Car benefit scheme

MAF Finance Group is introducing its new Car Benefit Scheme – a fully inclusive motoring package that can form part of your employee benefits. The scheme allows you and your staff to drive away in a brand new, fully maintained and insured electric or plug-in hybrid car for up to four years.

The scheme is a cost-efficient way for you and your employees to run a car, with a fixed monthly amount taken directly from the gross salary and in return employees get the use of a brand-new electric or plug-in hybrid car.

The reduction to gross salary is made before income tax and National Insurance, although under the scheme the employee will need to pay Benefit in Kind as the car is being provided as a benefit by the employer.

Employees can make significant tax and National Insurance savings if choosing a pure electric vehicle as Benefit in Kind is just 2% between April 2022 and April 2025.

In addition to a brand-new electric or plug-in hybrid car, the scheme also includes:

• No deposit
• Maintenance of the vehicle, including all servicing, batteries, exhausts and tyres
• Fully comprehensive motor insurance, including all business travel
• Annual road tax
• Roadside assistance (homestart and recovery, UK and Europe)
• Contactless home delivery
• Relief car for when the car is off the road (if selected)