You can have almost any vehicle that you would like (vehicles available to you will be dependent on your company’s requirements and what is currently available in the UK). There is no set price list; all quotes must be provided individually through the Alphabet Salary Sacrifice portal, which must be authorised by your employer. All prices are discounted through our scheme and so dealer offers do not apply.
What is Salary Sacrifice and how does it work?
A Salary Sacrifice Car Scheme is a great extra benefit you can offer your employees. It’s simple to set up and manage, and our dedicated team is here to support your business every step of the way. As Alphabet is ‘Highly Recommended’ in Fleet Report’s 100 Trusted Brands for Salary Sacrifice, you can trust us to provide the help you need.
Once your business’s Salary Sacrifice scheme is set up, your employee can choose a new car from a wide selection of vehicles currently available in the UK through our dedicated website. They can compare quotes, select any additional extras, and submit their choices for approval.
As their employer, you then deduct an agreed fixed amount from their salary each month, before income tax and National Insurance are applied, for the full length of the contract.
Key benefits
What are the key benefits for your business?
Salary Sacrifice could save you the cost of car allowances, while the lower tax levels paid by participating employees are reflected in your Class 1A National Insurance Contributions.
Our expert team offer support implementing and managing your scheme. We also supply formatted payroll reports to make deductions simple.
Employees can explore as many quotes as they like, with all costs shown clearly, including maintenance and breakdown cover. You stay in control.
By encouraging your employees to select low and zero-emission cars, you will improve your sustainability credentials.
What are the key benefits for your employees?
Alphabet Salary Sacrifice car schemes give employees affordable access to a brand new vehicle for 2, 3 or 4 years. They don’t need to pass a credit check either, as the employer will calculate their affordability.
As well as no deposit, the “salary sacrifice” stays the same for the duration of the lease period the employee has chosen, helping them to budget accordingly.
With a Salary Sacrifice car, employees don’t have to worry about the cost of maintenance and servicing, or the car losing value, that come with outright ownership.
Top 5 driver FAQs
All quotes include Road Fund Licences, MOT’s, servicing, maintenance, replacement tyres, windscreen damage and breakdown cover.
Yes, you still have to pay Benefit in Kind Tax in line with the HMRCs requirements. Please note BIK varies depending on the vehicle you choose. Electric vehicles attract much less BIK than petrol or diesel vehicles.
When choosing a vehicle using our online portal you will see the itemised quote which includes the amount that will be deducted from your Salary should you decide to go ahead with the vehicle. Your Company/Payroll department will be automatically informed of the amount.
Please refer to the Government website www.gov.uk for information.
Speak to our team
Get in touch with us to discuss setting up a Salary Sacrifice car scheme.