Wednesday, October 9, 2024
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Allianz launches new salary sacrifice EV scheme for staff

Allianz Holdings, one of the largest UK general insurers, has launched a new salary sacrifice electric vehicle scheme for its UK employees.

The business rolled out the new salary sacrifice scheme to its UK team of nearly 8000 employees on 10th May. The dual-branded scheme is provided by ElectriX and CBVC Vehicle Management. Fleet and leasing provider CBVC Vehicle Management runs the end-to-end leasing journey for ElectriX – the one-stop shop for electric cars from LV= General Insurance which is owned by Allianz. 

CBVC Vehicle Management is providing eligible employees with a bespoke salary sacrifice portal. The online portal enables users to research the cars available, access reviews, and see the costs of optional extras and mileage bands. Through the scheme any electric vehicle is available from the MG ZS through to the Porsche Taycan – with some vehicles available for delivery within 30 days. Plug-in hybrids are also available, as long as they have low emissions – under 50 grammes of C02 per kilometre.

Mike Manners, Managing Director of CBVC Vehicle Management said: ”The CBVC Vehicle Management team is very excited to launch the salary sacrifice scheme for Allianz. Salary sacrifice offers such a brilliant option for both employers and employees and makes an electric car a really affordable option. Introducing salary sacrifice at this scale, means that together we can make a real difference to the environmental, social and governance agenda and reduce carbon emissions for Allianz.’’

Salary sacrifice provides a tax efficient way for businesses to offer their employees a fully maintained electric vehicle and helps reduce the number of private cars used for business, known as grey fleet. Salary sacrifice is a useful addition to an employment package and typically offers employees a significant reduction on an electric vehicle compared with a personal lease. Unlike a personal lease, there is no upfront deposit or credit check required.

Guy Spence, Managing Director ElectriX, commented: ‘We’re so excited to have launched this scheme for our employees. Sustainability is at the core of our business and by offering our people the opportunity to move to an EV is a huge step forwards in managing our own ‘grey’ fleet. Both Allianz and LV= insure EVs so this is a very natural extension of our aims as a commercial and personal lines insurer. It’s also a great addition to our employee benefits as a cost-effective way to introduce EV ownership. We’ve been touring our branch network as part of the launch and the initial feedback has been terrific.’

Pictured left to right: Mike Manners, MD CBVC Vehicle Management team with members of the CBVC Salary Sacrifice team Tara Stevenson, Linda Mayor, Emma Anderson and Julie Hayes.

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