CVS offers colleagues Ultra Low Emission Vehicles in salary sacrifice scheme

25th Jul, 2023

  • Colleague Benefits

Savings can be made on car prices, income tax and National Insurance

Move supports colleagues who want to reduce their carbon footprint

CVS Group is offering its UK colleagues[1] the ability to lease an Ultra-Low Emission Vehicle (ULEV) as part of a new salary sacrifice car scheme.

Launched in July, vehicles with CO2 emissions of 75g or lower are available on the scheme and colleagues can choose from a wide range of electric or hybrid cars.

The ULEV scheme is a cost-effective way to lease an electric or hybrid car through a salary sacrifice arrangement. In addition no deposit is required.

CVS colleagues will save on income tax and National Insurance as each month salary is sacrificed to lease the car and income tax and National Insurance is calculated on a colleague’s remaining wages.

Helen Finney, Group HR Director at CVS, said:

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“Caring for animals goes hand-in-hand with caring for the natural environment. We work in a sector where you need to travel to your place of work and we know that many of our colleagues are keen to reduce their carbon footprint. So we were keen to offer one of the best ULEV schemes.”

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The new benefit will be offered to colleagues from July 2023. Colleagues will be able to place an order to lease a new ULEV immediately.

Each ULEV lease agreement allows colleagues to choose the mileage and length of agreement suited to their needs. The fixed monthly fee also includes fully comprehensive insurance, breakdown cover, annual road tax, accident management, routine servicing, MOTs and replacement tyres.

CVS offers a significant number of existing benefits to its colleagues. They include; a Save as You Earn scheme which allows colleagues to save regular amounts each month over a three-year period and benefit from increases in the Group’s share price over that time; enhanced maternity pay to support colleagues in starting a family and then returning to work; a significant number of staff discounts on CVS products and services; and the support of colleagues’ wellbeing with a 240-strong wellbeing champion network and regular colleague check-ins. The organisation has also launched a new CVS Refresh reward scheme where teams receive a weekly allowance to spend on tasty treats or fitness classes.

CVS Group operates across small animal, farm animal, equine, laboratories and crematoria, with over 500 veterinary practices, referral centres and sites in the UK, the Republic of Ireland and the Netherlands. It aims to minimise its impact on the planet in a way that supports and develops its services and clinical expertise. The company is investing in a range of programmes to increase efficiency and reduce climate impact. This includes; moving to a renewable energy supply and monitoring and reducing energy use; phasing out petrol and diesel vehicles by 2030; decommissioning air conditioning supplies that use ‘R22’ gas[2]; and embedding an ‘environmental net gain’ principle for all new developments.

[1] To be eligible for the scheme colleagues must have passed their probation and earn an annual salary of £32,000 per annum. The salary after the deduction for the vehicle lease must remain above £27,200 per annum.

[2] Which has a high ozone depletion potential.