As a business, you're constantly looking for ways to save money, attract top talent, and build a more sustainable future. While an Electric Vehicle (EV) salary sacrifice scheme seems to tick all those boxes, common myths can cause hesitation.
Here at Wyre, we’re ready to debunk them and show you why a salary sacrifice scheme isn't just a perk – it's a powerful business strategy.
Myth #1: It's too expensive and complicated for my business
This is the biggest misconception. An EV salary sacrifice scheme is completely cost-neutral for your business and can even lead to significant savings. By reducing your employee's gross salary, you directly lower your employer National Insurance Contributions (NICs). With Wyre, you could save an average of £1,500 per year per employee. Our SalaryBoost™ scheme is designed to handle all the complexity, making it an easy, hassle-free process.
Myth #2: The tax benefits are about to disappear
This is a common worry, but the truth is, EVs will remain the most tax-efficient choice for the foreseeable future. While Benefit-in-Kind (BiK) rates for EVs are set to increase incrementally, they will still be a fraction of the cost of petrol or diesel cars. This means employees can continue to save up to 40% on a new EV, and your business can still claim corporation tax relief on lease payments. The scheme is built on a solid foundation of government support, making it a future-proof benefit.
Myth #3: It's too much admin and risk for my small team
We get it; you’re busy! The thought of managing another benefit scheme can feel overwhelming. That’s why we’ve built our service around a bespoke, hands-on approach. Our team handhold you through the entire process. We’ll handle the set-up, employee communication, and ongoing administration. We even offer early termination protection, so if an employee leaves, your business is covered.
Myth #4: It only benefits a few of my employees
An EV salary sacrifice scheme is a powerful perk. In a competitive market, a brand-new EV with an all-inclusive package is a huge incentive. It appeals to a wide range of employees, from senior leaders to your newest hires, and can be the deciding factor in keeping your best people.
Your next move
Don't let these myths hold you back from a decision that can save you money, attract talent, and showcase your commitment to a sustainable future.
Ready to take charge with Wyre? We'll handle everything and make sure the transition is smooth and simple. To get started, sign up for our onboarding rollout today. It's the first step to unlocking significant savings for your business.
Ready to start the conversation? Speak to Ryan at Wyre today.
Here's what existing clients have to say
From Bolton Wanderers FC: “The team at Try Wyre – especially Evonne, Ryan and everyone involved – have been outstanding in delivering the EV Salary Sacrifice scheme to our staff and players. Their support has been incredibly efficient, responsive and personal from day one. The perk has already proven hugely popular across the club, and it’s clear that Try Wyre are willing to go above and beyond to make the process smooth and accessible for everyone.”
Kevin Stanton, Alliances Channel Sales Manager, Quest: "My employer chose Wyre to be our partner to provide EVs. Whilst looking for the vehicle to get, I was supported massively by David who provided me with various options which matched the criteria I needed. Once I had chosen the car, he helped arrange a test drive, view stock, check finance options etc. Helping manage the documentation with the dealer as well as my employer, it was very easy to set up the new lease and apply for it via our salary sacrifice scheme. Really easy to deal with and would highly recommend Wyre to help with your next vehicle lease.”