New insurance rules end loyalty ‘penalties’

By |2022-01-18T10:13:51+00:00January 19th, 2022|Insurance, News|

New rules enforced by the Financial Conduct Authority (FCA) mean that premiums charged to anyone renewing their private motor insurance can no longer be greater than the price offered to new customers for an equivalent policy. Now, you can expect your insurance policy to be on a level pegging for new and loyal customers alike.

Volkswagen Group asserts its EV authority in salary sacrifice market

By |2021-12-06T08:53:58+00:00December 6th, 2021|Electric Vehicles, News, Salary sacrifice|

Customers now have a much wider choice of models, many of which are from mainstream manufacturers and very competitively priced, and they are more willing to be a little more adventurous in their choice of vehicle. At the same time, more employers, in a very competitive labour market, are realising that a salary sacrifice electric vehicle scheme is an excellent way of attracting the best talent and so are willing to make such schemes more widely available.

Salary sacrifice and company cars

By |2021-07-21T11:49:49+01:00July 1st, 2021|Company car tax, Salary sacrifice|

SALARY sacrifice is a formal agreement between employee and employer to sacrifice some salary for a new car. Salary sacrifice is sometimes used as an alternative to the provision of a company car. However, Chancellor Philip Hammond announced changes from April 2017 in the 2016 Autumn Statement. This reduces some of the previous tax and NIC advantages of salary sacrifice [...]

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