Recommended
Recommended
More Related Content
Similar to Rising fuel prices.pptx
Similar to Rising fuel prices.pptx (20)
Recently uploaded
Recently uploaded (20)
Rising fuel prices.pptx
- 1. Rising Fuel prices HOW TO CUT DOWN ON PETROL AND DIESEL BILLS
- 2. Salary sacrifice scheme- EV cars Benefits to employee • Access to a brand-new electric car at a fraction of their normal cost • Tax and National Insurance savings • No up-front costs, credit checks or end of term obligations • Transparent and fixed pricing • Significantly lower your “fuelling” costs • Maintenance, insurance and breakdown cover included • Reduce your carbon footprint Benefits to employer • Reduced business National Insurance Contributions (NIC) • Lower your fuel expenses • Fully maintained and dependable cars • Helps support your Environmental, Social and Governance aspirations • Increases employee engagement, motivation and supports retention
- 3. Business loans and grands • Used Electric Vehicle Loan for Business • eBike Business Loan • eBike Grant Fund • Low Carbon Transport Business Loan Click here for latest business support
- 4. Car share Co-wheels – Pay-as-you-go national car club. GoCarShare – Car sharing scheme LiftShare – Online car sharing site Enterprise – Car Club Care at Home Interna/cross providers arrangements?
- 5. Fuel cards Advantages No minimum spend or fixed term contracts Discounted fuel prices All expenses in a consolidated invoice and no need to keep the receipts Track and control fuel consumption via eServices High security with chip and pin technology Driver does not need to carry cash A lot of suppliers to choose from with high quality service Assigned account manager Can be used in a range of fuel networks or binded to a single one Designed to reduce the risk of fraudulent activities To compare fuel cards, click here
- 6. Ways to safe on fuel The best ways to save on fuel as prices rocket according to Money Saving Expert Ensure your tyres are fully pumped. Clean your car too! The lighter a car, the less fuel is needed to keep it going.. Dismantle your roof rack. Keep your aircon use to a minimum. Don’t fill your tank to the brim when at petrol stations. Liquid is heavy and weighs the car down. Try not to use cruise control. More advice on how to drive more efficiently and cheapest fuel prices in your area can be fund here
Editor's Notes
- What is Salary Sacrifice? Salary sacrifice schemes allow employers to offer an attractive and cost-effective benefit to their employees which is HMRC and VAT compliant. The electric car salary sacrifice scheme allows employees the opportunity to drive a brand-new, fully insured and maintained electric car for significantly less than if they leased one privately. The scheme works in the same way as other salary sacrifice incentives such as childcare or cycle-to-work and has been designed to help transition more company car drivers from conventional to electric cars. How does Salary Sacrifice work? An employer will engage with a vehicle leasing company and arrange the lease of a pure-electric car at an agreed rate on behalf of their employee. The employer provides the car to the employee as a company car in return for a salary contribution each month, otherwise known as a salary sacrifice. The cost of the car is deducted from the employee’s gross salary, meaning their income tax and National Insurance Contributions (NIC) are calculated based on the lower salary amount. Effectively, the employee will pay lower contributions towards income tax and National Insurance each month. And it’s not only employees who benefit from cost savings. Employers will also pay reduced NIC each month as they will be paying their employees based on the lower salary amount, after the cost of the car is taken. What are the benefits to an employer? You can’t put a price on doing your bit to help the environment! A company car scheme that offers electric cars helps lower the carbon footprint of your business and actively supports climate change. By offering an electric car salary sacrifice scheme, you will be providing a low-risk, cost-effective benefit to your employees that boosts workplace motivation, helps retain your existing staff and enhances your credentials as a prospective employer to new talent. And because employees pay for their electric car from their gross salary, this saves you money as an employer on your National Insurance Contributions (NIC), providing a win-win solution to you and your employees. The scheme also reduces the risks that come from employees using their own vehicles for business related journeys, known as grey fleets. With your employees driving brand-new electric vehicles through salary sacrifice, you have peace of mind that the cars being used for business purposes will be dependable. In turn, you will lower the reclaim expenses from business trips as more of your company cars will be using electricity instead of fuel. Benefits Reduced business National Insurance Contributions (NIC) An attractive employee benefit without increased costs to your business Lower your fuel expenses as fewer conventional cars are used for business trips Encourage cash allowance “drivers” back into company cars Fully maintained and dependable cars reduce the risks associated to grey fleets Helps support your Environmental, Social and Governance aspirations A valuable tax-efficient benefit that is available to all employees Increases employee engagement, motivation and supports retention Enhances your credentials as a recruiter for new talent