Green Car Scheme
The Car Benefit Scheme is a clever way to offer your employees a brand-new car, for a fixed monthly amount. The scheme is simple - like Cycle to Work schemes, employees offset some of their salary and can enjoy the benefits of a new car, without any deposit or ongoing running costs including road tax, insurance, MOTs, breakdown assistance and repair bills, while companies’ can take advantage of potential National Insurance savings as well as helping employees achieve income tax and National Insurance savings, depending on the car they choose.
Benefit in Kind tax for 2021/22 is just 1%, as well as 0% road tax, and those driving in to congestion zone towns and cities, won’t be required to pay charges. It’s free to set up and run, we also include an excellent risk protection as part of the scheme so you’re protected against the cost of employees going on sick leave, resigning or being made redundant.