Salary Sacrifice for Tesla
Make the Switch with Silverstone Leasing
Salary sacrifice for Tesla is fast becoming one of the most tax-efficient and cost-effective ways to drive electric in the UK. At Silverstone Leasing, we make it easy for employees and businesses to benefit from a structured scheme that reduces income tax, lowers National Insurance, and provides access to the latest Tesla models — all with minimal admin.
Whether you're a small business or a large corporation, our salary sacrifice specialists are here to help you design and manage a solution tailored to your needs.
What is a Tesla Salary Sacrifice Scheme?
A salary sacrifice scheme allows employees to lease a Tesla by agreeing to a reduction in their gross salary in exchange for a non-cash benefit — in this case, a fully maintained electric vehicle. Since the deduction is made before tax and National Insurance, employees benefit from lower tax bills while enjoying all the perks of Tesla ownership.
To learn more about how it works, visit our car salary sacrifice explained page or read the pros and cons of salary sacrifice.
Why Tesla is the Perfect Fit for Salary Sacrifice
Tesla vehicles, with their zero-emission status and low Benefit-in-Kind (BIK) tax rates, are among the most financially attractive options in a salary sacrifice scheme. With 2 per cent BIK until at least 2025, drivers can save thousands compared to petrol or diesel equivalents. Plus, with Tesla lease deals from Silverstone Leasing, you can access some of the most competitive rates on the market.
Interested in the wider benefits? Discover our Tesla leasing UK page for more insights.
Hassle-Free Setup and Administration
Implementing a salary sacrifice scheme with Silverstone Leasing is simple. We take care of everything — from employee communication and quote generation to documentation and vehicle delivery. Our dedicated team ensures everything runs smoothly so you can focus on running your business.
Whether you're a company director, HR professional or employee, start the process by visiting our apply for business finance page today.
Transparent, Trusted and Award-Winning
Silverstone Leasing has earned a reputation as one of the UK’s most trusted leasing brokers. We’re members of the BVRLA, and our commitment to fair pricing, honest advice and clear communication sets us apart. You can read more about our values on our treating customers fairly page, and browse recent client testimonials on our reviews page. We’ve also been recognised across the industry for our innovation and service, as highlighted in our awards and recognition section. With Silverstone, you're not just leasing a Tesla — you're partnering with a company that puts your business first.
A Benefit Everyone Will Talk About
Implementing a Tesla salary sacrifice scheme isn't just about tax savings — it's a powerful way to attract and retain top talent. Providing employees with access to a brand like Tesla demonstrates a commitment to sustainability, innovation and staff wellbeing.
Don’t just take our word for it — read our customer reviews and see how companies are already reaping the rewards of switching to EV leasing.
Stay Informed and Ahead
The world of electric cars is changing fast. Visit our topics and insights section to stay updated on tax changes, new Tesla models and the latest EV trends. You can also read our advantages and disadvantages of leasing a car article to make an informed decision before you commit.
Ready to get started? Let’s talk. Reach out via Silverstone Leasing or view our Tesla salary sacrifice offers to begin your journey today.
Long-Term Financial Benefits for Employees and Employers
One of the biggest advantages of a Tesla salary sacrifice scheme is its long-term value. For employees, the predictable monthly cost includes the lease, servicing, road tax and breakdown cover — eliminating unexpected motoring expenses. With electricity costing significantly less than petrol or diesel, day-to-day running costs are also lower. From the employer's perspective, offering a salary sacrifice scheme can lead to National Insurance savings and improved employee satisfaction without the need for salary increases. It’s a win-win approach to fleet mobility and employee perks. Explore more about why lease with Silverstone to see how we add value beyond the lease price.
Making Tesla Leasing Easy for Business Owners
Many business owners worry about the complexity of setting up a salary sacrifice scheme — but that’s where we step in. At Silverstone Leasing, we provide full onboarding support, step-by-step guides and ready-to-use employee communications to get your scheme off the ground. We’ll even help compare options like personal contract hire versus salary sacrifice to ensure the right fit. With our focus on transparency and compliance, including commission disclosure and a clear code of conduct, you can trust that your Tesla salary sacrifice journey will be smooth, compliant and beneficial for all parties.
FAQs: Tesla Salary Sacrifice
The monthly cost of a Tesla on a salary sacrifice scheme depends on the model, contract length, mileage allowance, and whether maintenance is included. However, the real benefit comes from the tax savings. Because the lease cost is deducted from your gross salary, you pay less income tax and National Insurance. For example, a basic-rate taxpayer could save up to 32%, while higher-rate taxpayers might save 42% or more.
To give an idea, a Tesla Model 3 that would usually cost around £600 per month on a personal lease could cost as little as £400 to £450 per month net through salary sacrifice, depending on your tax band. This cost usually includes the lease, road tax, maintenance, breakdown cover and more. You can explore examples on our Tesla leasing deals page or speak with our team for a personalised quote.
Yes, salary sacrifice for electric vehicles — especially Teslas — is widely regarded as one of the most cost-effective ways to drive a new car. The scheme is highly tax-efficient, particularly because electric vehicles benefit from a low Benefit-in-Kind (BIK) tax rate of just 2 % until at least April 2025. This means employees can enjoy a premium car, such as a Tesla, at a significantly reduced net cost compared to leasing it privately or purchasing it outright.
For employers, it’s also a win. You can offer an attractive staff benefit that improves recruitment and retention, while reducing your own National Insurance contributions. It’s one of the few truly win-win perks available in today’s employment market — and it also supports your environmental goals.
Typically, EV charging is not included within a standard salary sacrifice lease. However, there are additional schemes and bolt-on options that can help. Some employers choose to offer home charger installations as part of the package, or cover public charging costs through company expense policies or charge card accounts.
At Silverstone Leasing, we work closely with businesses to build tailored packages. While charging isn’t included in the lease cost itself, we can advise on FuelGo solutions and explore ways to simplify charging costs and improve transparency for both employer and employee.
Absolutely — especially when leasing a Tesla or other electric vehicle. Salary sacrifice leasing delivers substantial savings due to tax advantages, and it often includes extras like servicing, tyres and breakdown cover, giving drivers peace of mind. The fixed monthly cost also makes budgeting easier, as most of your motoring expenses are covered in a single payment.
Compared to personal leasing, the net cost to the employee is often hundreds of pounds lower. For employers, offering a salary sacrifice scheme improves your benefits package without increasing salaries. You can learn more about the benefits and potential drawbacks in our article on salary sacrifice pros and cons.
From choosing the right model to understanding your finance options, our experienced team supports you every step of the way. We also offer full transparency, as shown in our commission disclosure and customer care standards.
Hear from Our Happy Customers
At Silverstone Leasing, we believe the best way to understand the quality of our service is to hear directly from the people who matter most – our customers. In these short video testimonials, you’ll see real experiences from individuals and businesses who’ve leased with us. From first-time drivers to fleet managers, their stories highlight the care, transparency, and expertise that set us apart.