing with free tips, advice and blogs on our online hub.
If you would like a helping hand educating your company on the benefits of EV Salary Sacrifice, simply register your interest and we’ll do the rest for you.
How does electric car salary sacrifice work for employees at ElectriX?
The electric car salary sacrifice program at ElectriX empowers employees to transition to electric vehicles (EVs) with ease. Here’s how it works:
How much could I save with the EV salary sacrifice scheme?
The electric car salary sacrifice program at ElectriX empowers employees to transition to electric vehicles (EVs) with ease.
Check out the illustrative examples below for employees paying 20% and 40% income tax:
A 20% Taxpayer earning £30,000 a year – Illustrated example for an MG4
Over the 4 year term, salary sacrifice could save you £6,768
Monthly gross sacrifice
£500
The amount deducted from your gross salary
Monthly net sacrifice
£359
The reduction in your take-home pay
Monthly employer saving
£69
Over the 4 year term, salary sacrifice could save your employer £3,312
Prices include the lease, insurance plus cost and installation of a home charger. Quote is for example purposes only, Prices correct as at March 2024. Based on single driver, on 48 month term & 8,000 miles per year. Prices are subject to change based on your companies chosen scheme selection and the employees personal circumstances.
A 40% Taxpayer earning £80,000 a year – Illustrated example for an BMW i4
Over the 3 year term, salary sacrifice could save you £12,600
Monthly gross sacrifice
£914
The amount deducted from your gross salary
Monthly net sacrifice
£564
The reduction in your take-home pay
Monthly employer saving
£126
Over the 3 year term, salary sacrifice could save your employer £4,536
Prices include the lease, insurance plus cost and installation of a home charger. Quote is for example purposes only, Prices correct as at March 2024. Based on single driver, on 36 month term & 10,000 miles per year. Prices are subject to change based on your companies chosen scheme selection and the employees personal circumstances.
If your company has not signed up for our electric car salary scheme, we can support you by helping to convince them to join the scheme.
Lead the charge with our handy Employer Salary Sacrifice EV pack
Created to help you persuade your employer of the benefits of leasing electric cars through a Salary Sacrifice Scheme. Simply download the pack and pass it to your employer – it’ll give you a buzz!
We’ll do everything we can to support you and your colleagues to go electric in the most cost-effective way!
FAQ
Is there any upfront payment for employees?
No, there is no upfront cost for employees. You simply pay an agreed monthly amount through your salary for the lease car. Payments start when you get your new electric car.
How can I sign up my company?
After registering your interest with us, we will send some information over to your employer about the EV salary sacrifice scheme. We will need confirmation from the senior decision-maker at your company to set the scheme up.
Why should I recommend ElectriX?
We have a wide range of cars to suit every pocket, many available within 30 days, plus our advisors can help make sure you have everything you need to make the most out of your brand-new electric car.