SlideShare a Scribd company logo
Salary Sacrifice your way to a new car
today
www.fleetevolution.comSalary Sacrifice your way to a new car
today
www.fleetevolution.com
Salary Sacrifice Scheme Overview
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
What’s in todays session?
Agenda
Why have benefits?
Why was salary
sacrifice reviewed?
What will change?
Focus on employee
car schemes
Close
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Welcome
Award Winning Salary Sacrifice Experts
Employee Car Scheme Specialist
Min 20 employees (lite scheme)
Min 200 – 10,000 employees (full scheme)
Fully managed risk free schemes,
Fully inclusive costs
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
WHY HAVE BENEFITS
Section 1
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Why have benefits?
 The cost of replacing a ‘leaver’ is estimated at £25,000!
 Most employees stay at companies where they feel valued
 Employee benefits can increase productivity and reduce cost
 Help make you an employer ‘of choice’
 Benefits don’t have to cost money
 The best benefit offerings evolve as your employees do
Setting the
Benefit Scene
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Salary Sacrifice Overview
Salary Sacrifice or salary ‘exchange’ is effectively a way of exchanging cash salary, pre tax for goods or services.
Thus saving the tax and NI and possible other savings.
In essence salary sacrifice allows employees to define their own package, subject to your rules.
Typical savings at the moment are between 20% - 45% on everything from childcare to ipads.
The savings are generated by a mixture of the following, this varies by benefit and employer;
Volume discounts on list price
Low cost of finance leveraging employers rates
VAT reclaim
Employers NI saving
Tax Saving
Employees NI saving
However some benefits are already subject to a ‘Benefit in Kind’ tax which erodes these savings
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
What Employees Want
Keeping Staff Happy Isn’t All About Benefits
43% of employees claimed that enjoying their work was a
major motivator in staying put. Job security and good
colleagues were also named as reasons why employees would
not jump ship.
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Why has salary sacrifice been
reviewed?
Benefits all?
Benefits just employees??
Benefits tax evasion only??
Estimated
£5 billion
cost to treasury!
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
What will change?
 Childcare vouchers, Payroll Giving, Pensions, Cyclescheme and cars below 75g/km CO2 ‘ringfenced’ with no changes
 All other salary sacrifice arrangements will attract a benefit tax (BIK) equivalent to tax saving
This will wipe out all the tax savings from salary sacrifice but (where applicable) other savings will remain.
Deadlines/Grandfathering
Any existing salary sacrifice arrangement or new arrangement implemented prior to April 6th will continue on the
current rules until April 2018
For more polluting cars, accommodation and school fees entered into (ordered) prior to April 6th rules will not change
until April 2021
For schemes such as cars that have always had a corresponding benefit in kind charge any changes will be minimal
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
SO WHERE ARE WE NOW?
Section 2
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Dead? Or Evolving?
Typical components of salary sacrifice savings
Up to 30% volume discount
20% tax saving
12% employee NI saving
13% VAT saving
5% cost of finance
+ convenience
+ time savings
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Dead? Or Evolving?
Typical components of salary sacrifice savings
Up to 30% volume discount
20% tax saving wiped out by BIK
12% employee NI saving
13% VAT saving
5% cost of finance
+ convenience
+ time savings
But employers NI savings removed, portals beware
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Adaptable and Inclusive
Simplicity is the Key
Part time staff
Living wage
Contractors
Established Staff
less than 10,000
business miles
High mileage
essential users
Plus fleet management and grey fleet
management too!
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
What is a ULEV?
An ‘Ultra Low Emission Vehicle’ is one emitting less than 75grams of CO2/km driven
Currently 200 on our scheme, 500 expected by end of year
Electric cars with 200 mile range +
£20,000 to £80,0000
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Our Engagement Strategy
Pre launch teasers
Launch with product
3 month refresh
Eshots
Catch ups
Social Media
Proactive calls
Payroll Inserts
+
Parking season tickets
Train season tickets
Affinity
Ecos
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Did You know?
• In an IPP survey the company car was seen as the most attractive benefit by 25-45 year olds?
• Salary sacrifice car schemes have now been introduced by 15% of employers who have a flexible
benefit offering (1,000 employee plus)
• 82% of adopters have never had a new car before
• The typical saving is 30% compared to retail
• The fastest car on our scheme does 0-60 in less than
3 seconds
• Adopters of salary sacrifice car schemes
report reductions in CO2 of 42%
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
The Perfect Company?
Employees Earning
above £20,000
Above Average
Retention
Open to
Heavy Promotion
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
WHAT MAKES US DIFFERENT
Section 3
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Why Choose Fleet Evolution?
Every other supplier puts the emphasis on you making the scheme a success
We put the emphasis on us, we take all responsibility for the schemes success
Admin
• Low admin
• No FCA compliance needed
Risk
• No termination risk
• No risk of issues around periods of no pay
Costs
• No set up cost nor minimum volume
• No marketing cost or admin
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
SALARY SACRIFICE CARS
Section 4
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Maximise your Savings
You can save up to half your motoring costs by taking a salary sacrifice car, but
this saving is eroded by “Company Car Tax”, out simply the higher to CO2 the
lower the saving and indeed some more polluting cars may be better taken as
a personal deal…get the picture?
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Sub
50
50-100 g/km
100-120 g/km
120-130 g/km
45% Saving
33% Saving
25 % Saving
12%
Saving
Electric cars, Plug in Hybrids, Nissan Leaf
Mitsubishi Outlander, BMW i3
Full Hybrids, Bluemotion, Econetic Models
Lexus CT/IS Hybrids, VW Golf, Ford Fiesta
Audi ‘Ultra’, BMW ‘Efficient Dynamics,
Mercedes ‘Blue Efficiency”
Some SUV’s/4x4’s, BMW 5 Series, Audi A5
CO2
Typical Savings
(Compared to Retail)
Typical Cars (in Band)
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Sub
50
51-75
76 – 120 Co2
120-130 g/km
45% Saving
33% Saving
20 % Saving
12%
Saving
Electric cars, Plug in Hybrids, Nissan Leaf
Mitsubishi Outlander, BMW i3
Full Hybrids, Bluemotion, Econetic Models
Lexus CT/IS Hybrids, VW Golf, Ford Fiesta
Audi ‘Ultra’, BMW ‘Efficient Dynamics,
Mercedes ‘Blue Efficiency”
Some SUV’s/4x4’s, BMW 5 Series, Audi A5
CO2
Post April orders
(Compared to Retail)
Typical Cars (in Band)
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Benefits to Employer
• Tailored to your requirements
• Protection against risk
• Fully managed
• NI Savings
• Increased level of applicants
• Improves retention
• Improves productivity
The most ‘visible’ of all flexible benefits
Salary Sacrifice your way to a new car
today
www.fleetevolution.com
Questions?
www.fleetevolution.com
Request your login today

