Employees
As employees, you deserve to have access to the best company benefits on offer. Allowing you to get behind the wheel of a brand-new car at a fraction of the price compared to other leasing methods.
The process is simple too, with payments coming directly out of your pre-tax salary, allowing you to benefit from lower lease payments and a reduction in taxable income.
What is Salary Sacrifice?
It's the opportunity to use some of your salary before Tax & National Insurance is deducted, to pay for a brand new leased vehicle. It means you can save money by reducing your Income Tax & National Insurance contributions compared to personally leasing the same vehicle.
The benefits increase significantly if you lease a pure electric vehicle.
Why go electric?
Choosing an electric vehicle not only makes your switch from petrol or diesel easier, but also enhances your salary sacrifice further, with...
- The ability to include a fully fitted home charging point
- Low Benefit in Kind (BIK) charges
- Zero tailpipe emissions
- Free parking in some cities
- Lower running costs
- ULEZ compliancy
How it works...
Introduce Us
Refer your employer and we'll contact them directly to explain the scheme and its benefits.
Employer Signs Up
We work with your employer to design and implement a tailored salary sacrifice scheme.
Select Your Vehicle
Once the scheme is live, access our deals and we'll help you choose the perfect car.
Drive & Save
When your vehicle arrives, payments are automatically deducted from your salary.
Refer your employer to enjoy enhanced savings and drive a brand new car with our salary sacrifice car deals
Already setup with Yorkshire Fleet's Salary Sacrifice scheme? Sign-in to our portal to generate your quote now...
Employee FAQs
No - employees need only participate if they wish to. The scheme is open to all eligible employees within the following criteria:
- Your gross basic pay must not fall below the applicable National Minimum Wage or National Living Wage at any time during employment, after the salary sacrifice reduction.
- You must have held a full UK or EU driving licence for a minimum of 12 months.
- You must be a permanent PAYE employee for a minimum of 6 months and have completed your probationary period.
- You must not have resigned, be at risk of redundancy or due to retire before or during the lease period.
- You must not be long term absent due to illness or leave.
- You must meet teh vehicle insurer's elibility criteria e.g. age, claims & convictions.
There is extensive information on HMRC's website relating to salary sacrifice arrangements. Additonally, you can take external advice.
Yes - you cannot sacrifice your salary to an extent which will cause your earnings to fall below the applicable National Minimum Wage or National Living Wage.
(Your employer may impose other exclusions, you would need to speak to your employer to clarify)
Your student loans will be affected, as they are calculated based on your gross salary, which will be reduced by salary sacrifice. This is something to consider, as the repayment of student loans may then take longer.
Private sector pensions, where both the employee and employer contribute monthly, should not be affected by salary sacrifice. This is the most common type of pension. Your pension contributions are calculated based on your salary before salary sacrifice is deducted from your gross salary.
No - the variation to your employment terms relates only to the agreed reduction in gross salary and the provision of the benefit described; your terms and conditions will remain unchanged.
Termination fees will apply should you wish to terminate the lease before the end of the agreed term.
However, in certain circumstances when you experience a life event, for example long-term sickness or maternity leave, you may be able to withdraw from the scheme without being liable for the termination fee.