Car Benefit Scheme...Drive for less with fixed price motoring.
New Cars Driven for Less...A new approach to salary exchange cars.
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Car Benefit Scheme...
We are pleased to be able to offer the following benefit, which is available to all employees earning above the National Living Wage. Gemelli Employee Benefits is able to provide the risk-free scheme, which delivers brand-new cars for staff complete with a range of available protections against maternity, paternity and sick leave, as well as redundancy and resignation. The Scheme is also carbon neutral, which is great for meeting environmental obligations.
Benefits to Employer...
- Financial savings on Employer’s National Insurance Contribution for Ultra Low Emissions Vehicles
- Bespoke and unique risk mitigation protections available
- Employers do not need to provide consumer credit to their employees
- Demonstrates commitment to staff - helps recruit, retain and motivate
- The Scheme is self-financing
- Improves green credentials as scheme promotes the use of Ultra Low Emission Cars and as the carbon emissions of all vehicles taken on the scheme is offset
- Assurance that cars are insured and maintained where vehicles are used on company business
Benefits to Employee...
- National Insurance savings are made on all salary exchange cars, with income tax savings also available for Ultra Low Emission Vehicles
- A wide range of cars are available at corporate fleet discount rates
- Substantial savings on comprehensive insurance
- Choice of lease agreements spanning 2, 3 or 4 years
- A fixed monthly amount also includes insurance, servicing, maintenance and tyres, road tax, accident management, breakdown cover and protection for lifestyle events such as resignation and redundancy
- No initial deposit or credit checks
What is Salary Exchange?Printable Version
Testimonials...
FAQ's...and Answers
When can I join the Scheme?
You can opt to join the Scheme at any time throughout the year.
What is included in the Car Benefit Scheme?
- A brand new car of your choice
- Maintenance of the vehicle including all servicing, batteries, exhausts and tyres
- Fully comprehensive motor insurance including all business travel for you. Any additional drivers are insured for social, domestic and pleasure purposes only unless requested otherwise
- Protection against penalty charges incurred as a result of exiting the scheme early due to you leaving your employer and returning a vehicle as a result of resignation, redundancy, loss of life and loss of licence on medical grounds
- Annual road tax
- Roadside assistance (homestart & recovery, UK & European cover)
- Relief car for when your car is off the road (if selected)
Could I get a similar deal by visiting my local motor dealer?
No, the National Insurance and fleet discount savings are only available via a salary exchange arrangement through your employer. There is also no deposit to pay, which is usually a substantial amount from a dealership.
How will a Salary Exchange Scheme affect my pension?
With a company pension your salary and the value of any salary exchange benefits may be considered as pensionable earnings.
Will Salary Exchange for the Scheme affect my Tax Credits?
Most people benefit but, if you are lower paid and claiming benefits or tax credits, before signing up for this scheme you should contact the HM Revenue and Customs for advice - Telephone 0845 300 3900, to check how using this scheme could affect your situation.
What happens if I resign?
If an employee leaves employment mid-term, they can hand the car back, at no cost to their employer provided they have completed the initial 6 month exclusion period. They can also purchase the car or potentially novate the agreement to a new employer (with their agreement) to continue it.
What happens if I go on maternity, paternity or adoption leave during my employment or have a long-term absence from work?
Participation in the Car Benefit Scheme will not take your gross pay below the statutory minimum levels applicable during periods of maternity, paternity or adoption paid leave and you may continue to have use of the vehicle. In these circumstances, you will need to provide your employer with a copy of your MAT B1 or adoption approval letter.
Where you are absent from work and your pay either falls below the statutory minimum levels or you are in receipt of no pay in any month, the salary exchange agreement will be suspended for that month. When you return to work the agreement will resume and continue for the remaining number of months. This may result in the salary exchange continuing after the car has been returned. In these circumstances, you will need to provide your employer with a copy of your ‘fit note’.
Will the Salary Exchange Scheme affect my application for loans or mortgages?
The lender will write to your employer for a reference and they will be provided with details of your Notional Salary which the majority of lenders will accept.
What if I also want to participate in other Salary Exchange Arrangements?
You will be able to participate in all schemes, provided you meet the rules of entry for each scheme and the reductions for your chosen salary exchange options do not take your salary to a rate below the National Minimum Wage.
Our Videos...
Watch our short Car Benefit Scheme video guides to understand how the scheme operates and an illustration of the savings on offer.
About the Car Benefit SchemeUsership versus Ownership Questions Answered