SG Fleet: Employee Benefits Guide

Award-Winning Employee Car Benefit Schemes Helping you understand which option is best for you and your staff

Looking for a zero risk, low admin car benefit scheme?

You’ve come to the right place!

We know choosing a car benefit solution for your staff can be a minefield, and finding the right solution is important. To help, we’ve pulled all the key information you need to make an informed decision and guide you towards the best solution for you, your business and your employees.

But before we dive in, did you know SG Fleet are the only provider that can offer both traditional salary sacrifice as well as our own, unique, no risk and low employer admin Novalease scheme?

We’ll share more about that later in the document, but for now we bet you’re wondering....

What are the benefits?

Employers • • • • • • •

Zero risk to you and your business Low admin - sit back and we’ll take care of everything Enhances your employee benefit offering Increases employee retention Full in-house marketing team support Single Sign-On option Supports your ESG agenda

sgfleet.com/uk

Employees • • • • •

Help your staff to lease a new vehicle for less!

Lots of added extras included (servicing, maintenance and breakdown cover etc.)

Flexible payment options to choose from salary sacrifice or direct debit Peace of mind for unexpected life events Supports your staff to drive towards a more sustainable future

Which scheme is best for you?

Salary Sacrifice Available Contract Ownership In-life Admin Early Termination Risk for Employer

Employee

Employer

Payroll adjustments

Fines, payroll adjustments, out of contract charges

None

Capped at £500

Benefit in Kind Benefits and Costs FCA Regulated

No

Routine Servicing, Maintenance, MOT and Road Tax Service Assist+ Replacement Tyres Punctures Included 5-Star European Breakdown 24 / 7 Driver Helpline Access to Vehicle Specialists Accident Management Insurance

Optional

Multi-year fixed price including business and European travel

No risk and low admin Takes advantage of HMRC approved mechanism • Scheme savings available • Operates similarly to existing company car methodology • •

Key Benefits

sgfleet.com/uk

Takes advantage of HMRC approved mechanism • Scheme savings available • Operates similarly to existing company car methodology •

A unique, no risk, low admin car benefit solution for your employees!

Novalease stands out with its innovative approach - the car lease is directly associated with the employee, not the employer.

This allows staff to choose between making monthly payments through their payroll, or directly from their own bank account.

Employer Key Features and Benefits

Risk assessment

Trade in

CommAnalysis

Approval

No employer risk or liability

The lease is directly with the employee

Lease agreements remain off the balance sheet

Minimal administration for terminations, fines or excess mileage

Contract revison

Experience

Fair price

Revenue

Only scheme that is fully regulated by the FCA, giving you peace of mind that your employees are being treated fairly

HMRC Compliant

Zero set-up or ongoing charges

Peace of mind for employees for unexpected life events

Supporting Your Staff

Employee Key Features and Benefits

Understanding the weight of such financial decisions, we emphasise the importance of guiding your employees.

•

That’s why, in tandem with our web portal, we take a consultative approach.

Our consultants will proactively contact your employees, helping them navigate the scheme and explore the various finance pathways open to them.

• • • • • •

£

•

Dedicated online portal for easy access to instant quotes Access to an extensive range of vehicle makes and models Fuel & Go - a fixed payment covering all vehicle-related costs with the exception of fuel Comprehensive coverage includes: servicing, maintenance, tyres, consumables and roadside assistance Flexible payments available - choose between salary sacrifice or direct debit via their bank account Full consumer rights and protection guaranteed Ability to transfer the car to a new employer or continue the contract directly with us at unchanged rates Peace of mind for unexpected life events

A traditional approach for employees to lease a vehicle, with payments taken through their gross salary.

With CSE, the contract is with the employer, so we’ve crafted a model that mitigates risk, particularly concerning unpaid rentals or when employees leave the organisation. This solution offers employees a user-centric online portal and access to knowledgeable and experience salary sacrifice experts.

Employer Key Features and Benefits

Review

Approval

Fair price

Fair and transparent risk mitigation mechanism

Fully outsourced scheme with minimal admin

Zero set-up costs or ongoing fees

Activity spread

Experience

Customer value

Excellence

Employer lease rentals cease should the employee leave the business

HMRC Compliant

Enhances employee benefits package

Can help to attract, retain and motivate staff

Supporting Your Staff

Employee Key Features and Benefits

Given the financial commitment involved, it’s essential that your employees are well-informed and receive advice on their decisions.

• • •

Alongside our user-friendly web portal, our advisors will reach out to your staff, explaining the program specifics and the financing solutions at their disposal.

• • • •

sgfleet.com/uk

£

Access to our online quoting portal for instant quotes Zero deposit required An extensive range of vehicle makes and models to choose from One single payment encompassing all vehicle-associated running costs excluding fuel Comprehensive insurance coverage, inclusive of business cover Option to include up to two additional drivers European 5-star breakdown and recovery service, complemented with a 48-hour relief vehicle

Taking the next steps with SG Fleet Your journey to enhanced employee benefits begins here: Step 2

Step 1 Initial Consultation

Scheme Introduction

Our dedicated salary sacrifice experts will arrange a time suitable for you to understand your unique requirements and guide you through the schemes available.

Once you are ready to proceed, you’ll be assigned a named implementation manager who will talk you through your chosen scheme in depth, as well as next steps.

Step 3

Step 4

Crafting the Launch

Meet your Success Manager

Once you’re happy you understand how the scheme works, together, we will create your scheme roll-out plan, which is tailored to you, your business and your employees’ needs.

Before everything is set in motion, you’ll be introduced to your success manager. They’ll be your go-to contact who will ensure a seamless transition and provide continued support throughout.

Step 5

Step 6

Scheme Launch

Reflect and Refine

This is the pivotal moment when our collaborative efforts come to life and your employees can browse and order their new vehicles via their dedicated portal.

Throughout your journey we’ll arrange regular reviews to assess the scheme’s performance, identifying ways that we can enhance its impact to ensure continued success.

Ready to enhance your employee benefits?

Build test

Visit our website

Buying expert

Call: 0344 85 45 161

Email

Email: consumer@sgfleet.com

W: sgfleet.com/uk T: 0344 85 45 161 E: consumer@sgfleet.com