EVs as Company cars

[SWoll]

caseys said:

SWoll said:

It maybe an industry/seniority thing, I work in IT and we've been looking to recruit for some relatively senior positions over the past couple of months.

Feedback during and post interview from a number of candidates has been around a lack of solution in this area compared to some of our biggest competitors and in a very competitive job market that has definitely cost us IMHO.

Whilst no-one expects the current situation to last forever, "make hay while the sun shines" seems to be the general consensus..

Working in IT and having a company car, which is admin'd by our fleet department and is fully inclusive has been probably one of the standout perks in the company.

When talking with headhunters at other firms, hardly anyone offers this anymore (big 4 in london, the main cloud providers etc) - and our company doesn't for new hires now in fact. Even with a bigger cash allowance for such a perk, the overhead of admin, insuring, maintenance etc, working out if I buy/lease/whatever is far less fun than knowing within a tax year on a salary sacrifice scheme (with an allowance) that I've got one fixed payment on the vehicle is a massive peace of mind.

Indeed. And when you are looking at more senior positions with salaries above £100k the SS approach for an EV is a massive draw due to the considerable tax savings involved.

£120k salary, £1500 month vehicle cost, actual cost to employee (including BIK) £618 or approx 40%.