What are the benefits to employees? The short answer is, you can drive a brand-new fully electric car for a much lower cost than if you leased one privately. This is because the cost of the car is taken from your salary before income tax and other contributions have been deducted. With no up-front costs, credit checks or end of term obligations, leasing an electric car through salary sacrifice is the most cost-effective and hassle-free solution to driving a company car. Electric cars offered through salary sacrifice come inclusive of maintenance and insurance which provides peace of mind motoring for you and your employer. And did you know charging an electric car costs a fraction of fuelling a conventional car. If you charge regularly at home, the typical cost for charging a mid-sized electric car (e.g. Kia e-Niro) could be free or could cost up to £9 and provide 250 miles of range. By comparison, the same amount of miles in a petrol or diesel car would cost approximately £30 in fuel. Benefits Access to a brand-new electric car at a fraction of their normal cost Significant income tax and National Insurance savings No up-front costs, credit checks or end of term obligations Transparent and fixed pricing for the duration of the term Significantly lower your “fuelling” costs by switching to electric Flexible mileage options and contract duration to suit your lifestyle Maintenance, insurance and breakdown cover included Reduce your carbon footprint
- Info on Energy Saving Trust We support communities, local authorities, supply chain and businesses of all sizes, enabling them to play their part in building a sustainable, energy efficient future We’re working to address the climate emergency; reducing carbon emissions from buildings and transport across the UK and further afield. We provide insight, advice, training and consultancy services to communities, local authorities, government and businesses on home energy efficiency, low carbon transport, and renewable energy generation. The scope and reach of our work continues to grow with the expansion of advice and business services, research and consultancy. We’re working towards a smart, decarbonised, decentralised energy system and a rapid switch to low carbon transport.
- Car sharing is when two or more people travel together by car for all or part of a trip. The passengers usually make a contribution towards the driver's fuel costs. Car sharing may be formal, using an organised car share scheme, or informal – for example, friends or colleagues travelling to work together. Car clubs- As a car club member, you are joining a community where you can book any of our cars on our online booking system or over the phone, and use your smartcard to access them - no need for keys. At the end of your booking, you return the car back into its bay or into an approved parking zone. Insurance is included, and you can book a car for 30 mins to days at a time, only paying for the hire time and distance you drive. It's as easy at that! Driving is easy when you're a car club member. We cover everything, including insurance, cleaning, servicing and refueling - you just book a car when you need one, and drive away! - We don't cover refueling of the vehicles, this is the members' responsibility to make sure that there is a minimum of a quarter tank remaining at the end of the booking. What are the benefits of sharing a car? You can save money. It's good for the environment. Reduces congestion. Improves overall health. More people have access to a car without buying.
- Fuel cards let company employees fill up petrol at any petrol station that is in the fuel card provider’s network. An individual that has a fuel card doesn’t need to pay with cash, a credit or debit card. Instead, the fuel card acts as the payment method and the company will be billed directly.
- The best ways to save on fuel as prices rocket according to Money Saving Expert The first way is by ensuring your tyres are fully pumped. This is because deflated tyres cause cars to drag, which uses more fuel as you drive. If your tyres are properly pumped it won’t require as much fuel when you press the accelerator. Clean your car too! The lighter a car, the less fuel is needed to keep it going. Take any junk out of the boot and/or backseats and you should see and feel a smoother operation. It won’t make a colossal difference - but with price hikes of this ilk, beggars can’t be choosers. Dismantle your roof rack. Even if it’s not in use it makes the car drag via wind resistance which in-turn uses more fuel. Having windows open and flags causes it to drag too! Keep your aircon use to a minimum. It requires engine power and there demands more fuel. To put it generally, it’s more energy efficient to drive with the windows down and the air-con off at a low speed. But if you’re driving fast, use the air con with the windows shut. Don’t fill your tank to the brim when at petrol stations. Liquid is heavy and weighs the car down. Ironically the less fuel in the car, the more efficiently it drives. Basically, whenever you refuel, hit the half, or three-quarter mark for the most efficient driving. Try not to use cruise control. It only really works on flat roads as it makes you maintain a constant speed and avoid unnecessary acceleration. But many roads aren’t flat, so you could end up using more fuel as cruise control is slow to react to gradients.
- First bus and Stagecoach can be approached by providers who wish to buy a discounted monthly passes. Discounts are offered on request.