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Welcome ToTCH Salsa...
TCH Salsa is a scheme which enables employees to acquire a brand new car every 2 or 3 years under a Salary Sacrifice arrangement with their employer.
You agree to a reduction in monthly salary for the period of the vehicle contract and subsequently your employer pays the monthly rental for the vehicle. The rental includes all of the following throughout the whole of the contract: All regular servicing and maintenance, All tyre replacements, Full breakdown cover, Road tax, Accident Management, Fixed premium, business use, insurance with up to two named drivers included.
NO DEPOSIT NEEDEDNO CREDIT CHECKS CARRIED OUT
Although you have to pay company car tax on the vehicle - as the provision of the car by the employer is classed as a ‘benefit in kind’, the tax and NI savings (which vary dependent on the car chosen) and the vehicle discounts that TCH Salsa pass on to you - far outweigh the company car tax.
Here’s how it works:• You get your quotes and choose the car you want via the TCHSalsa website – All makes and models available*• Your employer then leases the car from TCHSalsa • Your employer deducts the monthly rental for your car from your Gross (pre-tax) salary• Because it comes from Gross salary, you pay less tax and NI on the rest of your salary dependent on the type of vehicle you choose • This makes the net cost for the car less than what is deducted from your salary (the savings are shown on the quotations on the website for you) • The car is classed as a ‘benefit in kind’ by HMRC which means you have to pay ‘Company Car’ tax on it BUT:• The potential savings due to Tax (in the case of ULEV’s) NI, VAT (if applicable) and TCH Fleet discounts will offset the company car tax, meaning you will make an overall saving.*subject to eligibility and any employer restrictions
TCH Salsa enables you to acquire a brand new car every two or three years with all of the costs included in one simple package. All you have to budget for on top is the cost of your fuel!
AboutSalarySacrifice What’s Included...
New car every2 or 3 years
All vehicles ordered are brand new with the only additional cost
outside of the agreementbeing fuel.
Tyre replacement& Repair
Damage and Wear & Tear are both included in your rental costs, just contact TCH Assist and we’ll do
the rest.
There is no depositto pay
The full cost of the car is split equally over the term of the
agreement so no upfront costs and each payment comes out
with your usual Tax and N.I. payments.
Free Breakdowncover
TCH assist provides you with a full breakdown and recovery facility.
This includes Roadside assistance, ‘At Home’ service, Recovery/
Onward travel and Recovery Plus.
No Credit Checkis required
No need to worry about a search being recorded on your credit report. Beneficial if you have a
poor (or no) credit history.
Full comprehensive business insurance
Fixed cost for up to three years! It won’t increase even if you
have a claim during the contract. Includes business use if you use
your car for business duties.
Includes servicing& repairs
Simply book your vehicle in at a dealer convenient to you
whenever a service is due.
Add additionaldrivers
Up to two additional drivers can be included (total 3). Minimum
age is 18.
Only Ultra Low Emission Vehicles (ULEV’s) will be available through SalarySacrifice schemes – FALSE!
ALL vehicles are available under the scheme. You continue to enjoy the full Income Tax and NI savings on the amount of salary sacrificed regardless of type of vehicle. Alongside the benefits of having a brand new, fully expensed vehicle every 2 or 3 years with no deposit needed, including everything except the fuel, the scheme still provides a very competitive proposition in comparison with more traditional motor finance methods.
ULEV’s offer full income tax and NI savings on the scheme -TRUE
Vehicles with Co2 emissions of 75g/km and less are usually petrol engine vehicles coupled with an electric battery, called Hybrids, OR totally electrically battery powered. These types of vehicle get the full income tax saving (20% or 40% dependent on your tax position).
THE FACTS – TRUE OR FALSE
SalarySacrifice
Non-ULEV’s are no longer competitive due to the tax restrictions – FALSE!
HMRC has recently provided a new interpretation of how the BIK is calculated. If you choose a vehicle with Co2 emissions above 75g/km (which still includes most cars) you will still get the full income tax saving on the amount of salary that you have sacrificed (your monthly deduction). This is because HMRC clarified in October 2017 that the BIK (Company Car Tax) payable is the greater of either the income tax saving on just the Finance part of the vehicle rental (typically about 50% of the total) OR the actual BIK payable on the car. In all instances this will mean you still get the full 20% or 40% income tax saving on the total deduction from salary.
It all adds up to ‘fixed cost, worry free, no hassle motoring’ for 2 or 3 years with only the fuel to budget for!
