By John Simpson 08 March 2012
A growing number of salary sacrifice drivers are opting for low emission cars to take advantage of tax benefits ahead of next month’s changes to Benefit in Kind tax.
Zenith has revealed that average CO2 emissions for cars ordered through their salary sacrifice scheme has steadily dropped from 121g/km to 112g/km over the past 12 months.
This has been helped by customers opting for sub-99g/km models like the MINI One D, Citroen DS3, Audi A1, Ford Fiesta ECOnetic, BMW 1 Series EfficientDynamics, Vauxhall Corsa ecoFlex, Fiat 500 Twinair and Volkswagen Polo BlueMotion.
Maximise savings
From 1 April, cars with CO2 emissions below 120g/km attract Benefit in Kind tax at 15% for a petrol car or 18% for a diesel. Models under 100g/km CO2 emissions will attract the 10% Benefit in Kind tax rate for a petrol car or 13% for a diesel has also increased to 26%.
Tim Buchan, Zenith’s Chief Executive Officer, comments: “Salary sacrifice car drivers continue to maximise their savings by choosing cars with lower CO2 emissions and lower Benefit in Kind tax.
“Cars ordered through our salary sacrifice car schemes have always been significantly lower than the UK average for company cars.
“We expect this trend to continue, with drivers benefitting from a much wider choice, as manufacturers work hard to bring out more and more new models, with CO2 emissions within the lower tax band thresholds.”
Categories:Fleet news
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