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Business - What’s a salary sacrifice scheme?

Please note that the information in this article only relates to Onto for Business accounts.

When an employee opts into an employer’s salary sacrifice scheme, they give up part of their gross annual salary in exchange for another benefit. This benefit could be a car. 

The arrangement can provide tax savings for both the employer and employee, as well as an opportunity for the employee to get a car more affordably.

For more information, we recommend you read our blog: Company cars and salary sacrifice.

Salary sacrifice and company car schemes

You’ll be glad to know our hire agreement makes it easy for you to offer your employees both a salary sacrifice scheme and a company car scheme.

Got any questions?

Please get in touch with our Onto for Business team by emailing business@on.to. We’ll be happy to help!

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