There are great benefits for both the employer and employees. Some of the key benefits to the employer include no set up or monthly management fees. The scheme will enhance the benefits package and support with employee retention. It is also a fantastic way to encourage employees into an electric vehicle because of the tax savings that can be achieved. There is also an opportunity to make Employer NI savings with a salary sacrifice scheme.
As an employee, they will not be required to complete a credit check or pay a deposit. The monthly cost is fixed for the duration of the agreement making it a great way to budget whilst making tax savings. The vehicle will be fully maintained, insured, covered for tyres, travel abroad and MOTs. It is also one of the most affordable ways to drive an electric vehicle.
The scheme is accessible through KINTO’s user friendly online quoting and ordering portal. KINTO will also support the day to day running of the scheme and are on hand to answer any questions employees have.