
CBVC expands salary sacrifice to include used car leasing
The fleet management provider’s online platforms have been expanded to include ex-fleet cars which are typically less than three years old.

The fleet management provider’s online platforms have been expanded to include ex-fleet cars which are typically less than three years old.

Around 15% of employers said at least 2% of staff reduced or opted out of pension contributions in the past year.

Reeves said these reforms are designed to create fairer opportunities for young people, safeguard pensioners’ incomes, and ensure businesses operate on a level playing field.

Clare Lusted said: “At a time when employers are looking for ways to support their workforces, more supportive measures would have helped them to do so.”

Details from the leaked OBR forecast has sset out plans to end National Insurance (NI) exemptions on the majority of salary-sacrificed pension contributions from April 2029.
Research found 91% of Pensions UK’s members were worried about possible pension tax changes.

EZOO said that it has seen significant interest from companies looking to switch to a salary sacrifice scheme.

Following a pilot in May, the scheme was launched in September as an employee benefit at a dedicated event at Tara Group’s headquarters.

The measure is being positioned as a replacement for lost fuel duty as drivers shift to battery power.

Market testing showed that 89% of businesses wanted hybrid options in order to support employees who are not yet ready for EVs.

Elements of pension tax relief, salary sacrifice schemes and the long-standing 25% tax-free lump sum could be reviewed as part of an effort to close a £22bn funding gap.

All cars have passed the AA Safety Inspection and are provided with a full service history, a manufacturer battery warranty and a maintenance package.
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