Salary Sacrifice Car Leasing is a financial arrangement that allows employees to lease a vehicle through their employer using a portion of their pre-tax salary. This arrangement can provide several financial and practical benefits for employees, making it an attractive option for those looking to acquire a vehicle.
Under a Salary Sacrifice Car Leasing scheme, the employer deducts the lease payments from the employee's salary before calculating income tax, which can result in potential tax savings. As the lease payments are deducted from the gross salary, employees may benefit from reduced taxable income, leading to lower overall tax liabilities. This can result in significant cost savings compared to purchasing or leasing a vehicle through traditional means.
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