Lifestyle Lease - salary sacrifice

About Maxxia

Salary Sacrifice

Lifestyle Lease

Benefits for Employers

Benefits for Employees

Established for over

20 years

Australia’s largest outsourced salary packaging provider

Over 1,200 clients including the Commonwealth Government

Market Capitalisation of over AUS$1 Billion

A leading provider of workplace benefits in Australia and part of the McMillan Shakespeare Group. Bringing its extensive experience to the UK market!

Managing 70,000 vehicles

Top 150 listed company

270,000 employee customers

Currently the UK salary

sacrifice market is primarily for non-essential

car users

§  Traditional schemes are provided by

contract hire companies to an

employer

§  Usually the employer takes full responsibility for

the associated early termination risk (and cost) in

the event of employees leaving

§  Under our arrangement the

agreement is portable,

allowing the employee to take

the car should they leave

It’s an attractive employee benefit 1100% employee focused, the employee is responsible for the contract obligations as these remain with the employee 2Employer involvement is limited to collecting payment through gross salary deductions and authorising employees for the scheme 3

Lifestyle Lease is a regulated hire agreement and the structure and content is approved by leading accountancy and legal professionals 4

Employees are encouraged to retain the vehicle if they move to another employer as this vehicle is of the employees choice 6Lifestyle Lease competes with: •  Retail funding deals available through manufacture dealerships •  Traditional company car salary sacrifice schemes •  Corporate cash for car schemes

7Lifestyle Lease directly addresses FCA affordability and consumer credit regulatory requirements together with early termination. The scheme is also designed to mitigate the costs associated with long term absence

8

Maxxia assumes a residual value risk on the forecast value of the vehicle at the end of the lease term 5

+ Employee enters into the agreement for the vehicle

+  The employer operates the agreement on behalf of the employee

+  The employee benefits from a salary variation

+  The agreement is portable and provides the employer and employee with the greatest level of flexibility available

+  This is a unique approach

How it works

“Over half of employees listed your benefits and their remuneration package as the main influencer in their choice of employer”

“Employees consider a company car to be one of the prestigious benefits they can receive” 

+  Scheme is designed to hold employer at no risk

+  Lifestyle Lease has the ability to deliver a saving to the employer through NIC reduction

+  Reduced grey fleet and associated health and safety issues

+  Significant enhancement of the reward package

+  Encourages employees to drive cars with lower CO2 emissions – improving corporate and social responsibility credentials

+  Positive recruitment and retention tool

+  Financial Conduct Authority (FCA) compliant

+  Significant savings with Lifestyle Lease compared with leasing and insuring a car privately

+  Includes motor insurance and maintenance for the full contract period – just add fuel!

+  Benefit of hassle-free motoring for a fixed monthly payment

+  Tax-efficient – reduces tax and NI contributions

+  Eliminates future value and disposal risk

+  Access to employer negotiated manufacturer discounts

+  Sell existing owned vehicle to release and retain the sale proceeds

+  Portable the employee keeps the vehicle and the contract can be transferred to a new employer

+  Employee may acquire the vehicle at market value

The Maxxia Lifestyle

Lease Website

Maxxia Lifestyle Lease office posters