More Related Content

What's hot

Pitch slide show current motor works
Pitch slide show current motor worksPitch slide show current motor works
Pitch slide show current motor works
Daniel Kahmke
 
Cascade Sierra Solut..
Cascade Sierra Solut..Cascade Sierra Solut..
Cascade Sierra Solut..Videoguy
 
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Kurtis Morrison
 
Fj Presentation
Fj PresentationFj Presentation
Fj PresentationTim
 
03 tata winger in_malaysia
03 tata winger in_malaysia03 tata winger in_malaysia
03 tata winger in_malaysiaSelvakani Nadar
 
GoMechanic Partners
GoMechanic PartnersGoMechanic Partners
GoMechanic Partners
anuj03232
 
The economics of sharecars compared to individually owning one ppt
The economics of sharecars compared to individually owning one pptThe economics of sharecars compared to individually owning one ppt
The economics of sharecars compared to individually owning one ppt
Brittany Fowler
 
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Kurtis Morrison
 
CIAK ict week presentation
CIAK ict week presentationCIAK ict week presentation
CIAK ict week presentation
CA
 
Mad about wheels edition 02
Mad about wheels edition 02Mad about wheels edition 02
Mad about wheels edition 02
Shaaz Malik
 
A case study analysis on easy car
A case study analysis on easy carA case study analysis on easy car
A case study analysis on easy carMizanurdu
 
I-Bytes Automotive Industry
I-Bytes Automotive IndustryI-Bytes Automotive Industry
I-Bytes Automotive Industry
EGBG Services
 
BenzinLitre - ITU Cekirdek Bigbang 2018 Semi Final
BenzinLitre - ITU Cekirdek Bigbang 2018 Semi FinalBenzinLitre - ITU Cekirdek Bigbang 2018 Semi Final
BenzinLitre - ITU Cekirdek Bigbang 2018 Semi Final
Gorkem Unel
 

What's hot (14)

Pitch slide show current motor works
Pitch slide show current motor worksPitch slide show current motor works
Pitch slide show current motor works
 
Cascade Sierra Solut..
Cascade Sierra Solut..Cascade Sierra Solut..
Cascade Sierra Solut..
 
