Employer News:Lloyds Banking Group appoints Tusker to run its 4,000 vehicle salary sacrifice scheme


  • The scheme offers affordable access to fully guaranteed and maintained cars, including electric models via a salary sacrifice arrangement.
  • Improved lifestyle protections ensure continuous access during family holidays or long -term diseases.
  • Tusker takes the lead on car sacrifice programs as part of a strategic change in the transport activities of Lloyds Banking Group, Lex Autolease focusing on corporate cars, LCVs and rental.

Lloyds Banking Group has announced that it was appointed Tusker as a supplier of a wage sacrifice for new car, offering colleagues a flexible and affordable means of obtaining the keys to a fully guaranteed and maintained vehicle.

The Lloyds Banking Group's existing wage sacrifice program has approximately 4,000 vehicles, which are currently provided by Lex Autolease.

Thanks to the Tusker diet, colleagues can pay a fixed monthly amount of their salary for an electric car of their choice, including high -end models. The monthly amount is taken before tax and national insurance, which makes it an affordable means of getting on the road for many, while reducing the employer's national insurance costs.

Colleagues from Lloyds banking groups will also benefit from improved lifestyle protection, ensuring that they can continue to use their vehicle if their situation changes – as if they go on maternity leave or long -term sickness leave. These advantages will also be applied to existing members of the program whose vehicles have been provided by Lex Autolease.

Tusker and Lex Autolease are both part of the transport activities of Lloyds Banking Group. The transition is part of the group's strategy to position Tusker as a specialist in all wage sacrifice vehicles. Meanwhile, Lex Autolease will focus on business cars, light sales vehicles (LCV) and personal rental.

Colin Tozer, chief policies and proposals for employees of the Lloyds banking groupsaid: “Car wage salary regimes are an extremely precious advantage of employees, offering an affordable means of bringing the keys to a fully assured and maintained car. It is also an effective way to support the transition to more sustainable transport, as electric vehicles have a fuel or petrol tax rate compared to petrol or diesel cars.

“It is a winner for the company and for our colleagues, by improving the complete advantages that we offer to our employees in exchange for the fantastic work they do to support customers. With Tusker now positioned as the main supplier of car wage sacrifice schemes, we are delighted to work together while we continue to strengthen the benefits of working in the Lloyds banking group. ”

Kit Wisdom, Managing Director of Tuskersaid: “We are delighted that our colleagues from Lloyds Banking Group will be able to discover the service we offer in first hand. This announcement further solidifies the Tusker group as the larger and the most experienced car salary wages. cars maintained. “”



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