Helping businesses move to cleaner, greener mobility

There is no cost to implement our Salary Sacrifice Scheme, it is free to set up and it will actually save the business money through the savings on Employer National Insurance Contributions.

There is no minimum number of employees.

Once we are ready to launch, we’ll work directly with you to support a personalised launch to your employees. We always hold 2 ‘launch webinars’ individually with your business, tailored to your scheme. In some cases, and depending on the number of employees in the business, we have an in-person launch event can work best, where we can offer your employees 1-2-1’s and test drives. In our pre-Launch Meeting, we will discuss how best we promote and introduce our new partnership. Pike + Bambridge will always provide collateral to support the launch and events.

In order to get the best possible pricing in place, we’ll collect your company financial information, including the latest set of company accounts. We also typically need which details of 2 Directors or Partners as well as some bank statements. Our team then manage non-committal credit lines with all 5 of our finance company partners. This ensures we are able to support your employees with the best possible options.

For businesses who choose P+B for their Salary Sacrifice Scheme, we will do all we can to make it as simple as possible to get the scheme up and running. There is naturally some admin the employers, but what sets P+B apart, is the hand-holding employers receive, rather than online forms, and chat bots. You will then let us know who is eligible for the scheme and once we have your sign off, we will launch the scheme how and when you choose. We then liaise directly with your employees who are interested to minimise your involvement until they are ready to order. At that stage we will seek approval and sign off from your authorised signatory.

Whether employees are eligible or not is down to you as the employer. As a benefit, you are not legally required to offer this equally to all employees, but any employees you do offer it to will need to firstly be paid via PAYE. They will need to also be employed on a permanent contract and have completed their probation period. Finally, employees obviously need to be able to afford the salary sacrifice, where their Net Salary after the Gross Sacrifice is above the National Living Wage.

Once we have all the initial supporting documents required, our team will then apply for the credit line with our funders within 24 hours. We would then expect to hear back from our funder within 3 working days. Sometimes the funder will request additional supporting documents and there may be a some back and forth at the beginning, however we aim to have all credit lines set up within 1 week.

We will occasionally need to check in with your finance time for more information, normally on an annual basis.

No problem. Please send over the email address and full name of the authorised signatory and we can amend this for you. If they are not a listed Director with Companies House, we will also require a letter of authority, signed by a Director to confirm this person can sign on the companies behalf. If you are a registered charity, we will also require board resolutions to confirm the 2 authorised signees have authority to sign on behalf of the charity as well as their photo ID and 2 proof of addresses.

IInitially communication from the finance company will be minimal, as our Pike + Bambridge team will be doing the applications and communication on your behalf. Typically, this requires no further interaction on your behalf and our team will proactively update you on the progress. Occasionally, the finance company will reach out proactively and inform you via email or mail that a search has been completed. This is simply a “for your information” type update. There is no action from you.

A credit search will be completed on the business and the directors listed on the finance proposal form. We don’t credit check your employees.

We believe we have a duty of care to both employers and employees, so our Fact Finds include a discussion around affordability checks with the employee to ensure that we are working in their best interest.

If one of our lenders decline the finance application, we will look to appeal this on your behalf. If this is not possible, then do not worry, we have a panel of lenders to ensure we can support with the credit line. There are certain company types that our funders will not finance, and we can discuss this further if this applies to you.

Your team can contact us through phone or whatsapp, and also email us at partnerships@pikeandbambridge.co.uk. You will always have a key, named contact at Pike + Bambridge who you can contact directly. https://www.pikeandbambridge.co.uk/salary-sacrifice/salary-sacrifice-team/

Our Salary Sacrifice Experts will contact your employee within 24 hours of enquiry, and make arrangements to hold an initial fact find. In this call our goal is to ensure the employee is comfortable and understands the position they would be in with Salary Sacrifice. This Fact Find will either be done in person at an event, or over video call. A Fact Find takes between 20-40 minutes.

Most lenders are familiar with the concept of salary sacrifice, and indeed run such Schemes for their own employees. As an employer, you just need to confirm the amount of your reference salary in response to any request for confirmation of salary from a prospective lender.

It is a Business Contract Hire Agreement.

All contracts will officially be held and named under your company. Your employee could be associated with the contract as the driver, but this from a technical standpoint is how the contract is held. There is no credit check for the employees.

There are many variables to this. And that is what Pike + Bambridge are experts at. Our Pricing Experts are constantly analysing which of our finance partners are offering the best rates on each car. The selection will be based on this, as well as which finance rates the relevant firm can access (if not all) as well as the relevant additional packages that make the most sense for your employee.

You can choose not to offer, but we would request proof of insurance prior to each vehicle being delivered to ensure all is compliant. We would also suggest you are comfortable with the risk that the insurance puts upon the business. It is important to note if you wish to do this outside of the agreement, it will not be a part of the salary sacrifice scheme and we would be unable to support.

We can provide gap insurance and recommend that you take that to minimise any risk.

We understand that circumstances can sometimes change over the term of a vehicle contract. Termination Cover is available to cover the costs of terminating an agreement early dependent on the nature of the reason for an employee leaving the business. Contact us for more details on our individual termination policies.

Life happens, we get that. Cover has been arranged to assist in continuing a salary sacrifice arrangement should a leave of absence be required. Please get in touch with your assigned Expert for specific details on coverage arranged.

Our Partners’ Car Scheme service offers fantastic pricing, combined with our award-winning Concierge service, meaning the senior leaders in your business can benefit too. Pike+Bambridge will negotiate with manufacturers on your behalf to ensure we can provide you with exclusive discounts and offers. This removes the hassle of dealing with manufacturers yourself and allows Pike +Bambridge to form a personal service, centred around you. What separates our Concierge service from all others is that we tailor everything to fit each individual. Our service includes support with the return or sale of existing cars and delivery of the new car. Delivery takes place at a time and place that suits and includes a personalised handover from our highly-trained logistics team.