Salary Sacrifice
Save up to 60% on any electric car with a salary sacrifice scheme brought to you by Leasepoint & loveelectric.
Reward your employees, at no additional cost to your business.
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Company eligibility
How much could I save with salary sacrifice?
Between 30-60% on the monthly lease cost of an electric car. The percentage you save is dependent on your salary, subsequent tax bracket and the Benefit in Kind (BiK) tax rate.
The UK Government confirmed in 2022 that EVs will only have to pay the ultra-low BiK rate of 2% until 2025, before rising by 1% annually until 2028.
The highest BiK rate for traditional petrol or diesel cars is, in comparison, a whopping 37%!
What is included in the monthly cost?
One fixed monthly payment covers not only the car but everything else required to keep you mobile.
Tyres, repairs, maintenance, breakdown and even insurance.
We've got you covered!
Why it’s good for you and your employer:
Suggesting the benefit to your employer may feel daunting, but in reality it’s an easy pitch. Here are the headlines they’ll be itching to hear about.
Completely cost-neutral for employer
Offer current and prospective employees an effective pay rise
Improve green credentials without spending a penny
New and used options available
Implement the best employee benefit, choose the best provider
Worried about the risk of staff leaving after taking on a lease?
Working with loveelectric means complete peace of mind.
Their industry-leading flexible returns options and Early Termination Protection mean that you can be confident knowing you'll be covered — no matter what life throws at your team.
Worried about the risk of staff leaving after taking on a lease?
Working with loveelectric means complete peace of mind.
Their industry-leading flexible returns options and Early Termination Protection mean that you can be confident knowing you'll be covered — no matter what life throws at your team.
What’s the catch?
No catch, we just need your employer on board.
Your employer leases the car on your behalf. Each month, you then pay for the lease using a proportion of your gross salary.
Because it’s an employee benefit, you’re only able to access salary sacrifice via your workplace. However, it’s completely cost-neutral for your company to implement and it benefits them, too.
It’s a simple to implement and we'll do all the heavy lifting. Once live you’ll get access to the latest and greatest in all-electric motoring – all for a low monthly sum.
Refer this scheme to your employer
Hopefully you can see the benefits now whether you are an employee or the employer!
You can check if your company is eligible below and then start searching for your ideal EV!