Salary Sacrifice - Lease or PCP - advise please

[POIDH]

I come at this as the employer, looking at options for staff. I have 24 staff on the road daily, currently all under 10k/annum business miles and so all on mileage payment only @£0.45ppm. As a charity we have a relatively high turnover of staff as funding comes and goes, and therefore I am reluctant to have responsibility for PCP or Lease.

I have spoken with a company that offers PCP via salary sacrifice, for electric cars only. You work with local garage to choose car and find the deal you want. Intermediary company then works with employer and organises the PCP for you with the local garage you chose. Intermediary charges 5% of monthly PCP, included in the Salary Sacrifice payment each month. PCP with with the employee. Employer basically has no responsibility in this arrangement other than the Salary Sacrifice process and payment to Intermediary.

I also note that Lease/HP can be done the same way, but have not spoken with anyone about this.

Ideally we would only have electric or hybrid, with a focus on sustainability.

Questions:
- any experience of similar 'employee owns car' but gains Salary Sacrifice schemes?
- PCP vs Lease on such schemes - any difference?
- Is there a bigger benefit to the employee to go electric or hybrid?

[ST270]

Hi, you can look to a firm such as Octopus Energy for EV salary Sacrifice schemes. My business is an employee benefits brokerage and we provide guidance surrounding the schemes and link clients with Octopus directly. We don't charge for anything as we are reimbursed for a modest amount by Octopus if a scheme member takes out a lease on a vehicle.

The literature and guidance they provide is comprehensive and clear, I'd be pleased to chat through and send you some info if required, drop me a message and I'll share my contact / business info.

Regards, Marc

[ST270]

Further to this employees pay less BIK for EV over hybrid which is the main benefit (and less road tax)

Packages can include servicing, tyres and insurance so this can help reduce fleet insurance costs too...