Fleet Hero Awards 2014 Brochure
Fleet Hero Awards 2014 BrochureFleet Hero Awards 2014 Brochure
Fleet Hero Awards 2014 Brochure
 
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
 
Fj Presentation
Fj PresentationFj Presentation
Fj Presentation
 
03 tata winger in_malaysia
03 tata winger in_malaysia03 tata winger in_malaysia
03 tata winger in_malaysia
 
GoMechanic Partners
GoMechanic PartnersGoMechanic Partners
GoMechanic Partners
 
The economics of sharecars compared to individually owning one ppt
The economics of sharecars compared to individually owning one pptThe economics of sharecars compared to individually owning one ppt
The economics of sharecars compared to individually owning one ppt
 
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
Competitive Spotlight: Measuring Design Effectiveness in the UK Car Rental Ma...
 
CIAK ict week presentation
CIAK ict week presentationCIAK ict week presentation
CIAK ict week presentation
 
Mad about wheels edition 02
Mad about wheels edition 02Mad about wheels edition 02
Mad about wheels edition 02
 
A case study analysis on easy car
A case study analysis on easy carA case study analysis on easy car
A case study analysis on easy car
 
I-Bytes Automotive Industry
I-Bytes Automotive IndustryI-Bytes Automotive Industry
I-Bytes Automotive Industry
 
BenzinLitre - ITU Cekirdek Bigbang 2018 Semi Final
BenzinLitre - ITU Cekirdek Bigbang 2018 Semi FinalBenzinLitre - ITU Cekirdek Bigbang 2018 Semi Final
BenzinLitre - ITU Cekirdek Bigbang 2018 Semi Final
 

Viewers also liked

Presentation Q1 2011
Presentation Q1 2011Presentation Q1 2011
Presentation Q1 2011
SpareBank 1 Nord-Norge
 
Struktur dan pertumbuhan tumbuhan bagan media
Struktur dan pertumbuhan tumbuhan bagan mediaStruktur dan pertumbuhan tumbuhan bagan media
Struktur dan pertumbuhan tumbuhan bagan mediaIndra Theking
 
Double Page Spread Analysis
Double Page Spread AnalysisDouble Page Spread Analysis
Double Page Spread Analysisalexpocock1
 
Evaluation Activity 1
Evaluation Activity 1Evaluation Activity 1
Evaluation Activity 1alexpocock1
 
Media box workshop
Media box workshopMedia box workshop
Media box workshopcjdenholm
 
Apuntes performance
Apuntes performanceApuntes performance
Apuntes performance
Vicente Lozano
 
Presentation of 4th quarter 2010
Presentation of 4th quarter 2010Presentation of 4th quarter 2010
Presentation of 4th quarter 2010
SpareBank 1 Nord-Norge
 
Gestion Conocimiento Empresa2.0 B
Gestion Conocimiento Empresa2.0 BGestion Conocimiento Empresa2.0 B
Gestion Conocimiento Empresa2.0 B
joaquinitoj
 
Teaching Moments in the OR
Teaching Moments in the ORTeaching Moments in the OR
Teaching Moments in the OR
Jesse Robertson
 
Informed consent
Informed consentInformed consent
Informed consent
Jesse Robertson
 
Employee Benefits in a post consultation world
Employee Benefits in a post consultation worldEmployee Benefits in a post consultation world
Employee Benefits in a post consultation world
andrewleech
 
Kanban in Operations
Kanban in OperationsKanban in Operations
Kanban in Operations
fright
 
Api pour les nuls
Api pour les nulsApi pour les nuls
Api pour les nuls
Patrick Bouillaud
 

Viewers also liked (16)

Lotc manifesto
Lotc manifestoLotc manifesto
Lotc manifesto
 
Presentation Q1 2011
Presentation Q1 2011Presentation Q1 2011
Presentation Q1 2011
 
