January’s Marketplace spotlight: Octopus Electric Vehicles

At the start of last year, we celebrated the expansion of our employee benefit offering with the introduction of Zest Marketplace.

The one-stop shop for all your employee benefit needs, it plays host to a number of handpicked providers from our trusted benefits network to ensure you have the very best offering available to your people.

Each and every month we’re shining the spotlight on one of our latest providers, and for the month of January, we’re delighted to introduce you to Octopus Electric Vehicles.

Octopus Electric Vehicles salary sacrifice scheme is an employee benefit that allows your team to access a range of electric vehicles at no upfront cost. Your team pays for a brand new EV from their gross salary, helping them save on National Insurance and Income Tax. As a business, you recover some of the cost through the employee’s gross pay

It’s similar to how pensions work. Your team will see their pension on their payslip each month. And that’s where they’ll see their monthly bill for their EV too – which means they’re making all sorts of tax savings, and they’ll be paying up to 40% less for the car.

To mark our Marketplace partnership with Octopus Electric Vehicles, Stephanie Baker, Head of Customer Success, said:

“We are really excited to be partnering with Zest Benefits to support offering their clients the widest choice of employee benefits in the market.

Through this Partnership, Octopus Electric Vehicles’ (EV) leading electric car salary sacrifice scheme will be available to all Zest clients. Zest and Octopus EV have a shared passion to support businesses in achieving their environmental aims, while providing cost saving solutions, and this Partnership offers both these perks in one single package.”

To find out more about Octopus Electric Vehicles, visit their Marketplace page on our website here.