Good for your employees.
Good for your business.

Electra has several benefits for your business, including:

1. Cost savings: Your business will be eligible for tax incentives, such as reduced National Insurance Contributions, for both you and your employees. The more employees who switch to Electra, the greater NIC savings for your business.
2. Sustainability: Low-emission motoring is good for your Corporate Sustainability credentials.
3. Attract and retain employees: Offering electric car salary sacrifice as an employee benefit can help your business attract and retain talented staff who are environmentally conscious and looking for eco-friendly perks. They can drive desirable cars at a lower monthly cost.

Electric car salary sacrifice is an employee benefit scheme that enables individuals to exchange a portion of their pre-tax salary for a fully electric vehicle for personal use. The employee and employer agree to a salary sacrifice arrangement, and the employer uses the sacrificed salary to lease the electric car on behalf of the employee for a fixed-term contract.

The employee is responsible for the upkeep of the car. As a result, the employee may benefit from reduced income tax and national insurance contributions, as the sacrificed salary is paid with pre-tax income.

Nowadays, electric cars are becoming increasingly accessible to employees of all incomes, thanks to the availability of salary sacrifice schemes. As long as the employee's participation in the scheme does not result in their gross pay falling below the National Minimum Wage level, any employee should be eligible to take advantage of this opportunity.

Nothing! Electra will save you and your employees money! The scheme allows your employees to save money on income tax and national insurance, which in turn reduces your national insurance liability as their employer. It’s a win-win.

All limited companies are eligible for Salary sacrifice! In addition, we conduct a credit check for your business to determine the number of vehicles that can be included in the scheme.

Electra covers you for the event of an employee leaving your business. We include protection for you to avoid large early termination costs that can occur when you end a contract early. We like to give our customers the choice of protection, and we always discuss this at the start of the process to make sure the business and the employee understand they are all fully protected.

We keep this simple for you, after our initial discovery and understand what the business wants from the scheme, we then deliver a full customised scheme for your employees - designed to your specific needs. Your employees would have a full understanding if what the scheme involves and all instructions ready to engage with their own dedicated salary sacrifice expert to help and advise on each step of the process.

Fully comprehensive insurance is included, and the cost is fixed for the contract terms of the agreement. It can include additional drivers, but conditions may apply - please ask us for more specific requirements.