XPO Logistics has launched a salary sacrifice scheme with Arval, offering fully electric cars or plug-in hybrid electric vehicles to its employees.
The salary sacrifice scheme is open to all permanent XPO Logistics staff who have completed at least six months of continuous service with the firm.
XPO Logistics says that the car scheme aligns with its sustainability goals – particularly its commitment to carbon neutrality by 2050.
Lynn Brown, vice president of human resources for the UK and Ireland at XPO Logistics, said: “Through this scheme, we reaffirm our commitment to employee welfare and the environment. We provide solutions that simultaneously benefit our team and the planet.
“This initiative reflects our core values of innovation, people focus, and sustainability in action at XPO Logistics."
The advantage of salary sacrifice is that employees no longer pay income tax or National Insurance Contributions (NICs) on the amount of salary sacrificed.
The amount employees save will depend on their personal incomes. For example, an XPO employee on a £30,000 salary typically saves 20% income tax and 12% NI (Total: 32%) on the salary sacrificed. Someone with an income of £55,000 can save 40% income tax and 2% NI (42%) on the salary sacrificed.
XPO says that deploying the salary sacrifice scheme will boost employee satisfaction by providing accessible, eco-friendly transport options.
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