Check out this guide that explains exactly what's included in salary sacrifice and how much it costs.
Once your business has joined the scheme, the employer decides who can get an EV through it.
As a minimum, a member of your team needs to have completed your probation period, be on a permanent contract and paid via PAYE, and hold a valid UK driving licence. They must also be able to afford the vehicle without going below minimum wage and not be planning on retiring during the length of the contract.
See the additional insurance eligibility criteria here .
We love answering this. It costs you nothing . Our salary sacrifice scheme is totally free for employers to set up.
It’s a win-win. You get to supercharge your employee benefits package and your team can save up to 40% when they switch to an electric vehicle.
We make it hassle-free for employers to manage the scheme, with our digital-first approach.
Through our dedicated HR dashboard, employers can get all the information they need about the scheme, making it super-simple to launch, approve orders from their team, complete tax and carbon reporting and more.
Octopus EV have early termination protection built into their scheme for a variety of circumstances to avoid any fees being paid. It is best to discuss this with Octopus EV to understand their terms and conditions in more detail.