Aviva plans to launch a brand new car insurance policy to serve in both the private and public sector.
The new scheme is set to offer tailored car insurance policies for employees who are leasing a company car. The policy should gain popularity because of the tax benefits it will provide.
The company will receive the vehicle from the leasing company at a price net of tax, rather than the full sale price. The saving the company makes from leasing the car at a reduced rate will then be passed onto the employee in the form of a reduced rate for the car.
Repayments for the car will be directly deducted out of the employee’s salary (meaning there is saving to be made on National Insurance payments and also income tax).
These types of salary exchange benefits are especially popular during this time of economic uncertainty. This is another way in which employers can create extra benefits for their employees.
With the new Aviva block car insurance policy, there is no limit on the number of cars included in the policy which will particularly appeal to large organisations with numerous company cars.
Aviva has plans to launch the new car insurance policy by the end of this year!
Know about more plans – Aviva Life Insurance
Possibly Related Posts:
- Aviva Young Scholar Secure | Aviva Life Insurance Children Plan
- Aviva Life Shield Platinum | Aviva Life Insurance Protection Plan
- Aviva Young Scholar Advantage | Features | Benefits
- Aviva LifeShield Advantage | Features | Benefits
- Aviva Sachin Extra Cover Advantage | Features | Benefits
- Aviva Dhan Varsha | Features | Benefits
- AVIVA Life Bond Advantage | Features | Benefits
- AVIVA Life Saver Advantage | Features | Benefits
- AVIVA Freedom Life Advantage | Features | Benefits
- Aviva LifeShield Advantage | Overview – Features & Advantages | Specifications | Benefits