Tackle financial and workforce challenges with confidence.
Our Academies Guide is your essential resource for building financial stability while supporting staff well-being. Packed with practical strategies, this guide helps you navigate budget cuts, unlock financial freedoms, and implement impactful benefits to create a thriving environment for your team.
In this guide, you’ll learn how to:
- Manage budget constraints effectively.
- Support your staff’s mental health and well-being.
- Enhance employee benefits to attract and retain talent.
- Introduce salary sacrifice schemes for green cars.
- Salary Sacrifice Schemes for Academies
- A sustainable way to drive employee satisfaction and financial savings.
What is a Salary Sacrifice Scheme?
A salary sacrifice scheme is a simple, cost-effective benefit that enables employees to access a fully managed, brand-new car by sacrificing a portion of their gross salary. This unique offering supports one of the largest household expenses – transport – while reducing environmental impact through greener vehicles.
Key Benefits for Your Team:
- Exclusive discounts: Access a wide range of cars at Fleet Evolution’s negotiated bulk rates, saving up to 45% compared to retail prices.
- Fully managed service: From order to delivery, we take care of everything – including roadside recovery, servicing, and maintenance.
- Cost savings: Payments are deducted from gross salary, saving on tax and National Insurance.
- Fuel efficiency: Modern vehicles – whether petrol, hybrid, or electric – deliver significant savings on running costs.
- Convenient delivery: Cars are delivered to home or work at a time that suits your staff.
While salary sacrifice schemes offer substantial benefits, it’s important to understand the finer details:
- Impact on gross salary: Reducing gross pay may affect pensions or other benefits – check with your employer for specifics.
- Tax considerations: HMRC applies benefit-in-kind (BIK) tax, which is reflected in your quote. Choosing low-emission vehicles, like hybrids or electrics, helps maximise savings.
- Commitment: Agreements last 2-4 years. If the employee changes jobs, they may need to take on the car personally.