REGISTER NOW TO SEE HOW YOU CAN SAVE ON THE TCH SALSA SCHEME!
To see how it works and get your quotes, registered users can log in with your username and password. New users, here’s what to do:
• Go to www.tchsalsa.co.uk• Click on ‘Register First Time’• Enter your organisation pin number*• Choose your own username and password• Complete the remaining fields• Click on Sign Up• Proceed to the ‘Quotations’ section of the website
*if you need a reminder of your organisation pin number or have forgotten your log in details simply [email protected] and we will be able to help you.
Salary Sacrifice schemes will be abolished in 2021 – FALSE!
The Government has clarified the tax rules for salary sacrifice cars for the foreseeable future and has definitely NOT announced any end to this type of scheme.
The figures generated on the TCH Salsa website automatically apply the correct calculations for the category of vehicle chosen – TRUE!
What does it offer?
• A brand-new car every 2 or 3 years• Income tax and NI savings• Access to TCH Salsa buying terms for car and servicing • No deposit required - fixed budget monthly rentals• No credit checks to undergo• Includes road tax (if applicable) for the whole contract
• Includes all Servicing & Repairs • Unlimited Tyre Replacement/Repair (even due to accidental damage)• Comprehensive Breakdown Cover• Fully managed by TCH Assist- One call and you are looked after!• Fully comprehensive ‘Buisness’ Insurance fixed for 3 years (regardless of claims)• Additional 2 named drivers allowed (min 18 years)
DACIA SANDERO HATCHBACK1.0 SCe Access 5dr
Taxable List Price £5,780 CO2 Emissions 117
From £196.75 per month
HYUNDAI I10 HATCHBACK1.0 S 5dr
Taxable List Price £9,345CO2 Emissions 108
From £232.07 per month
VOLKSWAGEN UP HATCHBACK1.0 Take Up 3dr
Taxable List Price £9,125CO2 Emissions 101
From £241.07 per month
TOYOTA AYGO HATCHBACK1.0 VVT-i X 3dr
Taxable List Price £9,080 CO2 Emissions 95
From £227.86 per month
CITROEN C1 HATCHBACK1.0 VTi Touch 3dr
Taxable List Price £8,945CO2 Emissions 95
From £244.47 per month
FIAT 500 HATCHBACK1.2 Pop 3dr
Taxable List Price £11,420CO2 Emissions 110
From £241.72 per month
City Cars/Super MiniMonthly rentals inclusive of everything except fuel!
(All monthly rentals are general examples only – based on 36 month/6,000 miles per annum contracts – live, website quotes are based on personal details, whether you are a 20% or 40% taxpayer, vehicle annual mileage, your organisation’s VAT position and whether they are public sector or corporate organisation terms).
Winter 2018 Special Offers
Small Family Hatchbacks
TOYOTA YARIS HATCHBACK1.0 VVT-i Active 5dr
Taxable List Price £13,120CO2 Emissions 99
From £256.48 per month
CITROEN C3 HATCHBACK1.2 PureTech Touch 5dr
Taxable List Price £11,360CO2 Emissions 108
From £255.64 per month
SEAT IBIZA HATCHBACK1.0 S 5dr
Taxable List Price £13,195CO2 Emissions 112
From £263.40 per month
SKODA FABIA HATCHBACK1.0 MPI S 5dr
Taxable List Price £12,035CO2 Emissions 111
From £268.80 per month
DACIA LOGAN MCV ESTATE1.0 SCe Access 5dr
Taxable List Price £7,080CO2 Emissions 120
From £217.57 per month
NISSAN MICRA HATCHBACK1.0 Visia 5dr
Taxable List Price £12,100CO2 Emissions 103
From £248.01 per month
Monthly rentals inclusive of everything except fuel!
(All monthly rentals are general examples only – based on 36 month/6,000 miles per annum contracts – live, website quotes are based on personal details, whether you are a 20% or 40% taxpayer, vehicle annual mileage, your organisation’s VAT position and whether they are public sector or corporate organisation terms).
