Understanding Salary Sacrifice - Instructor-Led Course

The BVRLA has seen a significant uptake in interest of Salary Sacrifice schemes, driven largely by the current BIK incentives supporting Electric Vehicles and PHEVS. It is crucial that the industry develops its knowledge to support customers in the promotion and compliant adoption of such schemes. BVRLA’s new training course will provide a full overview, cover the features of a typical Salary Sacrifice scheme and who might benefit from Salary Sacrifice, PAYE, BIK, NI and OpRA Rules.

 

Who should attend?

Aimed at customer facing sales, account management and customer service colleagues who provide day-to-day advice and guidance to fleets and drivers, this course is suitable for staff at all levels in customer facing roles.  It will also provide useful insights for other operational driver support roles in the industry, in addition to staff in fleet, finance, marketing and operations.  

Course Content

Structured in two complementary modules, the course will cover the following areas : -

Module 1 –  An introduction to Salary Sacrifice

  • What is Salary Sacrifice?
  • What ISN’T Salary Sacrifice?
  • How it works
  • History of Salary Sacrifice
  • Benefit in Kind – and its relevance to Salary Sacrifice
  • PAYE – and its relevance to Salary Sacrifice
  • National Insurance Contributions
  • Optional Remuneration Arrangements (OpRA)
  • What influences savings through Salary Sacrifice?
  • Which vehicles work best under Salary Sacrifice?
  • What is the potential target market?

Module 2 – Considerations when implementing a Salary Sacrifice scheme

  • National Minimum Wage
  • Risk protection options for an employer
    • What happens if an employee leaves?
    • Parental Leave
  • Motor Insurance under a Salary Sacrifice scheme
  • Managing charges incurred by drivers
    • Excess mileage
    • Damage
    • Fines
  • Employee engagement and scheme marketing
  • The future of Salary Sacrifice (and what could impact it)
  • The need for employee education

Learning Outcomes

At the end of the course, attendees will :

  • Have the confidence to clearly explain how Salary Sacrifice works to their clients, and drivers.
  • Know the base component factors that influence and impact Salary Sacrifice – and how the dynamics could change if they changed.
  • Understand the areas that need to be considered to provide a robust scheme and have an appreciation of the potential solutions available to facilitate this
  • Develop an understanding of how to maximise client engagement on salary sacrifice schemes

Trainer

Jon Burdekin has 30 years’ experience in the UK leasing and fleet finance industry, having previously worked for such major leasing companies as Alphabet GB Ltd and GE Capital Fleet Services.  His 15 year career with Alphabet incorporated roles as Account Manager, Head of Account Management, Head of Consulting Services and Head of Product Management as well as leading the consultancy division to add key value differentiation and technical innovation.

Client relationships that Jon had direct responsibility for included McDonald’s, Shell, Oracle, Royal and Sun Alliance, Royal London Mutual Assurance and the BBC. By managing such large vehicle fleets, he has gained extensive knowledge in all aspects of fleet management, including vehicle acquisition methods, cost control, driver risk, and vehicle choice list analysis.

A subject matter expert in the adoption of electric vehicles into company fleets, Jon also has deep levels of knowledge in the tax efficient alternatives to company vehicle funding and Grey Fleet Management.

Duration

10.00 - 12.00 Module 1 – Introduction to Salary Sacrifice

13.00 - 15.00 Module 2 – Considerations when implementing a Salary Sacrifice scheme

Costs

Instructor-led Online Price  

£325 + VAT Member Fee

£425 + VAT Non-Member Fee

 

Face-to-Face Course Price

£425 + VAT Member Fee

£525 + VAT Non-Member Fee

Have you thought about On-Demand?

This course, alongside our whole course portfolio, can be delivered on-demand exclusively for your buisness. Visit our on-demand webpage to find out more.

 


Cancellation Policy 
Requests for cancellation of a training course booking must be received in writing via email to [email protected] for the attention of the Learning and Development Professional. Requests for cancellation received more than 30 days prior to the course start date incur an administrative charge for the processing of the refund at the rate of 25% of the course fee. Requests for cancellation received more 15-30 days prior to the course start date incur an administrative charge for the processing of the refund at the rate of 50% of the course fee. There is no refund on cancellations made 14 days or less prior to the course start date as there is an impact on other delegates who have booked to attend and could result in the course being cancelled overall.

Postponements
Postponement of attendance from one course to a later course can be requested in writing as per the cancellations policy above to training @bvrla.co.uk. Requests to postpone more than 30 days prior to the course start date will incur an administration charge of £35 + VAT. Requests to postpone more 15-30 days prior to the course will incur an administration charge of £70 + VAT. Requests to postpone 14 days or less prior to the course will be treated as a cancellation, with no refund payable.

Substitutions
You can request the substitution of a delegate for another in writing as per the cancellations policy above to [email protected] There is no charge for this. Requests for substitution must be made no later than one business day prior to the scheduled course start date.