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Octopus Electric Vehicles launches salary sacrifice EV leasing scheme for businesses


Octopus Electric Vehicles launches salary sacrifice EV leasing scheme for businesses
The Tesla Model S is one of the EV models available on the scheme
Participants can save almost £14,500 through the scheme, which offers EV models from Tesla and Jaguar among others, Octopus Electric Vehicles claims
An electric vehicle (EV) version of the popular cycle-to-work scheme is being launched this week by Octopus Electric Vehicles, with participants expected to save an average of £14,445 over three years, the company claims.
Dubbed Electric Dreams, the new leasing service is designed to enable drivers to sacrifice some pre-tax salary in return for a brand new electric car. The savings are made possible by the low Benefit-in-Kind (BiK) tax rate on electric cars in the UK, which first came into force last year and is set at one per cent for the tax year 2021-22, and two per cent for the subsequent three years. ....

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Octopus launches EV salary sacrifice service


Date:
07 April 2021
  |  
Author: Sean Keywood
A new service leasing EVs on a salary sacrifice basis has been launched by Octopus Electric Vehicles.
The Electric Dreams scheme is said to have been designed to be low effort for employers to set up, with zero cost. Octopus says its staff can help employees choose their cars and get set up with chargers and EV energy tariffs, as well as support the business with scheme documents, approvals and payroll.
Businesses of all sizes are eligible, and financing and insurance are provided by Close Brothers and Lloyd Latchford respectively.
Octopus says 15 companies have already signed up, including Huel and Purplebricks. ....

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St Albans Sustainability Festival is back


Jill Watson, Chair of SustFest21
- Credit: St Albans Sustainability Festival
Organisers of the St Albans Sustainability Festival have decided to go ahead with the environmental event for 2021 after last year s was cancelled due to the pandemic.
They are asking groups across St Albans, Harpenden, and local villages to organise Covid-safe events about living sustainably. 
SustFest 2021 runs from Sunday May 23 to Sunday June 6. New for this year will be a flexible, online events listings allowing groups to alter arrangements as lockdown rules change. 
It uses the ‘One Planet Living’ framework created by Bioregional with themes including zero waste, community, sustainable food and natural habitats.  ....

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