Electric Car

How it works

Under the Salary Sacrifice Scheme, colleagues can take out a personal electric vehicle lease through our partners Octopus Energy.

As the car is leased through your gross salary, you can take advantage of the BIG national insurance and income tax savings of up to 40%. Benefit-in-Kind tax is also so low on electric cars (1% this tax year and 2% up to 2025), it’s a win all round.

The scheme includes:

• A fully electric car

• Fully comprehensive motor insurance and accident management services

• Servicing, maintenance, and repairs

• MOT and road tax

• Tyres

• Roadside assistance

+ You can also sign up to green charging solutions with Your Co-op Energy’s Community Power Tariff – allowing you to power your EV with energy generated from wind, solar and hydro!

 

How to claim it

Book onto your 1-2-1 with an EV specialist at Octopus EV to discuss the scheme by clicking here.

Get a quote by clicking here.*

*Be sure to use your employee email and use the following invite code: THE1645

 

To be eligible for this scheme you must:

• Be a permanent employee paid via PAYE

• Be employed on a permanent contract and have completed your probation period

• Be able to afford the salary sacrifice, meaning that your revised salary (taking into account other salary deductions) should not fall below national living/minimum wage

• Not be planning on retiring or resigning during the duration of your agreement