GMP Salary Sacrifice Scheme

GMP have recognised the changing needs of the Trusts and duty of care, we have now evolved and offer additional services such as Grey Fleet and Salary Sacrifice Schemes and can deliver all of the above with highly trained and skilled personnel. We also have additional resources in the form of a Vehicle Supply Team, Accident Management Administration and Driving License Checks.

In response to the Government Directives regarding the reduction of carbon footprint emissions, GMP have developed its own eco-drive plan, which will enable Trust’s to comply. We are proactive and have put the investment forward in order to be able to provide this and this can show significant savings to Trust's budgets.

"A salary sacrifice happens when an employee gives up the right to receive part of the cash pay due under his or her contract of employment. Usually the sacrifice is made in return for the employer’s agreement to provide the employee with some form of non-cash benefit. The ‘sacrifice’ is achieved by varying the employee’s terms and conditions of employment relating to pay"

HM Revenue and Customs

Salary Sacrifice in brief:

• Employee benefits from up to 40% saving on new car by reducing salary in return for company car.
• Savings are derived from National Insurance, PAYE and VAT tax savings as well as better buying power. This is achieved keeping costs to company neutral
• Employee does have to pay BIK tax which is minimised by choice of eco friendly car.
• Cars are fully maintained, insured and taxed.
• Major benefit remains.

Scheme Process Flow:

Click Here to see Salary Sacrifice Example Offers

1. Employee Visits website – evaluates cars & costs
2. Employee contact GMP via online template or Phone
3. GMP provide official quotation
4. Driver obtains final sign off by manager
5. Car ordered
6. Vehicle Delivered
7. Tax office advised & salary adjusted