Although the recent budget increased the tax burden on UK company car drivers’ salary sacrifice cars are now more compelling than ever! So say salary sacrifice car scheme specialist Fleet Evolution – April 2012
Andrew Leech said, ‘We’ve engaged with many businesses to introduce salary sacrifice schemes and the main concern most of them have is future legislation. What will happen if the taxation of company cars increases, how efficient will such a scheme be in the future?’
‘The guidance in the budget removes this uncertainty. Yes taxation on company cars will increase but the increase in personal allowance will still result in most of our customers’ employees seeing an increase in take home pay. This at a time when other motoring costs are increasing, service, tyres, even cost of finance.’
Fleet Evolution list their most popular cars as Ford Fiesta and Audi A1, both with low CO2 to maximise the benefit salary sacrifice car schemes can bring but with the latest range of engines from manufacturers they have seen huge savings for their customers on everything from a Citroen C1 to a BMW 5 series when compared to the cost of retail cars.
For more information please contact Fleet Evolution
Tags : budget car tax, low cost car, salary sacrifice budget, Salary Sacrifice Car Scheme