Winter 2018 Special Offers
Large Family Hatch/Saloon
SEAT LEON HATCHBACK1.2 TSI SE Technology 5dr
Taxable List Price £18,705CO2 Emissions 114
From £331.33 per month
FORD FOCUS HATCHBACK1.0 EcoBoost 125 Zetec Edition 5dr
Taxable List Price £20,440CO2 Emissions 108
From £355.99 per month
MERCEDES-BENZ A CLASS HATCHBACKA160 SE 5dr
Taxable List Price20,500CO2 Emissions 124
From £382.91 per month
SKODA RAPID HATCHBACK1.0 TSI 95 S 5dr
Taxable List Price £15,275CO2 Emissions 103
From £331.75 per month
SKODA OCTAVIA HATCHBACK1.0 TSI S 5dr
Taxable List Price £17,500CO2 Emissions 110
From £348.28 per month
BMW 3 SERIES DIESEL SALOON316d SE 4dr
Taxable List Price £29,085CO2 Emissions 109
From £490.60 per month
Monthly rentals inclusive of everything except fuel!
(All monthly rentals are general examples only – based on 36 month/6,000 miles per annum contracts – live, website quotes are based on personal details, whether you are a 20% or 40% taxpayer, vehicle annual mileage, your organisation’s VAT position and whether they are public sector or corporate organisation terms).
Winter 2018 Special Offers
SUV/Small Crossovers
NISSAN JUKE HATCHBACK1.6 Visia 5dr
Taxable List Price £14,825CO2 Emissions 139
From £290.39 per month
CITROEN C3 AIRCROSS HATCHBACK1.2 PureTech Touch 5dr
Taxable List Price £13,780CO2 Emissions 116
From £285.83 per month
RENAULT CAPTUR HATCHBACK0.9 TCE 90 Dynamique Nav 5d
Taxable List Price £16,690CO2 Emissions 114
From £305.39 per month
FORD ECOSPORT HATCHBACK 1.0 EcoBoost 125 Zetec 5dr
Taxable List Price £17,280CO2 Emissions 119
From £339.17 per month
SEAT ATECA ESTATE1.0 TSI Ecomotive S 5dr
Taxable List Price £18,455CO2 Emissions 119
From £302.23 per month
KIA STONIC ESTATE1.4 MPi 2 5dr
Taxable List Price £16,080CO2 Emissions 125
From £302.47 per month
Monthly rentals inclusive of everything except fuel!
(All monthly rentals are general examples only – based on 36 month/6,000 miles per annum contracts – live, website quotes are based on personal details, whether you are a 20% or 40% taxpayer, vehicle annual mileage, your organisation’s VAT position and whether they are public sector or corporate organisation terms).
Winter 2018 Special Offers
SUV/Large Crossovers
TOYOTA C-HR HATCHBACK1.2T Excel 5dr
Taxable List Price £24,340CO2 Emissions 136
From £480.63 per month
KIA SPORTAGE ESTATE1.6 GDi ISG 1 5d
Taxable List Price £18,940CO2 Emissions 147
From £329.67 per month
SUZUKI VITARA ESTATE1.6 SZ-T 5dr
Taxable List Price £17,784CO2 Emissions 123
From £321.80 per month
VAUXHALL GRANDLAND X Hatchback 1.2T SE 5dr
Taxable List Price £22,270CO2 Emissions 117
From £404.77 per month
NISSAN QASHQAI HATCHBACK1.2 DiG-T Visia 5dr
Taxable List Price £19,080CO2 Emissions 129
From £309.81 per month
SEAT ARONA HATCHBACK 1.0 TSI 115 FR 5DR
Taxable List Price £19,680CO2 Emissions 113
From £355.83 per month
Monthly rentals inclusive of everything except fuel!
(All monthly rentals are general examples only – based on 36 month/6,000 miles per annum contracts – live, website quotes are based on personal details, whether you are a 20% or 40% taxpayer, vehicle annual mileage, your organisation’s VAT position and whether they are public sector or corporate organisation terms).
Winter 2018 Special Offers
Electric/HybridWinter 2018 Special Offers
HYUNDAI IONIQ HATCHBACKElectric Premium 5dr Auto
Taxable List Price £29,740CO2 Emissions 0
From £411.54 per month
TOYOTA C-HR HATCHBACK1.8 Hybrid Dynamic 5dr CVT
Taxable List Price £28,470CO2 Emissions 87
From £442.58 per month
MITSUBISHI OUTLANDER ESTATE2.0 PHEV Juro 5dr Auto
Taxable List Price £36,500CO2 Emissions 41
From £465.95 per month
BMW I3 HATCHBACK94Ah 5dr Auto
Taxable List Price £34,015CO2 Emissions 0
From £437.87 per month
HYUNDAI IONIQ HATCHBACK1.6 GDi Hybrid SE 5dr DCT
Taxable List Price £20,740CO2 Emissions 79
From £337.76 per month
Monthly rentals inclusive of everything except fuel!