Struktur dan pertumbuhan tumbuhan bagan media
Struktur dan pertumbuhan tumbuhan bagan mediaStruktur dan pertumbuhan tumbuhan bagan media
Struktur dan pertumbuhan tumbuhan bagan media
 
Double Page Spread Analysis
Double Page Spread AnalysisDouble Page Spread Analysis
Double Page Spread Analysis
 
Evaluation Activity 1
Evaluation Activity 1Evaluation Activity 1
Evaluation Activity 1
 
Media box workshop
Media box workshopMedia box workshop
Media box workshop
 
Apuntes performance
Apuntes performanceApuntes performance
Apuntes performance
 
Presentation of 4th quarter 2010
Presentation of 4th quarter 2010Presentation of 4th quarter 2010
Presentation of 4th quarter 2010
 
Digital approach
Digital approachDigital approach
Digital approach
 
Gestion Conocimiento Empresa2.0 B
Gestion Conocimiento Empresa2.0 BGestion Conocimiento Empresa2.0 B
Gestion Conocimiento Empresa2.0 B
 
Teaching Moments in the OR
Teaching Moments in the ORTeaching Moments in the OR
Teaching Moments in the OR
 
Informed consent
Informed consentInformed consent
Informed consent
 
Employee Benefits in a post consultation world
Employee Benefits in a post consultation worldEmployee Benefits in a post consultation world
Employee Benefits in a post consultation world
 
Kanban in Operations
Kanban in OperationsKanban in Operations
Kanban in Operations
 
Api pour les nuls
Api pour les nulsApi pour les nuls
Api pour les nuls
 
Types of networks
Types of networksTypes of networks
Types of networks
 

Similar to Employee Benefits in a post consultation world

MiSalary Sacrifice 5 Reason Brochure
MiSalary Sacrifice 5 Reason BrochureMiSalary Sacrifice 5 Reason Brochure
MiSalary Sacrifice 5 Reason BrochureAshley Crookes
 
Business Owners' Guide to Operating Vans
Business Owners' Guide to Operating VansBusiness Owners' Guide to Operating Vans
Business Owners' Guide to Operating Vans
Northgate Vehicle Hire
 
Salary Sacrifice Car Schemes
Salary Sacrifice Car SchemesSalary Sacrifice Car Schemes
Salary Sacrifice Car Schemes
Zenith
 
Employee transportation in gurgaon
Employee transportation in gurgaonEmployee transportation in gurgaon
Employee transportation in gurgaon
Ajay Car Rental
 
The Employer's Guide to Salary Sacrifice
The Employer's Guide to Salary SacrificeThe Employer's Guide to Salary Sacrifice
The Employer's Guide to Salary Sacrifice
Mike Cottrill
 
Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...
Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...
Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...
Muriel Walter
 
EVmo Presentation 2022
EVmo Presentation 2022EVmo Presentation 2022
EVmo Presentation 2022
RedChip Companies, Inc.
 
Conquest helios cabs_mumbai
Conquest helios cabs_mumbaiConquest helios cabs_mumbai
Conquest helios cabs_mumbai
Nikhil Thakur
 
Agnew Corporate Brochure
Agnew Corporate BrochureAgnew Corporate Brochure
Agnew Corporate BrochureDebbie Graham
 
Lifestyle Lease - salary sacrifice
Lifestyle Lease - salary sacrifice Lifestyle Lease - salary sacrifice
Lifestyle Lease - salary sacrifice
Roger Skinner
 
Ald Automotive -Car Leasing Company India
Ald Automotive -Car Leasing Company IndiaAld Automotive -Car Leasing Company India
Ald Automotive -Car Leasing Company India
aldautomotive
 
Ogilvie Fleet - UK Contract Hire / Leasing & Fleet Management Solutions
Ogilvie Fleet - UK Contract Hire / Leasing & Fleet Management SolutionsOgilvie Fleet - UK Contract Hire / Leasing & Fleet Management Solutions
Ogilvie Fleet - UK Contract Hire / Leasing & Fleet Management Solutions
Ashley Crookes
 
Why Choose Traction Finance
Why Choose Traction FinanceWhy Choose Traction Finance
Why Choose Traction FinanceTraction Finance
 
GH Mobil Investor Pitch Deck
GH Mobil Investor Pitch DeckGH Mobil Investor Pitch Deck
GH Mobil Investor Pitch Deck
Rafael Iglesias
 
