ECOnnect 26

ECOnnect 26

RISE IN SALARY SACRIFICE CAR SCHEMES AS EMPLOYERS LOOK TO STRENGTHEN GREEN POLICIES

With research highlighting that 86% of new graduates only want to work for employers with strong green credentials *1 , it has never been more important for organisations to have a comprehensive sustainability programme in place that benefits employees, the community and environment. Over the last 12 months, NWUPC Sustainable Fleet Solutions Framework supplier Knowles Fleet has seen a marked increase in demand for its greener car schemes as a tax efficient way to offer an attractive staff benefit that cuts carbon emissions and saves money too. Salary sacrifice schemes enable employees to exchange part of their monthly pay in return for a non cash benefit, in this case a new, lower emission car. Staff can save on income tax and National Insurance (NI) contributions, while employers benefit from Class 1 NI savings.

ECOnnect 26 - Page 5

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