Request a Quote

Here is some helpful information to read through before you start to find your new car:

  • When you first log in you will be asked to input your gross salary and tax code. Please only enter your contracted gross salary and do not include overtime or bonus payments.

  • The salary you forego in exchange for the car is called the salary sacrifice.

  • The quotes displayed when generated will be the net reduction in your take home pay

  • The net cost includes your car payment, any payroll savings generated from the payment and the value of benefit in kind tax to be paid. It also includes an estimate of any reimbursement that will be received for business related mileage at the appropriate rate.

  • The business mileage reimbursement is based on the estimated business mileage included in the quote. This reimbursement must continue to be claimed through the Knowles Fleet expenses system.

  • If you are expecting a change in your personal circumstances (maternity leave, adoption leave, paternity leave, sickness, or a reduction in basic hours worked etc.) or are in receipt of tax credits you should review the scheme rules and policy and carefully consider the impact to you.


    • Maternity Leave Example (Salary Sacifice) Pays Saves
    Salary sacrifice payment
    (From gross pay)    		 £373.33 -
    Savings on PAYE, NI & Pension - £148.94
    Benefit in Kind tax £102.70 -
    TOTAL £327.09 -


    Maternity Leave Example (Salary Deduction) Pays Saves
    Salary Deduction payment:
    (From Net pay inc.VAT)
    		 £434.00 -
    Savings on PAYE, NI & Pension - £0
    Benefit in Kind tax £0 -
    TOTAL £449.90 -

  • Please also be aware that entering into a salary sacrifice arrangement reduces pensionable pay and will affect your pension built up in that period. The overall effect from participating in SWFT's salary sacrifice scheme will reduce the amount of final benefits available to you. If you are in any doubt you should seek independent financial advice before making a commitment to join the scheme.

  • If you are unable to make your Salary Sacrifice payment, then you will be charged on a net deduction basis to avoid arrears; or if your earnings fall below the National Minimum wage, you may be asked to pay a termination fee and return the vehicle.

  • At the end of the arrangement, your vehicle will be collected and the payments from your salary will cease.

  • Car Benefit Tax is recovered at source via the payroll system, you will not need to inform HMRC that you have been provided with a company car or reference it in any self-assessment forms

  • Quotes are valid for 21 days however they are subject to change in the event of any changes in supply costs, interest rates or government grants or legislation.IT