- Choose £400 home charging credit, £400 off a home charger or £400 Electroverse credit
- Compatible with Octopus Energy's smart EV tariffs
- Approved Used vehicles available
- Early termination protection built into every lease
Here’s a summary of SalSac’s key features, benefits and drawbacks of their EV Salary Sacrifice Scheme:
| Company Base | Established in 2021, headquartered in Amersham, Bucks |
| Specialisation | Bespoke Electric Car Salary Sacrifice Schemes for businesses |
| Pros | Cost-neutral for businesses, option to purchase EV at end of lease, home charger inclusion, employee engagement via webinars, expert customer support |
| Cons | Early termination fees |
| Eligibility Requirements | – Age: 18-75 at lease start, max 78 if insurance included – Permanent UK resident – Valid UK driving licence for lease duration – Permanent PAYE employee – Basic pay above National Minimum Wage after deductions |
| Contract Type | Salary Sacrifice Lease |
| Minimum Term | 24 months |
| Early Termination Details | – Attempt to relocate contract to new employee/employer – If not possible, early termination fees apply – Covers 50% of penalty amount – Funder early termination option with 3-month notice available at extra cost |
| Deposit Required | No deposit |
| Charging Benefits | Home charger unit and installation included in salary sacrifice over lease duration, in partnership with Mr Charger |
| Number of Models Available | All current UK EVs and PHEVs |
| Whats Included | Manufacturer warranty, breakdown cover, full maintenance including EV tyres, EV insurance, employee engagement and free webinars |
| Car Purchase Option | Employees can purchase the vehicle at the end of the lease; employers or financially linked individuals cannot |
| Customer Support Options | Online chat, email ([email protected]), phone (0330 174 6768) |
| Delivery Cost | Free |
| Lead Time | A few days for in-stock vehicles, up to 6 months for vehicles not in stock |
| Pricing Structure | Cost-neutral; no setup fee; fee is taken from National Insurance and tax savings |
| Employee Engagement | Interactive webinars to educate staff about the scheme |
SalSac Salary Sacrifice EV Scheme
SalSac uses its in-house software system to quickly generate quotes from its network of 18 partner brokers.
Key Benefits and Drawbacks
Pros:
- Cost-neutral for businesses
- Option to purchase the EV at the end of the lease
- Home charger inclusion under the salary sacrifice
- Employee engagement and education via webinars
- Expert customer support
Cons:
- Early termination fees
Eligibility Criteria
To be eligible for a SalSac scheme, employees must meet the following criteria:
- Age: Between 18 and 75 at the beginning of the lease term; maximum age of 78 if insurance is included
- Residency: Permanent UK resident to align with UK tax laws and regulations
- Driving Licence: Must hold a valid driving licence for the entire lease duration
- Employment: Permanent PAYE employee with basic pay not falling below the National Minimum or Living Wage after deductions
Full Review of SalSac Salary Sacrifice
Established in 2021 and headquartered in Amersham, Bucks, SalSac offers a comprehensive service for EV salary sacrifice schemes. They manage every step, from employee engagement to payroll deductions and P11d BIK reporting.
Contract and Early Termination Protection
SalSac offers a minimum 24-month lease term. If early termination is needed, SalSac attempts to relocate the contract. If this is not possible, early termination fees apply. The contract includes a provision covering 50% of the penalty amount, and a funder early termination option is available for additional comprehensive coverage with a 3-month notice.
Pricing Structure
SalSac’s pricing is cost-neutral, derived from National Insurance and tax savings:
- No Setup Fee: SalSac does not charge a setup fee.
- Fee Structure: Fees are taken from tax savings, making the service cost-neutral for both businesses and employees.
Charging Benefits
SalSac includes the cost of a home charging unit and its installation as part of the salary sacrifice, partnering with Mr Charger to offer a seamless installation process. Employees can spread the cost over the lease term and benefit from tax savings.
Vehicle Options and Inclusions
SalSac offers all models of EVs and PHEVs through its broker partners. The comprehensive salary sacrifice package includes:
- Manufacturer Warranty
- Breakdown cover
- Full maintenance including EV tyres
- EV insurance
- Employee engagement and free webinars
Vehicle Purchase Option
Employees have the option to purchase the vehicle at the end of the lease term. However, employers or anyone financially linked to the employer’s business cannot purchase the vehicle.
Lead Time and Delivery Cost
Delivery is free, with in-stock vehicles available within a few days. For vehicles not in stock, the wait can be up to six months.
Employee Engagement and Education
SalSac conducts interactive webinars to educate employees about the scheme, ensuring they fully understand the benefits and processes involved.