Northern Ireland Electricity Networks car salary sacrifice scheme offers all qualifying employees a simple, more affordable and stress free way to drive a brand new electric vehicle (EV) and help reduce the corporation's carbon emissions.
Through the scheme, you can lease a brand new vehicle under a salary sacrifice arrangement, utilising the discounts available to Northern Ireland Electricity Networks. All electric makes and models can be driven under the scheme, with servicing, maintenance and insurance all included.
Salary sacrifice is when you agree to swap part of your monthly pay before tax for a non-cash benefit, in this case a company car. As your gross salary is lower, you benefit from savings on your income tax and national insurance.
Northern Ireland Electricity Networks is working in partnership with Knowles Fleet to run the scheme which offers unlimited, personalised quotes based on your car choice and mileage to ensure you find the perfect vehicle for you. Knowles Fleet’s expert team is also on hand to support you throughout the term of your lease.
More savings
Ryan is 43 Years old, earns £35,000 per annum & travels 10,000 miles PA
Car: MG 4
| Pays | Saves | ||
|---|---|---|---|
| Salary sacrifice payment (pre-tax and no VAT paid) |
£605.00 | - | |
| Savings on Income Tax + NI | - | £193.00 | |
| Benefit in kind tax | £9.00 | - | |
| TOTAL | £421.00 | - | |
