CHAMPIONS (UK) plc, a leading business growth consultancy, has partnered with fleet management specialist CBVC Vehicle Management to manage its new electric vehicle (EV) salary sacrifice scheme.
The salary sacrifice scheme was launched at the end of February and is available to all eligible employees at Champions across its 100-strong workforce.
CBVC reports that takeup has been positive. So far four vehicles have been delivered in an electric only policy to help employees benefit from low benefit in kind tax rates and to help Champions reduce its carbon footprint.
Champions includes a variety of divisions:
- music and entertainment,
- influencer,
- after dinner speaker
- and event management.
John Hayes, CEO of Champions (UK) plc, shared the motivation behind the launch:
“Introducing salary sacrifice is part of our wider strategy to modernise our employee benefits and enhance staff satisfaction. Providing access to electric vehicles through a cost-effective scheme is both attractive and practical, and it supports our wider goal of staff retention.
“We chose to work with CBVC over other providers, primarily due to the personalised approach they offer. Their team is approachable, knowledgeable, and quick to respond to any queries, making the entire process smooth and transparent.”
Salary sacrifice is a tax efficient scheme which enables employees to exchange a portion of their gross salary for a leased electric vehicle, reducing their income tax and national insurance contributions (NIC). Employers also benefit from lower NIC costs and can provide the scheme as a valuable addition to an employee benefits package.
We’re delighted to partner with Champions UK on the new scheme and now is an ideal time for businesses to offer EV salary sacrifice to their employees. Not only is it a great attraction and retention tool, but it also provides excellent national insurance contribution savings at a time when those costs are increasing.
Mike Manners, Managing Director, CBVC Vehicle Management
Lucy Capaldo, Head of Communications for Champions, was the first to take delivery of a car through the scheme:
“I’m absolutely delighted with my new Audi Q4 e-tron – every day I feel like a kid in a sweet shop, it is an amazing car! Salary sacrifice is such a great employee perk – it makes electric cars affordable and helps the planet.”
The new salary sacrifice initiative augments the pool car supplier relationship that already exists between CBVC and Champions.
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