Salary sacrifice occurs when you agree to give up part of your salary for an agreed period of time in exchange for a non-cash benefit, such as the supply of home and tech equipment. As salary sacrifice is taken from gross salary (before tax) rather than net pay, you will not initially pay any tax or National Insurance on the salary sacrifice amount.

However, the provision of the equipment is a taxable Benefit In Kind (BIK) that needs to be reported to HMRC on a P11D benefits form at the end of the tax year. A P11D form is used by employers to report any employee expenses, Payments and Benefits to HMRC, e.g. technology equipment, company car and private health insurance. Therefore, HMRC will recover the tax due, in arrears, via a change in your tax code the following tax year (April 6th – April 5th), you will still benefit from an NIC saving; up to 8% for basic rate taxpayers and 2% for higher rate taxpayers.  

With businesses and stakeholders increasingly aligning business objectives to carbon reduction plans and sustainability goals, this benefit ticks a lot of boxes. In addition to great savings and supporting financial wellbeing, the benefit helps to reduce e-waste and supports the growing circular economy. 

The benefit also aligns to CSR and ESG initiatives and messaging by providing a platform to promote sustainable procurement and encouraging tech recycling. This ultimately aims to slow down brand-new device production and the mining of raw materials. A phase which generates approximately 70% of the carbon emissions produced throughout a device’s lifecycle.

If an employee leaves during the agreement, the balance of the payment for their device(s) should be deducted from your final net pay (without NI savings).

Yes, you will be provided an online employer dashboard that tracks both savings, and the environmental impact of buying refurbished and recycling devices. Highlighting the impact of the benefit for stakeholders that are looking to encourage sustainability throughout the workforce.

There is no administration fee to pay.

The benefit can also be run on a NET pay basis. Whilst this approach doesn't provide NI savings, it removes the need to complete a P11D process.

Employees can save up to 60% vs buying brand-new. In addition, all prices for buying, selling and repairs are benchmarked vs leading retailers to ensure they are highly competitive at all times.

Smartphones, Tablets, Computers, Smart Tech, Games Consoles across all leading brands.

The benefit provides a trusted platform for employees to purchase refurbished devices, trade-in or recycle old tech, or repair devices to prolong their life cycle.

The terms differ per scheme. With Cycle to Work, the employer would take any outstanding repayment from the final salary payment, and Scheme Protect is available to alleviate employer risk. With Green Cars, the agreement is between the employee and the leasing company, who can assess the available options.

We fully manage our schemes to ensure they’re HMRC-compliant and inclusive to all employees. However, we cannot offer the scheme to employees if the repayments reduce their salary to below the minimum wage.

If you already use our Employee Discounts Platform, speak to your Account Manager about bolting on our salary sacrifice schemes for free. For new enquiries, complete our contact form and request a call.

Yes, all devices go through a 60-point diagnostic test including battery assessment, have been refurbished to strict government standards and come with a 1 year warranty.

Yes, this is offered as an anytime benefit so employees can access the benefit multiple times per year if required up to any limit set.

In lieu of a calculator (which we can build) we have this chart. Green Car calculators are highly complex. We have calculators we can replicate on our customer sites for C2W and SmartPay.

Yes, they can order multiple devices up to the order value limit set by the employer.

Yes, employers choose the spend limit per employee as part of the set up.

Typically, the benefit is offered over a 12 month period.

Yes! Our discounts are consistent. Retailer relationships may change over time, but once on the platform, discounts are available all year round. We also run ad hoc promotions where the savings are even bigger for a specific period.