Getting Around The Region On Less
Getting Around The Region On LessGetting Around The Region On Less
Getting Around The Region On LessBilly Ray Johnson
 
Driverless cars - an insurance aggregator digital product strategy
Driverless cars - an insurance aggregator digital product strategyDriverless cars - an insurance aggregator digital product strategy
Driverless cars - an insurance aggregator digital product strategy
Charles Burrows
 
L3 Driving Simulator Buyer's Guide
L3 Driving Simulator Buyer's GuideL3 Driving Simulator Buyer's Guide
L3 Driving Simulator Buyer's Guide
L3 Driver Training Solutions
 
total-cost-of-ownership-donlen-revised.original
total-cost-of-ownership-donlen-revised.originaltotal-cost-of-ownership-donlen-revised.original
total-cost-of-ownership-donlen-revised.originalZina Grinman
 
MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...
MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...
MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...
CommuterChoiceMaryla
 

Similar to Employee Benefits in a post consultation world (20)

MiSalary Sacrifice 5 Reason Brochure
MiSalary Sacrifice 5 Reason BrochureMiSalary Sacrifice 5 Reason Brochure
MiSalary Sacrifice 5 Reason Brochure
 
Business Owners' Guide to Operating Vans
Business Owners' Guide to Operating VansBusiness Owners' Guide to Operating Vans
Business Owners' Guide to Operating Vans
 
Salary Sacrifice Car Schemes
Salary Sacrifice Car SchemesSalary Sacrifice Car Schemes
Salary Sacrifice Car Schemes
 
Employee transportation in gurgaon
Employee transportation in gurgaonEmployee transportation in gurgaon
Employee transportation in gurgaon
 
The Employer's Guide to Salary Sacrifice
The Employer's Guide to Salary SacrificeThe Employer's Guide to Salary Sacrifice
The Employer's Guide to Salary Sacrifice
 
Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...
Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...
Dag fm ifma kluwer_27-03-14_benny gers_kritische succes factoren voor goed fl...
 
EVmo Presentation 2022
EVmo Presentation 2022EVmo Presentation 2022
EVmo Presentation 2022
 
Lifestyle Lease
Lifestyle LeaseLifestyle Lease
Lifestyle Lease
 
Conquest helios cabs_mumbai
Conquest helios cabs_mumbaiConquest helios cabs_mumbai
Conquest helios cabs_mumbai
 
Agnew Corporate Brochure
Agnew Corporate BrochureAgnew Corporate Brochure
Agnew Corporate Brochure
 
Lifestyle Lease - salary sacrifice
Lifestyle Lease - salary sacrifice Lifestyle Lease - salary sacrifice
Lifestyle Lease - salary sacrifice
 
Ald Automotive -Car Leasing Company India
Ald Automotive -Car Leasing Company IndiaAld Automotive -Car Leasing Company India
Ald Automotive -Car Leasing Company India
 
Ogilvie Fleet - UK Contract Hire / Leasing & Fleet Management Solutions
Ogilvie Fleet - UK Contract Hire / Leasing & Fleet Management SolutionsOgilvie Fleet - UK Contract Hire / Leasing & Fleet Management Solutions
Ogilvie Fleet - UK Contract Hire / Leasing & Fleet Management Solutions
 
Why Choose Traction Finance
Why Choose Traction FinanceWhy Choose Traction Finance
Why Choose Traction Finance
 
GH Mobil Investor Pitch Deck
GH Mobil Investor Pitch DeckGH Mobil Investor Pitch Deck
GH Mobil Investor Pitch Deck
 
Getting Around The Region On Less
Getting Around The Region On LessGetting Around The Region On Less
Getting Around The Region On Less
 
Driverless cars - an insurance aggregator digital product strategy
Driverless cars - an insurance aggregator digital product strategyDriverless cars - an insurance aggregator digital product strategy
Driverless cars - an insurance aggregator digital product strategy
 
L3 Driving Simulator Buyer's Guide
L3 Driving Simulator Buyer's GuideL3 Driving Simulator Buyer's Guide
L3 Driving Simulator Buyer's Guide
 
total-cost-of-ownership-donlen-revised.original
total-cost-of-ownership-donlen-revised.originaltotal-cost-of-ownership-donlen-revised.original
total-cost-of-ownership-donlen-revised.original
 
MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...
MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...
MDOT Commuter Choice on the Business Benefits of Expanding your Commuter Bene...
 

