What is a salary sacrifice scheme?
A salary sacrifice scheme lets employees drive a brand-new electric car or nearly new electric car in exchange for part of their gross salary. Because payments are taken before tax and National Insurance, they save up to 40% tax (depending on the tax bracket they fall in) compared to a personal lease or hire purchase finance.
For employers, it’s a cost-neutral benefit that shows you care about your people and the planet.
What is included in a salary sacrifice?
Why it’s a win-win for SMEs
On top of the savings from salary sacrifice, there are also government grants available for electric vehicles and chargers that can help reduce upfront costs even further. From home charging point support, reducing the cost of lower priced vehicles up to £37,000, and incentives for businesses installing workplace chargers, these grants make the switch to electric even more affordable. Octopus EV will guide you through what’s available and how to apply, so you and your employees don’t miss out on extra savings.
For your business:
- Zero cost to set up – free for SMEs, no hidden charges.
- Minimal admin – Octopus EV and Business Clan handles everything.
- Boost your brand – attract and retain top talent with a sustainable perk.
- Lower emissions – take a practical step towards net zero.
For your employees:
- Up to 40% savings – thanks to income tax and NI savings.
- Everything included – insurance, servicing, tyres, and breakdown cover.
- Free home charger or public charging credit included in many packages.
- Stress-free driving – no upfront payments, no hidden extras.
How it works
- Sign up through Business Clan: Use your unique referral link to connect with Octopus EV.
- Exploration call: Octopus EV’s team will walk you through how the scheme works for your business.
- Onboarding made easy: They’ll manage the paperwork and help you launch the scheme for your employees.
- Enjoy the benefits: Your team can choose from a wide range of electric vehicles and start saving.
Ready to make the switch?
Whether you’re a business owner exploring ways to reward your staff, or an employee eager to get behind the wheel of an EV, joining is simple.
👉 Start your journey here
Filling out the Salary Sacrifice information request form will automatically notify Octopus EV to get in touch with you for a friendly, no-pressure call to kick things off.
Frequently asked questions
No – it’s completely free for businesses.
A wide range of electric vehicles, from Tesla’s to more affordable options.
Not at all. Octopus EV handles the admin, making it simple for SMEs.
Take the next step today
Make your business greener, your team happier, and your costs lower.
👉 Use our referral link to get started.