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Cars

For a salary sacrifice car scheme the company leases a car, with the monthly lease cost of the car being deducted from the employee’s salary. This provides income tax and National Insurance savings for the employee and National Insurance savings for the employer.
Our supplier for these is the national distributor T C Harrison (TCH Salsa). They offer:

  • Pre-negotiated discounts
  • Dedicated website for quotations and ordering
  • Choice of 2 or 3 year contracts, to suit
  • A fully inclusive product that includes the car lease cost, road tax, servicing, maintenance, tyres, breakdown and insurance

With cars, like any of the various salary sacrifice schemes, you can make them available to all employees who are earning above the minimum wage. Alternatively low emission cars can be used as a tax planning tool.

Contract Hire

For owner managed companies where directors and shareholders are remunerated by a lower salary and dividend income (thereby negating salary sacrifice car schemes) Veritas can organise competitive Contract Hire quotations. If this is of interest please send quotation requests  and details of the car you require to contracthireenquiries@veritas-rewards.co.uk

Major Advantages

  • No large deposit required
  • No credit checks on employees
  • Young drivers (18+) can be added to the insurance policy at a significantly reduced cost than annual retail policies - at a fixed 2 or 3 year premium.

Scheme Set-up

We will take you through the following steps:

  • Establish a line of credit
  • Complete a Master Hire Agreement
  • Set-up an Employee Agreement
  • Choose a car
  • Employer authorises order
  • Vehicle is delivered

Examples of possible savings for employee (monthly cost)

Based on a 20% taxpayer paying 12% national insurance

Optional extras available. We recommend that you add metallic paint as in many circumstances this will not increase the monthly cost.

Quote Details
Company car quotation
PEUGEOT 108 HATCHBACK 1.0 Access 3Dr £240.82
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £240.82
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 20% £48.16
Reduction in NI based upon a marginal rate of 12% £28.90
Total £163.76
Company car tax payable £25.98
Estimated net cost to employee £189.74
Saving £51.08
Vehicle P11d Inc. extras £8,660.00
Benefit in kind Co2 band 14.00%
Total monthly taxable benefit £25.98

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Solid paint, Tyre puncture repair kit, MP3 compatible radio/single CD player and USB connection included as optional extras. We recommend that you add metallic paint as in many circumstances this will not increase the monthly cost.

Quote Details
Company car quotation
FORD FIESTA HATCHBACK 1.25 [82] Style 5dr £296.83
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £296.83
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 20% £59.37
Reduction in NI based upon a marginal rate of 12% £35.62
Total £201.84
Company car tax payable £50.95
Estimated net cost to employee £252.79
Saving £44.04
Vehicle P11d Inc. extras £13,290.00
Benefit in kind Co2 band 19.00%
Total monthly taxable benefit £50.95

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
VAUXHALL ASTRA HATCHBACK 1.0T 12V ecoFLEX 5dr £303.18
Contract terms
Hire Duration 3 Years
Contract annual mileage 6,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £303.18
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 20% £60.64
Reduction in NI based upon a marginal rate of 12% £36.38
Total £206.16
Company car tax payable £49.68
Estimated net cost to employee £255.84
Saving £47.34
Vehicle P11d Inc. extras £16,560.00
Benefit in kind Co2 band 14.00%
Total monthly taxable benefit £49.68

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
RENAULT CAPTUR HATCHBACK 0.9 TCE 90 Expression+ 5dr £295.88
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £295.88
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 20% £59.18
Reduction in NI based upon a marginal rate of 12% £35.51
Total £201.19
Company car tax payable £52.12
Estimated net cost to employee £253.31
Saving £42.57
Vehicle P11d Inc. extras £14,890.00
Benefit in kind Co2 band 17.00%
Total monthly taxable benefit £52.12

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
AUDI A4 DIESEL SALOON 2.0 TDI Ultra SE 4dr £422.74
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £422.74
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 20% £84.55
Reduction in NI based upon a marginal rate of 12% £50.73
Total £287.46
Company car tax payable £103.41
Estimated net cost to employee £390.87
Saving £107.24
Vehicle P11d Inc. extras £29,545.00
Benefit in kind Co2 band 14.00%
Total monthly taxable benefit £103.41

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
MITSUBISHI OUTLANDER ESTATE 2.0 PHEV GX3h 5dr Auto £593.00
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £593.00
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 20% £118.60
Reduction in NI based upon a marginal rate of 12% £71.16
Total £403.24
Company car tax payable £55.18
Estimated net cost to employee £458.42
Saving £134.58
Vehicle P11d Inc. extras £34,749.00
Benefit in kind Co2 band 14.00%
Total monthly taxable benefit £55.18

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.

