Dylan RobertsonResearch has shown that 61% of drivers in, or considering, salary sacrifice car schemes are trying to reduce their tax burden.
The survey, conducted by Venson Automotive Solutions, showed that 40% of those in or considering such schemes are motivated by wanting to switch to an electric vehicle (EV), which they wouldn’t otherwise be able to afford.
Simon Staton, client management director at Venson Automotive Solutions, said: “Salary sacrifice car schemes are no longer just a tax-efficient perk, they are a critical tool for fleet professionals and their HR colleagues, which can make or break employee recruitment and engagement.”
Salary sacrifice schemes were found to be especially attractive to younger employees; 75% of 25 to 34-year-olds said they would choose a job with salary sacrifice over one without, all else being equal.
Staton added: “Our survey has really illuminated the value both current and future employees place on benefits like these.
“Salsac helps employees drive the eco-friendly car they want in a neat financial package that makes them feel rewarded and valued by their employer. All while helping to support low-emission fleet goals.”
35% of those surveyed said the schemes took away the unpredictable aspect of car ownership, as all monthly car costs are included.
It comes after a YouGov poll showed that 53% of Britons expected the economy to enter a recession in the next year.
