Octopus EV Salary Sacrifice Scheme Summary

Here’s a summary of Octopus EV’s key features, benefits and drawbacks of their EV Salary Sacrifice Scheme:

Package	All-inclusive EV package (car, charging rewards, energy)
Salary Sacrifice Scheme	100% EV salary sacrifice program with tax benefits
Pros	Generous charging perks, comprehensive package, diverse fleet, robust salary sacrifice scheme, EV Saver tariff, Used EVs are now available
Eligibility Criteria	– Residency: Must live in the UK – Driving License: Full UK Driving Licence – Insurance: Maintain comprehensive EV insurance throughout the lease
Contract Types	– Salary Sacrifice Lease – Personal Contract Hire (PCH)
Early Termination Details	Fees apply for early termination unless covered by employer’s scheme
Deposit Required	No deposit required
Charging Benefits	Choose one of: • £400 home EV charging credit on an eligible Octopus Energy smart tariff • £400 off a professionally installed home charger • £400 Electroverse public charging credit (Plus 4,000 free charging miles if this offer still applies.)
Models Available	All electric vehicles on the market
Inclusions	– Car – Comprehensive insurance (includes GAP cover) – Servicing and maintenance – Tyre and brake replacements (fair wear and tear) – AA membership – £500 damage waiver
Customer Support Options	– Telephone: 020 3870 3892 (Monday – Friday) – Email: [email protected]
Car Purchase Option	– Personal Contract: No option to purchase – Salary Sacrifice: Option to purchase at market value
Early Termination Protection	Built-in protection, terms vary based on employer’s guidelines, covers parental leave and long-term sickness
Parental Leave Protection	Retain car and continue payments if feasible, up to 12 months coverage for financial constraints during leave
Long-term Sickness Protection	Protection up to 3 months from the onset of prolonged sick leave
Key Benefits	Flexible charging rewards Comprehensive package Extensive EV selection

Octopus Electric Vehicles Salary Sacrifice Scheme

Octopus Electric Vehicles Leasing provides an exceptional EV leasing product with comprehensive charging benefits, combining the vehicle, energy and flexible charging rewards into a single EV ecosystem.

A Complete EV Ecosystem

Unlike many leasing companies, Octopus Electric Vehicles Leasing understands both the vehicles and the energy that powers them. This synergy allows them to offer a fully integrated EV ecosystem, allowing their customers to get cheaper energy and cheaper EV running costs.

Salary Sacrifice Scheme

Octopus provides one of the leading EV salary sacrifice schemes in the UK. This program allows employees to leverage tax benefits within an all-inclusive car leasing package. The scheme is designed to be 100% EV-focused.

Pros and Cons

Pros:

• Flexible charging rewards
• Comprehensive all-inclusive package
• Diverse electric fleet
• Robust salary sacrifice scheme
• EV Saver Energy Tariff
• Nearly new EVs

Eligibility Criteria

To lease from Octopus Electric Vehicles, you need to:

• Reside in the United Kingdom
• Hold a full UK Driving Licence
• Maintain comprehensive EV insurance throughout the lease

It’s crucial to read the specific terms of your leasing agreement as there might be additional requirements. Any changes in your circumstances should be communicated to Octopus immediately to avoid potential termination of the agreement.

Salary Sacrifice Features

Contract Type: Salary Sacrifice Lease
Minimum Term: 24 months
Early Termination Details: Fees apply for early termination unless covered by the employer’s scheme
Deposit Required: No deposit for salary sacrifice; personal contracts require at least a one-month upfront payment
Charging Benefits: Free Ohme charger with installation OR 4,000 free miles via Octopus Energy / Electroverse network
Models Available: All electric vehicles on the market
Inclusions: Car, comprehensive insurance, servicing, maintenance, tyre and brake replacements, AA membership, £500 damage waiver

Charging Benefits

Choose between:

£400 Electroverse public charging credit

£400 home charging credit

£400 off a home charger installation

Nearly New EVs

Octopus EV now offers a fantastic opportunity to get a nearly new electric vehicle through their salary sacrifice scheme.

Their nearly new EVs come from a previous life as demo cars, company cars, or leases, and have been refurbished. This means you get a top-quality EV at a significantly reduced price, with no upfront costs.

They are under 18 months old and have fewer than 15,000 miles on the clock.

Comprehensive Package

Octopus’s all-inclusive package covers everything from a free home charger to maintenance, servicing, tyre replacements, and AA breakdown cover. Additionally, there are no hidden delivery costs.

Purchase Options

Customers on a salary sacrifice scheme can buy the car at market value.

Customer Support

Octopus offers reliable customer support via telephone (020 3870 3892) Monday to Friday and email ([email protected]).

Early Termination Protection

Octopus EV’s salary sacrifice scheme now offers enhanced early termination protection. Cover begins from day one for key life events such as long-term sickness, maternity leave, or the loss of a licence due to medical reasons. For employment changes, the notice period has been reduced to just three months after the vehicle is delivered, down from the previous six.

The protection extends to a minimum of 10 vehicles per year or 10% of your fleet, whichever is more beneficial. Crucially, this applies to all EVs in your fleet, with no restrictions on higher-value models.

Parental and Long-term Sickness Protections

For employees on parental leave, Octopus allows them to retain the car and continue payments if feasible. Financial constraints during this period are accommodated with a safety net extending up to 12 months. Similarly, for long-term sickness, protection extends up to 3 months from the onset of prolonged sick leave.

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