Based on a 40% - 50% taxpayer paying 2% national insurance

No extras included in the below, metallic paint extra.

Quote Details
Company car quotation
PEUGEOT 108 HATCHBACK 1.0 Access 3dr £240.82
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £240.82
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 40% £96.33
Reduction in NI based upon a marginal rate of 2% £4.82
Total £139.67
Company car tax payable £51.96
Estimated net cost to employee £191.63
Saving £49.19
Vehicle P11d Inc. extras £8,660.00
Benefit in kind Co2 band 14.00%
Total monthly taxable benefit £51.96

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
FORD FIESTA HATCHBACK 1.25 82 Style 5dr £296.83
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £296.83
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 40% £118.73
Reduction in NI based upon a marginal rate of 2% £5.94
Total £172.16
Company car tax payable £101.89
Estimated net cost to employee £274.05
Saving £22.78
Vehicle P11d Inc. extras £13,290.00
Benefit in kind Co2 band 15.00%
Total monthly taxable benefit £101.89

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
VAUXHALL ASTRA HATCHBACK 1.0T 12V ecoFLEX Design 5dr £303.18
Contract terms
Hire Duration 3 Years
Contract annual mileage 6,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £303.18
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 40% £121.27
Reduction in NI based upon a marginal rate of 2% £6.06
Total £175.85
Company car tax payable £99.36
Estimated net cost to employee £275.21
Saving £27.97
Vehicle P11d Inc. extras £16,560.00
Benefit in kind Co2 band 14.00%
Total monthly taxable benefit £99.36

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
RENAULT CAPTUR HATCHBACK 0.9 TCE 90 Expression+ 5dr £295.88
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £295.88
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 40% £118.35
Reduction in NI based upon a marginal rate of 2% £5.92
Total £171.61
Company car tax payable £104.23
Estimated net cost to employee £275.84
Saving £20.04
Vehicle P11d Inc. extras £14,890.00
Benefit in kind Co2 band 17.00%
Total monthly taxable benefit £104.23

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
AUDI A4 DIESEL SALOON 2.0 TDI Ultra SE 4dr £422.74
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £422.74
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 40% £169.10
Reduction in NI based upon a marginal rate of 2% £8.45
Total £245.19
Company car tax payable £206.82
Estimated net cost to employee £452.01
Saving £29.27
Vehicle P11d Inc. extras £29,545.00
Benefit in kind Co2 band 14.00%
Total monthly taxable benefit £206.82

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.


Quote Details
Company car quotation
MITSUBISHI OUTLANDER ESTATE 2.0 PHEV GX3h 5dr Auto £593.00
Contract terms
Hire Duration 3 Years
Contract annual mileage 8,000
3 years fixed Insurance premium (fully comp), Maintenance, Servicing, Road Tax, Accident Management, Tyres and Breakdown Cover included
Total salary sacrifice from gross pay £593.00
Salary Sacrifice Details -
Reduction in tax based upon a marginal rate of 40% £237.20
Reduction in NI based upon a marginal rate of 2% £11.86
Total £343.94
Company car tax payable £110.36
Estimated net cost to employee £454.30
Saving £138.70
Vehicle P11d Inc. extras £34,749.00
Benefit in kind Co2 band 13.00%
Total monthly taxable benefit £110.36

Note - Insurance figure quoted and included in gross figure above is based on average figures - all insurance quotes are individually rated dependent on driver personal details. The insurance figure is an estimate (as every insurance quote is based on the driver’s personal details and the company’s profile). It will be therefore be client specific.