Recently uploaded

CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
fakeloginn69
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
HumanResourceDimensi1
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
seri bangash
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
marketingjdass
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
Erika906060
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
DerekIwanaka1
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
Ben Wann
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 

Recently uploaded (20)

CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 

Employee Benefits in a post consultation world

  • 1. Salary Sacrifice your way to a new car today www.fleetevolution.comSalary Sacrifice your way to a new car today www.fleetevolution.com Salary Sacrifice Scheme Overview
  • 2. Salary Sacrifice your way to a new car today www.fleetevolution.com What’s in todays session? Agenda Why have benefits? Why was salary sacrifice reviewed? What will change? Focus on employee car schemes Close
  • 3. Salary Sacrifice your way to a new car today www.fleetevolution.com Welcome Award Winning Salary Sacrifice Experts Employee Car Scheme Specialist Min 20 employees (lite scheme) Min 200 – 10,000 employees (full scheme) Fully managed risk free schemes, Fully inclusive costs
  • 4. Salary Sacrifice your way to a new car today www.fleetevolution.com WHY HAVE BENEFITS Section 1
  • 5. Salary Sacrifice your way to a new car today www.fleetevolution.com Why have benefits?  The cost of replacing a ‘leaver’ is estimated at £25,000!  Most employees stay at companies where they feel valued  Employee benefits can increase productivity and reduce cost  Help make you an employer ‘of choice’  Benefits don’t have to cost money  The best benefit offerings evolve as your employees do Setting the Benefit Scene
  • 6. Salary Sacrifice your way to a new car today www.fleetevolution.com Salary Sacrifice Overview Salary Sacrifice or salary ‘exchange’ is effectively a way of exchanging cash salary, pre tax for goods or services. Thus saving the tax and NI and possible other savings. In essence salary sacrifice allows employees to define their own package, subject to your rules. Typical savings at the moment are between 20% - 45% on everything from childcare to ipads. The savings are generated by a mixture of the following, this varies by benefit and employer; Volume discounts on list price Low cost of finance leveraging employers rates VAT reclaim Employers NI saving Tax Saving Employees NI saving However some benefits are already subject to a ‘Benefit in Kind’ tax which erodes these savings
  • 7. Salary Sacrifice your way to a new car today www.fleetevolution.com What Employees Want Keeping Staff Happy Isn’t All About Benefits 43% of employees claimed that enjoying their work was a major motivator in staying put. Job security and good colleagues were also named as reasons why employees would not jump ship.
  • 8. Salary Sacrifice your way to a new car today www.fleetevolution.com Why has salary sacrifice been reviewed? Benefits all? Benefits just employees?? Benefits tax evasion only?? Estimated £5 billion cost to treasury!
  • 9. Salary Sacrifice your way to a new car today www.fleetevolution.com What will change?  Childcare vouchers, Payroll Giving, Pensions, Cyclescheme and cars below 75g/km CO2 ‘ringfenced’ with no changes  All other salary sacrifice arrangements will attract a benefit tax (BIK) equivalent to tax saving This will wipe out all the tax savings from salary sacrifice but (where applicable) other savings will remain. Deadlines/Grandfathering Any existing salary sacrifice arrangement or new arrangement implemented prior to April 6th will continue on the current rules until April 2018 For more polluting cars, accommodation and school fees entered into (ordered) prior to April 6th rules will not change until April 2021 For schemes such as cars that have always had a corresponding benefit in kind charge any changes will be minimal
  • 10. Salary Sacrifice your way to a new car today www.fleetevolution.com SO WHERE ARE WE NOW? Section 2
  • 11. Salary Sacrifice your way to a new car today www.fleetevolution.com Dead? Or Evolving? Typical components of salary sacrifice savings Up to 30% volume discount 20% tax saving 12% employee NI saving 13% VAT saving 5% cost of finance + convenience + time savings
