26 August 2025 📢 New Financial & Lifestyle Benefits Coming Soon! Electric & Petrol Vehicle Salary Sacrifice Scheme Drive a brand-new electric or hybrid car with no upfront costs, inclusive of insurance and maintenance, all through a fixed monthly salary deduction. 🔑 Key Benefits: Save on tax and NI: Reductions are made before tax, reducing your overall cost. All-inclusive package: Includes insurance, servicing, MOT, breakdown cover, tyres and road tax. No deposit required: Start driving without any upfront payment. Flexible options: Choose from a wide range of vehicles, customise your car and select your salary sacrifice period. Lifestyle protection: Covers early termination in cases like redundancy, long-term illness, family leave or retirement (subject to T&Cs). Sustainable choice: Reduce your carbon footprint with a zero-emission vehicle and supports Walsall's commitment to becoming net-zero by 2041. Salary sacrifice: Just like the Cycle to Work schemes, employees can sacrifice a fixed amount of their salary each month in exchange for a brand-new car. Eligibility: All employees can apply (excluding the below) Any employee employed on Teachers T&Cs, IR35 and casual workers. Eligibility for the car leasing scheme will also be subject to financial checks. 📝More about the provider Employees enjoy the ultimate benefit of driving a brand new fully insured and maintained car for a fixed monthly amount, taken from their salary. Tusker, as experts in this field, they will be responsible for managing and administering this benefit scheme for the Council. Link to Tusker website: Tusker — Drive a better car through Salary Sacrifice Link To FAQS (see benefits section): Frequently asked questions Link to Tusker FAQs: FREQUENTLY ASKED QUESTIONS Link to employee benefits: Employee Benefits This type of benefit is known as a Benefit in Kind (BIK), what does this mean? Benefit in Kind (BIK) is any non-cash benefit of monetary value that the employer provides for their employee. These benefits can also be referred to as notional pay, fringe benefits or perks. The benefits have monetary value, so they must be treated as taxable income. See below a video for further explanation. What is Benefit In Kind Tax? The Tusker Car Benefit Scheme - How does it work? Next steps: Look out for further communications on our launch over the coming weeks Posters will be added to our Walsall Council buildings shortly which will give employees a chance to read more about the offer There will be Teams meetings set up the week of go live to answer any questions you may have Tuskar will also be providing a webinar two weeks after launch that you will be able to book on, so please look out for this! Shared Cost Additional Voluntary Contributions (AVCs) This scheme allows you to boost your retirement savings while saving on Income Tax and National Insurance through salary sacrifice. 🔑 Key Benefits: Tax-efficient savings: Contributions are made before tax and NI, reducing your take-home pay impact. Flexible investment: Choose how your contributions are invested via Prudential. Tax-free lump sum: Potential to take some or all of your AVC pot as a tax-free lump sum at retirement, subject to legislation. Easy to manage: Sign up, adjust or stop contributions anytime 🔑 Eligibility: All employees on LGPS (Local Government Pension Scheme) can apply, excluding the below: Any employee employed on Teachers T&Cs, IR35 and casual workers. Eligibility will also be subject to financial checks. 📝More about the provider The Shared Cost AVC scheme is provided by using a salary sacrifice arrangement and is fully supported by the Council on the basis that it will: • Provide further flexible pension saving opportunities • Result in an increase in take-home pay when compared to paying AVCs in the standard way • Deliver employer NIC savings My Money Matters (MMM), as experts in this field, will be responsible for managing and administering this benefit scheme for the Council. Link to My Money Matters website: Home | For all your financial wellbeing needs | My Money Matters Link To FAQs (see benefits section): Frequently asked questions Link to MMM FAQs: MMM FAQs Link to employee benefits: Employee Benefits Please note that neither the Council, nor West Midlands Pension Fund, can provide advice on the suitability of AVCs for members and that other options for saving for retirement are available. For details of other options for saving for retirement within the Local Government Pension Scheme (LGPS), please refer to the LGPS website or seek independent financial advice from your preferred advisor. Next steps: Look out for further communications on our launch over the coming weeks Posters will be added to our Walsall Council buildings shortly which will give employees a chance to read more about the offer MMM will be providing a webinar two weeks after launch for current AVC members that you will be able to book on to, so please look out for this! MMM will be providing a webinar two weeks after launch regarding Understanding LGPS that you will be able to book on to, so please look out for this! MMM will be providing a webinar four weeks after launch regarding How to retire early with more money that you will be able to book on to, so please look out for this! Previous Article Next Article Please login or register to post comments.