LeasePlan is predicting growth in the market for salary sacrifice schemes after announcing the launch of its own product.
The company officially announced SalaryPlan in March after its plans were revealed late in 2009 (Fleet News November 19).
Matt Dyer, commercial director for LeasePlan, said: “Tax changes have meant the environment for company vehicles has become more complex.
“Salary sacrifice will be a nice addition alongside traditional company car schemes for many companies.
“We’re trying to ensure we produce the sort of design in it that allows all regulatory questions to be answered for a broad range of organisations.”
He added that the scheme could benefit between five and 10% of employees for its three-year deals.
Dyer warned that salary sacrifice could not provide a one-size-fits-all approach.
“Every organisation is different,” said Dyer, “With a different employee base, a different culture and different operational needs. Understanding if salary sacrifice will work for you, and how to best shape your scheme, can be a big but crucial first hurdle.
But Dyer also pointed out that with the growing range of low emission cars now available from manufacturers like BMW, Audi and Volkswagen, the schemes would be made attractive to many staff, particularly in organisations where staff retention is a priority.
LeasePlan will also be offering a number of extra services through SalaryPlan, such as accident management and insurance.
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