FleetEV launch new salary sacrifice platform
Leading electric vehicle (EV) specialist, FleetEV, has launched an in-house technology platform specifically designed to support salary sacrifice schemes for SMEs and the public sector.
Offering a flexible, tax-efficient way for workforces to make the switch, FleetEV specialises in everything electric including comprehensive leasing and fleet solutions tailored to diverse client needs.
From a financial perspective, salary sacrifice schemes provide tax efficiencies for all involved, as employers can take advantage of National Insurance (NI) savings, while employees benefit from reduced income tax and NI contributions.
One of the standout features of FleetEV’s new platform is its ability to provide real-time, accurate quotes using tax code and salary information, rather than relying on estimates, ensuring employees know exactly what they are committing to, eliminating any financial uncertainty. Employers, too, can trust the integrity of the platform, knowing that there will be no unexpected financial discrepancies.
Additionally, the platform can be ‘white labelled’, allowing businesses to brand the platform as their own. This not only builds trust among employees but allows easy integration into each company’s existing HR or benefits infrastructure.
The technology also automates key processes, minimising the administrative burden on employers and allowing them to focus on their core operations.
Jarrad Morris, CEO and Founder at FleetEV, said: “Our new salary sacrifice platform is intuitive, efficient, and designed with simplicity in mind, making it easy for businesses to adopt and manage.
“In contrast to generic leasing solutions, our proprietary platform offers a seamless, fully managed experience tailored to the unique needs of salary sacrifice. By removing upfront costs and incorporating essentials like insurance, maintenance, and breakdown cover, it simplifies and enhances the transition to electric vehicles for any business.
“By adopting our platform, businesses can streamline their benefits management while simultaneously supporting their sustainability goals.”
FleetEV’s salary sacrifice platform is highly flexible and can be adapted to suit a business’ needs as they grow. For more information visit www.fleetev.com