The UK’s Transport Research Laboratory (TRL) has launched a salary sacrifice car scheme for its employees.
Through the scheme, which is provided by Leasedrive, employees at the transport innovation, research and advice company will be able to sacrifice some of their salary in exchange for a new car, which is fully serviced and maintained.
Employees will save tax and national insurance (NI) contributions on the money sacrificed, while the employer also saves on NI payments.
Naomi Barringer, HR manager at TRL said: “We have enjoyed close business relations with our neighbours Leasedrive here at our head office since it moved into its hi-tech headquarters in 2004, so it seemed only natural that when we considered rolling out a salary sacrifice car scheme, we should turn to it and tap into its expertise in this area.
“We do not operate a company car scheme and the introduction of this mycar salary sacrifice benefit should encourage many of our staff to enjoy a more fuel efficient, fully serviced and maintained new car at a fixed budgeted monthly cost.”