Salary Sacrifice Car Scheme

Salary Sacrifice is a scheme that allows you to exchange a portion of your pre-tax salary for non-cash benefits, such as driving away in your dream new Nissan car. By sacrificing a portion of your salary, you can enjoy significant tax savings and benefits that could include:

• Employees are able choose a brand-new car of their choice which will be leased over an agreed period, all in exchange for a single deduction from their salary, taken before any tax or national insurance deductions are made.
• Salary Sacrifice works just like any other employee benefits scheme, such as private healthcare, childcare vouchers, and the Cycle to Work scheme.
• Employees pay less Income Tax and National Insurance because deductions are made from their gross salary. They will, however, need to pay company car tax, or Benefit in Kind (BiK). The leasing agreement sits with the employer, but the vehicle is the employees to use.
• Savings increase if an Ultra-Low Emission Vehicle (ULEV) or Electric Vehicle (EV) is selected. BiK on EVs is as low as just 2% until the end of the 2024/25 tax year. This makes going green the obvious choice for employees.
• Just like with a company car, the insurance, breakdown cover, accident management, servicing and maintenance, replacement tyres and even glass repair are all included.
• It’s an all-employee benefit, providing that any salary sacrificed doesn’t take an employees’ salary below the minimum wage threshold.

Employees who receive their salary through PAYE and have their employer’s agreement – or the employer offers a salary sacrifice scheme to their employees - typically qualify for salary sacrifice program.

1. Choose your vehicle: Employees have the freedom to choose the vehicle that best suits their needs and preferences, including considerations for mileage and duration of use.
2. Salary Sacrifice Details: The employer or funder provides guidance on the salary sacrifice amount and outlines all associated terms and conditions, such as maintenance, insurance, and Road Fund Licence.
3. Tax Adjustments: Following notification to HM Revenue & Customs (HMRC), the employee's salary is adjusted accordingly, reflecting the agreed-upon sacrifice and any necessary tax code adjustments.

If your employer or funder includes Nissan vehicles as part of your scheme, explore our range of vehicles below to find the perfect fit for your needs and preferences.