Drive growth and streamline quoting with SOFICO Miles Salary Sacrifice, a purpose-built module for offering salary sacrifice car schemes through your retail and fleet channels. Fully integrated with your existing SOFICO Miles platform, it simplifies complex calculations and empowers users with a flexible, self-service experience – turning tax efficiency into business opportunity.
Salary Sacrifice calculation software
Drive growth with a Salary Sacrifice Scheme
Salary sacrifice schemes are on the rise in the UK – and with good reason. They help the UK transition to greener mobility and are a powerful tool for employee satisfaction. For automotive finance companies, salary sacrifice schemes can lead to a higher uptake of vehicles, especially EVs, due to the tax savings offered to employees. This drives:
- Higher portfolio volumes
- Predictable and recurring revenue streams.
Turn quote complexity into sales efficiency
Offer a flexible, self-service quoting experience
Enable your customers to offer a tax-efficient salary sacrifice scheme that permits their employees to acquire a car in an affordable way through their employer. SOFICO Miles Salary Sacrifice allows you to provide a self-service model that authorizes fleet managers and drivers to configure, compare and evaluate the salary sacrifice impact based on their preferences.
Take the pressure off your commercial teams. With our self-service tools:
- Fleet managers define schemes, manage TCOs, and ensure budget control
- Drivers configure and compare vehicles based on their salary and personal preferences
- Calculations dynamically reflect tax bands, salaries, and driver data
- Administrative overheads are removed and drivers are empowered with quote flexibility.
Why offer SOFICO Miles Salary Sacrifice?
- 100% integration: SOFICO Miles Salary Sacrifice integrates seamlessly with SOFICO Miles Enterprise and back-end processes to support contract creation, salary deduction calculations, billing and payroll integration. No need for manual workarounds or fragmented systems—everything is streamlined in a single platform.
- Fast, responsive, scalable: built for volume, speed and complexity SOFICO Miles Salary Sacrifice responds faster than alternative salary sacrifice solutions that do not integrate with back-end processes.
- Reduce complexity and errors: salary sacrifice schemes involve dynamic calculations (e.g., benefit-in-kind tax, P11d, net sacrifice, income tax and national insurance). With SOFICO Miles Salary Sacrifice calculations are automated based on contract parameters, payroll and invoicing data is consistent and exportable and exception handling (e.g., life events or resignation) is built into the workflow. This reduces the admin burden and ensures accuracy.
- Gain access to a broader customer base: by making it easy for your customers to offer a salary sacrifice scheme to employees as part of their compensation package.
- Deliver end-to-end control: fleet managers can easily create, adjust and manage schemes directly – from employee inputs to total cost of ownership.
Say goodbye to consultancy dependence
Avoid the high fees and lengthy processes of external providers. SOFICO Miles Salary Sacrifice comes with everything built in:
- A natively implemented salary sacrifice calculation service
- Automatic updates to tax bands and regulatory limits
- Ongoing compliance with minimum wage and local legislation
Expand with Third-Party Integration
Offer a complete, tailored pricing package
SOFICO Miles Salary Sacrifice supports seamless integration of external services, which can be configured as part of the price calculation. Services include:
- Insurance
- Roadside assistance
- Repair and maintenance
- Other value-added services
Turn a tax-efficient employee benefit into a scalable, seamless, and strategically managed offering—all within a single contract management platform.
