Finance and Procurement
Helping Finance & Procurement Understand Salary Sacrifice Car Benefit Schemes
We get it. When you’re introducing a new benefit, you need to make sure it is financially right for your company and your employees, without taking up too much of your time. That’s why the Tusker Car Benefit Scheme involves minimal admin and won’t cost you a penny. In fact, there are significant savings to be made if employees order a fully electric car or Ultra Low Emission Vehicle (ULEV). Plus, there could be pension savings available for some public sector organisations, too.
Like other salary sacrifice schemes, the Car Benefit Scheme lets employees give up part of their salary under the terms and conditions of their employment. In return, you agree to provide them with a non-cash benefit – in this case, a car. It’s a tax-efficient way for organisations to provide employees with a brand new, fully insured and maintained car at a lower cost than they could secure in the retail market.
Financial and procurement benefits of Tusker
We don’t want you to jump through multiple hoops to make a decision. That’s why we work with a number of leading procurement frameworks with direct call-off to meet your existing requirements. We’ll give you everything you need to know upfront and a dedicated Account Development Manager is only a phone call away to answer any questions.
Low risk to your business…
You are fully protected in the event an employee is made redundant or leaves. We’ll simply take the car back if an agreement is terminated, as long as the initial exclusion period is completed.
Minimal admin to run the scheme…
You’ll need to approve an employee’s order and delivery, as well as payroll reductions. We’ll work with you every step of the way to implement and manage the scheme.
How does Tusker compare?
With a huge range of vehicles to choose from, different fuel options available and amazing savings when you go green, Tusker offers an affordable way to drive a brand new car. Just like Cycle to Work and Child Care Vouchers, monthly amounts are deducted before income tax and National Insurance, so you know exactly how much you need to budget each month.
You don’t have to worry if your car has a fault, a flat tyre or if it breaks down as routine servicing and maintenance is included as standard. There are hundreds of cars to choose from.
A Tusker car is better by far. For an accurate quote and to see how much you could save, log in or create your account.
Download our employer guide
 |
|
|---|---|
| No upfront deposit | |
| Running costs included | |
| Car insurance | |
| Breakdown cover | |
| Servicing, repair and MOT | |
| Replacement tyres | |
| Tax savings available * |
Our trusted partners include…
Tusker Case Studies
Articles about Employer
Ready to introduce Tusker to your business?
Get in touch now and we’ll tell you everything you need to know and help you sell the Tusker scheme into the wider business.
Get in touch