Salary sacrifice remains supported in the October 2024 budget
With the government’s commitment to support the take-up of electric vehicles (“EVs”) by maintaining competitively low BiK tax rates from 2028 to 2030, the Chancellor has provided the clarity and certainty required by company car and salary sacrifice providers.
Our retail-focused, online salary sacrifice platform already offers an array of features to support the user experience, promote our clients’ brand and enhance scheme uptake, including:
Promotion of stock and special offers to ensure the best deals are presented to users at multiple points throughout their salary sacrifice search
A unique comparator, incorporating a search by net salary sacrifice option alongside a range of other filters to help users quickly and easily discover their ideal car
Integrated motor insurance quotations with the latest premiums applied in real-time, together with early termination insurance (“ETI”) or protection options
A range of other customer set-up options catering for VAT recovery, sharing employer NIC savings, commission, and contingency planning
We’ve also recently added a customer-specific rate book option, allowing cars to be personally insured cars and dual branding so our clients can work in tandem with their key partners.
And, with the long-term certainty offered by the government’s ongoing incentivisation of EVs, over the coming months, we’ll be developing new features, including:
Home chargers
Used EVs
Enhanced promotion of stock and special offers
A micro comparator within the model selection filter
An enhanced analytics dashboard
An enhanced checkout process incorporating indicative pdf illustrations.
Ready to engage with salary sacrifice?
BCF Wessex is a leading specialist provider of salary sacrifice consultancy and software solutions to the UK leasing and broker market.
If you’re a leasing company, car manufacturer or leasing broker and you’d like to contact us for a demonstration or discussion about working with us and our scheme development and platform setup, please get in touch with us.