  • 12. Salary Sacrifice your way to a new car today www.fleetevolution.com Dead? Or Evolving? Typical components of salary sacrifice savings Up to 30% volume discount 20% tax saving wiped out by BIK 12% employee NI saving 13% VAT saving 5% cost of finance + convenience + time savings But employers NI savings removed, portals beware
  • 13. Salary Sacrifice your way to a new car today www.fleetevolution.com Adaptable and Inclusive Simplicity is the Key Part time staff Living wage Contractors Established Staff less than 10,000 business miles High mileage essential users Plus fleet management and grey fleet management too!
  • 14. Salary Sacrifice your way to a new car today www.fleetevolution.com What is a ULEV? An ‘Ultra Low Emission Vehicle’ is one emitting less than 75grams of CO2/km driven Currently 200 on our scheme, 500 expected by end of year Electric cars with 200 mile range + £20,000 to £80,0000
  • 15. Salary Sacrifice your way to a new car today www.fleetevolution.com Our Engagement Strategy Pre launch teasers Launch with product 3 month refresh Eshots Catch ups Social Media Proactive calls Payroll Inserts + Parking season tickets Train season tickets Affinity Ecos
  • 16. Salary Sacrifice your way to a new car today www.fleetevolution.com Did You know? • In an IPP survey the company car was seen as the most attractive benefit by 25-45 year olds? • Salary sacrifice car schemes have now been introduced by 15% of employers who have a flexible benefit offering (1,000 employee plus) • 82% of adopters have never had a new car before • The typical saving is 30% compared to retail • The fastest car on our scheme does 0-60 in less than 3 seconds • Adopters of salary sacrifice car schemes report reductions in CO2 of 42%
  • 17. Salary Sacrifice your way to a new car today www.fleetevolution.com The Perfect Company? Employees Earning above £20,000 Above Average Retention Open to Heavy Promotion
  • 18. Salary Sacrifice your way to a new car today www.fleetevolution.com WHAT MAKES US DIFFERENT Section 3
  • 19. Salary Sacrifice your way to a new car today www.fleetevolution.com Why Choose Fleet Evolution? Every other supplier puts the emphasis on you making the scheme a success We put the emphasis on us, we take all responsibility for the schemes success Admin • Low admin • No FCA compliance needed Risk • No termination risk • No risk of issues around periods of no pay Costs • No set up cost nor minimum volume • No marketing cost or admin
  • 20. Salary Sacrifice your way to a new car today www.fleetevolution.com SALARY SACRIFICE CARS Section 4
  • 21. Salary Sacrifice your way to a new car today www.fleetevolution.com Maximise your Savings You can save up to half your motoring costs by taking a salary sacrifice car, but this saving is eroded by “Company Car Tax”, out simply the higher to CO2 the lower the saving and indeed some more polluting cars may be better taken as a personal deal…get the picture?
  • 22. Salary Sacrifice your way to a new car today www.fleetevolution.com Sub 50 50-100 g/km 100-120 g/km 120-130 g/km 45% Saving 33% Saving 25 % Saving 12% Saving Electric cars, Plug in Hybrids, Nissan Leaf Mitsubishi Outlander, BMW i3 Full Hybrids, Bluemotion, Econetic Models Lexus CT/IS Hybrids, VW Golf, Ford Fiesta Audi ‘Ultra’, BMW ‘Efficient Dynamics, Mercedes ‘Blue Efficiency” Some SUV’s/4x4’s, BMW 5 Series, Audi A5 CO2 Typical Savings (Compared to Retail) Typical Cars (in Band)
  • 23. Salary Sacrifice your way to a new car today www.fleetevolution.com Sub 50 51-75 76 – 120 Co2 120-130 g/km 45% Saving 33% Saving 20 % Saving 12% Saving Electric cars, Plug in Hybrids, Nissan Leaf Mitsubishi Outlander, BMW i3 Full Hybrids, Bluemotion, Econetic Models Lexus CT/IS Hybrids, VW Golf, Ford Fiesta Audi ‘Ultra’, BMW ‘Efficient Dynamics, Mercedes ‘Blue Efficiency” Some SUV’s/4x4’s, BMW 5 Series, Audi A5 CO2 Post April orders (Compared to Retail) Typical Cars (in Band)
  • 24. Salary Sacrifice your way to a new car today www.fleetevolution.com Benefits to Employer • Tailored to your requirements • Protection against risk • Fully managed • NI Savings • Increased level of applicants • Improves retention • Improves productivity The most ‘visible’ of all flexible benefits
  • 25. Salary Sacrifice your way to a new car today www.fleetevolution.com Questions? www.fleetevolution.com Request your login today