A brief overview of the Tusker Car Scheme Offering

The Tusker car scheme aims to make driving more affordable. Through salary sacrifice, Tusker offers employees access to a range of new and Pre-Loved vehicles, including electric vehicles (EVs) and ultra-low emission vehicles (ULEVs). Tusker’s scheme simplifies the process of driving a car, bundling costs such as insurance, maintenance, and breakdown cover into one monthly amount, deducted from the employee's pre-tax salary. This inclusive approach makes driving affordable and convenient for employees while promoting a greener way of driving.

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The main benefits for employees

For employees, the Tusker Car Scheme offers significant cost savings and convenience. By using a salary sacrifice arrangement, employees can drive a car of their choice while saving on tax and National Insurance contributions, especially on EVs and ULEVs. This makes driving a car through salary sacrifice more affordable than traditional financing or leasing options. Since costs for insurance, routine servicing, maintenance, and roadside assistance are included, employees don’t have to worry about unexpected car expenses, simplifying budgeting and reducing financial stress. Additionally, employees automatically benefit from Tusker’s buying power and full manufacture discounts.

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Employees who choose EVs or ULEVs reduce their carbon footprint and can avoid high fuel expenses – Zap-Map estimate the average savings on fuel to be around £1200 a year alone. Additionally, drivers of low-emission vehicles benefit from fewer emission-related charges, such as congestion charges in low-emission zones, which can further increase savings.

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Tusker’s scheme also supports flexibility and choice. Employees can select from a wide variety of vehicles, from compact city cars to spacious SUVs, ensuring there’s an option to suit their lifestyle and preferences. With flexible mileage and term options, plus the choice of new cars built to order, in stock vehicles and Pre-loved there really is something for everyone.

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The main benefits for employers

For employers, the Tusker Car Scheme offers a way to promote sustainability and reduce Scope 3 emissions. As organisations increasingly commit to reducing their carbon footprint, encouraging employees to drive EVs and ULEVs contributes to reducing the organisation’s overall emissions. This initiative helps employers meet sustainability targets and improves the company’s environmental credentials.

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The scheme is also a valuable tool for attracting and retaining talent. Today’s employees value companies that prioritise sustainability and offer meaningful benefits. Providing access to a car scheme demonstrates a commitment to employee wellbeing and environmental responsibility, helping employers stand out in a competitive job market. The Tusker scheme is easy to implement, with Tusker providing administration of the scheme, minimising the time and resources required from HR and payroll departments.

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Plus, there's the bonus of reduced employer National Insurance contributions. Since the employee is choosing to reduce their monthly salary in exchange for a car, it lowers the Class 1 National Insurance employers have to pay, with a typical EV generating around £3000 in Employer Class 1 NI savings. It’s a win-win - cost-effective for your organisation while boosting the value of your benefits program.

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Special features to highlight

• Inclusive Package: A standout feature of the Tusker Car Scheme is its complete motoring package. Unlike typical car leases, Tusker’s scheme includes insurance, maintenance, breakdown cover, and road tax in the monthly amount, ensuring that employees don’t face unexpected car-related expenses. 

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• Flexible options for lifestyle events: If an employee’s circumstances change, such as leaving the company, Tusker offers options to return the car without penalties under a range of conditions. This flexibility provides employees and employers with peace of mind, knowing they aren’t locked into a rigid arrangement or faced with the liability of the car.

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• Comprehensive Support: Tusker provides educational resources and support to help employees understand low-emission driving. This includes details on home charging, public charging networks, and maximising vehicle efficiency. This guidance ensures a smooth transition to driving EVs or ULEVs and builds confidence in their decision.

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Conclusion

The Tusker Car Scheme is a valuable employee benefit that provides both financial and environmental advantages. For employees, it offers an affordable way to drive a car with a simplified, inclusive package. For employers, it supports sustainability goals, attracts talent, and reduces National Insurance contributions. With flexible options and extensive support, Tusker’s car scheme is an effective way to promote greener transportation and enhance employee engagement and wellbeing.

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