Car lease scheme Our car benefit scheme is like Netflix for cars. For a fixed monthly amount, you can lease a new car with insurance, servicing, MOT, road tax, repair bills and breakdown cover included. All you’ll have to pay for is the fuel – unless it’s electric of course.
Contents
Does NHS car lease affect pension?
The NHS Car Scheme will operate as a salary sacrifice. This means that the employee’s salary is reduced to pay for the cost of the vehicle. By reducing salary in this manner means the employee will usually make savings on income tax, national insurance and pension contributions.
What is the NHS car scheme?
Get a brand new car, fully maintained and insured every three years, in exchange for a ‘salary sacrifice’ – a fixed monthly reduction from your gross salary, taken before tax and National Insurance, that could cost you less than a normal personal car lease.
Can I get a car through NHS?
NHS staff can get discounts on a range of car brands from Motorfinity with the Blue Light scheme. These include Abarth, Alfa Romeo, Audi, BMW, Citroen, Fiat, Ford, Hyundai, Jeep, Mazda, Mercedes-Benz, MG, MINI, Renault, SEAT, Skoda, Vauxhall and Volkswagen.16 juil. 2021
Why car leasing is a bad idea?
The major drawback of leasing is that you don’t acquire any equity in the vehicle. It’s a bit like renting an apartment. You make monthly payments but have no ownership claim to the property once the lease expires. In this case, it means you can’t sell the car or trade it in to reduce the cost of your next vehicle.
What month is the best month to lease a car?
Most new models are introduced between July and October, so this is the time that you should try to lease to maximize your savings. The only time it doesn’t matter when you lease is if the manufacturer is offering special lease deals.
Can you put a private plate on an NHS lease car?
There’s no reason why you shouldn’t be able to put a personalised licence plate on your lease car. As long as you let the funder know that this is what you are planning to do, the process is pretty straightforward. There are two ways you can do this. You can either do this before your car is delivered or after.
Do NHS staff get company cars?
The car benefit scheme, which enables employees to exchange part of their salary for a new car, complete with insurance, road tax, breakdown cover, servicing and tyres, is now available to more than 300,000 employees of the NHS in the UK. … That’s where the benefits package comes in.”19 juil. 2017
Do NHS lease cars include insurance?
Fully comprehensive insurance cover is included within the Scheme. In the event that the car will be used for business purposes other than that relating to your employer, NHS Fleet Solutions will require full details and will require alternative insurance arrangements to be made.
What is salary sacrifice NHS?
What is the salary sacrifice scheme? The way the NHS salary sacrifice scheme is designed means that a worker gives up a proportion of their salary in exchange for non-cash related benefits. For some, this can provide support with sometimes costly outgoings such as childcare and the expense of running a car.4 nov. 2020
Is leasing a car a good deal?
Leasing a car can make more sense than an outright purchase under a certain set of circumstances. The biggest factor is your annual mileage. If you put less than 15,000 miles per year on your car, then leasing might be a good option. Mileage is the most important element in determining your car’s resale value.
Is salary sacrifice worth?
The advantages of salary sacrifice are that you are buying the benefit in pre tax dollars. That is, if your tax rate is 32.5%, you get 32.5% better buying power. Example: Say an individual earns $100,000 a year and wants to buy a new car for work purposes, worth $22,000.
Does car giant do NHS discount?
Yes, we do.
Does Arnold Clark give NHS discount?
Yes, Arnold Clark offer NHS discount code for healthcare workers and staff. … They simply have to sign up for the NHS Club to receive the discount.
Does Audi give NHS discount?
we will be able to help and offer: Discounts on all new vehicles – with No Deposit deals for NHS staff. Additional £200 off the screen price of our used vehicles (over 300 in stock and access to thousands more)