(All monthly rentals are general examples only – based on 36 month/6,000 miles per annum contracts – live, website quotes are based on personal details, whether you are a 20% or 40% taxpayer, vehicle annual mileage, your organisation’s VAT position and whether they are public sector or corporate organisation terms).
TOYOTA YARIS HATCHBACK1.5 Hybrid Active 5dr CVT
Taxable List Price £16,425CO2 Emissions 75
From £280.12 per month
How is it I can get cheaper monthly deals at my local dealership?
Many local dealers have very low ‘headline’ rentals in their advertising – what you need to look for is:
• A large deposit may be required (our scheme has no deposit at all – and you don’t start to pay a penny until after delivery!)• It probably doesn’t include any routine servicing and maintenance • It won’t include tyre replacements• It may not include breakdown cover for the whole contract• It probably doesn’t include fully comprehensive, fixed premium (for the whole contract), ‘business cover’ insurance – to include an additional two drivers! • It won’t include the benefit of having TCH Assist look after your car throughout the course of your contract!
All the above is included in the TCH Salsa package!
‘All makes and models of vehicle are available to order but if you choose a low Co2 emission car
the savings will be greater!’
Here’s how to register on the website:
Visit www.tchsalsa.co.ukClick on ‘Register First Time’
Enter your organisation’s unique Pin Number *Choose your own username and password
Complete the remaining fieldsClick on ‘Sign Up’
(*if you do not know your organisation pin number, please contact your HR Department or alternatively email
[email protected] it will be forwarded to you)
You will then be able to proceed to the quotations part of the website and get as many quotes as you want, save them and when decided on the car for you, start the order process.
A comprehensive FAQ guide is available to download or view from the quotations page.
It costs nothing to register to see how much you can save on a brand new carthrough the scheme!
REGISTER FIRST TIME EMPLOYEE LOGIN
Do I have to be the main driver of the car?
No. As long as your employer is in agreement, you do not have to be the main driver. You can order a vehicle for another family member however the monthly rentals have to come from your salary in order to meet the rules of the scheme.
A few common questions...
What happens if I choose to leave my Employer during the contract?
You must consider carefully whether you are going to be with your employer for the time you will have your car because they have introduced this scheme as a valuable benefit for you and as a way of retaining your valuable services. Therefore, like any retail finance arrangement, there would be an early termination fee to be paid should you leave which is based on how far the vehicle is in to the contract period. The charge is highest early in the contract and lowest towards the end of contract. If you are away from work on a temporary basis and on lower earnings due to long term sickness or maternity/paternity/adoption leave then your monthly rentals are paid for and you get continued use of the car as normal (up to a maximumof 12 months).
Why do I have to pay Company Car tax on the car if I am paying for it out of my salary?
HMRC classes this scheme as the provision of a ‘benefit in kind’ which effectively means the car is treated in the same way as a ‘Company Car’. You therefore are subject to company car tax however for the vast majority of people, the Tax and NI savings that are made (Dependent on whether the vehicle is a ULEV or not with a Co2 of 75g/km or less) will outweigh the company car tax making it an attractive option and if you choose a cleaner, low Co2 vehicle, the company car tax is minimised meaning the tax and NI savings are greater!
How quickly will my car be delivered?
Most vehicles are factory built and may take anywhere from 6 to 16 weeks (dependent on the make and model) however if you require a vehicle quickly and are prepared to be flexible, we can ask our network of dealers to give us a list of cars that are either in stock or due to be built which may arrive quicker than a factory built order. We have been able to supply some vehicles within a week or two of ordering! All you need to do is just ask us and we will search for the right vehicle for you!Simply email [email protected] or call 0333 800 1451 for details.
Is it possible to purchase the car at the end of the contract?
Yes, this is possible and we can give you a ‘price to buy’ towards the end of the contract however most people simply place a new order a few months before the end of contract and we deliver the new car on the last day of the current contract and make a ‘key for key’ swap.
Terms and ConditionsQuotes are based on an average insurance profile and are for illustration purposes only. Quotes will differ based on your individual circumstances.
Car images are for illustration purposes only.
AddressTCH Salsa, Cuthbert House, 9 Brookdale Court, Chapeltown, Sheffield, South Yorkshire, S35 2PT
E-mailsalarysacrifice tchleasing.co.uk
Phone0333 0146 059
Driver Support0333 800 1451
