Did you know you could save money and be a great employer at the same time? By offering benefit in kind to your employees you can. A benefit in kind is any non-cash benefit of monetary value that you can give or provide to your employee. This could include private health insurance, free meals, and even company cars.
The great thing about benefit in kind is that it can save your business money, and there’s huge saving available by going electric on your cars. In comparison to driving a BMW 330e M Sport, by driving 20,000 miles in one year in a fully electric Tesla Model 3 your employees (taxed at 40%) would save £1,916 annually. Your company will save £662 in employer’s class 1A National Insurance. You would save a further £2,000 in fuel, simply by swapping to electric.
Saving on fuel means you need electric charging points for your new electric company fleet. Lucky for your business, we offer electric vehicle charging grants especially for businesses. The OLEV Workplace Charging Scheme offers grants up to 75% of the cost of your workplace Electric Vehicle charging point capped at £500 each, meaning you could receive up to £10,000 towards your installation costs.
Our NICEIC UKAS qualified technicians will install safe, high quality charging systems at your work premises. We offer a 3-year warranty on the charging systems so you’re covered. We’ll make it as easy as possible to be kind to your employees, your business, and the environment.
Find out more about our electric vehicle charging point installation process or get in touch for a bespoke quote for your business.