What is TCH Salsa?
TCH Salsa is a scheme which enables employees to acquire a brand new car every 2 or 3 years under a Salary Sacrifice arrangement with their employer. By agreeing to a reduction in your salary which goes towards paying the monthly rental for your car, you can save an amount of tax and national insurance on the remainder of your salary. Although you have to pay company car tax as the provision of the car by the employer is classed as a ‘benefit in kind’, the tax and NI savings often outweigh the company car tax. Each vehicle supplied on the Salary Sacrifice scheme includes road tax, all servicing and maintenance, breakdown cover, all tyre replacements, and fixed premium, fully comprehensive insurance (with up to two additional drivers if required) for the whole of the contract.