CBVC partners with Champions UK to offer EV salary sacrifice scheme for employees

From Yahoo Finance: 2025-05-12 10:32:00

CBVC Vehicle Management partners with Champions (UK) plc to launch an electric vehicle (EV) salary sacrifice scheme for employees. The scheme offers full battery electric vehicles (BEVs) to reduce Benefit in Kind (BiK) tax rates and support carbon reduction efforts. Four BEVs have been delivered so far to Champions’ workforce.

The partnership aims to help employers reduce national insurance contributions and enhance attraction and retention. Champions selected CBVC for its consultative and responsive service in implementing the EV salary sacrifice scheme. This move comes at a time when businesses are facing increasing employment-related costs.

Salary sacrifice schemes allow employees to lease an EV using a portion of their gross salary, benefiting from reduced income tax and NIC liabilities. Employers also save on NIC contributions while providing a sustainable and valuable perk to their workforce.



Read more at Yahoo Finance: CBVC supports Champions UK with rollout of EV salary sacrifice scheme