How Salary Sacrifice Can Save You Thousands on a New EV
- TCH Salsa
- Jun 5
- 2 min read
Updated: Jul 15
Thinking about switching to an electric vehicle (EV) but worried about the cost? What if we told you there’s a smarter, more affordable way to drive a brand-new EV, while saving thousands of pounds in the process?
At TCH Salsa, we specialise in helping employees access electric cars through their employer’s salary sacrifice scheme. It’s a tax-efficient, hassle-free way to go electric - and it could be the smartest financial move you make this year.
What Is a Salary Sacrifice Car Scheme?
A salary sacrifice scheme allows you to lease a brand-new electric car by giving up a portion of your gross salary. In return, you get a fully maintained EV, including insurance, servicing, tyres, and breakdown cover - all wrapped into one fixed, easy monthly cost.
As the deduction from your salary is made before tax and National Insurance, you pay less in taxes overall, often making it cheaper than a personal lease or outright purchase.
Key Benefits of Salary Sacrifice for EVs
Tax Savings
By reducing your gross salary, you lower your income tax and National Insurance contributions. For higher-rate taxpayers, the savings can be substantial - often £2,000 to £4,000 per year.
Ultra-Low Benefit-in-Kind (BIK) Tax
Electric vehicles benefit from extremely low BIK rates - just 3% in 2025. That means you get to drive a premium EV for a fraction of the cost of a traditional company car.
All-Inclusive Leasing
Your monthly payment includes:
Vehicle lease
Fully comprehensive insurance
Servicing and maintenance
Breakdown assistance
VED
No hidden costs. No surprises.
No Upfront Deposit
Unlike many personal lease deals, salary sacrifice schemes often require no deposit, making it easier to get behind the wheel of your dream EV.
Why Go Electric Now?
With the UK’s 2030 ban on new petrol and diesel cars approaching, there’s never been a better time to make the switch. EVs are:
Cheaper to run
Better for the environment
Packed with cutting-edge tech
And with TCH Salsa’s salary sacrifice scheme, they’re more affordable than ever.
Is Your Employer On Board?
If your company doesn’t yet offer a salary sacrifice car scheme, we can help. TCH Salsa works directly with employers to set up and manage schemes with minimal admin and maximum benefit.
Ready to Drive a Brand-New EV and Potentially Save Thousands?
Join the many UK drivers already saving with TCH Salsa. Whether you're an employee looking to switch or an employer ready to offer a powerful new perk, we’re here to help.
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