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Contents · nissan juke hatchback 1.2 dig-t acenta 5dr ... nissan micra hatchback ... toyota yaris hatchback 1.0 vvt-i active 5dr

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Page 1: Contents · nissan juke hatchback 1.2 dig-t acenta 5dr ... nissan micra hatchback ... toyota yaris hatchback 1.0 vvt-i active 5dr
Page 3: Contents · nissan juke hatchback 1.2 dig-t acenta 5dr ... nissan micra hatchback ... toyota yaris hatchback 1.0 vvt-i active 5dr

Salary Sacrifice– THE EFFECTS OF THE CHANCELLOR’S AUTUMN STATEMENT

Fears that changes to Salary Sacrifice schemes would remove all the tax and national insurance advantages that they bring prove to be unfounded, as full details of the proposed changes announced in the chancellor’s autumn statement were released.

The following examples highlight how in practice the changes will affect the cost to employees. TCH Salsa estimate that 70% of vehicles will be unaffected by the forthcoming changes and many that are affected will only see costs increase by an average of £10 per month.

The key elements are as follows:

• Changes will apply to new leases from the 5th April 2017• All current leases and all new leases registered and delivered before the 6th April 2017 will be exempt from changes until 2021 or their expiry date if sooner.• Employee national insurance savings will remain• Tax will be paid by the employee on either the gross salary sacrifice or the Benefit in Kind, whichever is the greater• ULEV’s will be exempt from the changes (CO2 of 75g/km or less)• ‘Car or Cash Allowance’ schemes are also affected

Important Information

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CITROEN C1 HATCHBACK1.2 Pure Tech Feel 5dr

Pre April 2017

Post April 2017

Taxable List Price £11,070.00 CO2 Emissions 99 Combined MPG 65.7 Transmission Manual

All inclusive GrossMonthly salary reduction.

£262.93

All inclusive GrossMonthly salary reduction.

£262.93

Your reduction in tax based upon a marginal

rate of 20.0%.

-£52.59

Your reduction in tax based upon a marginal

rate of 20.0%.

-£52.59

Your reduction in NI based upon a marginal

rate of 12.0%.

-£31.55

Your reduction in NI based upon a marginal

rate of 12.0%.

-£31.55

Estimated Net Cost to you after salary sacrifice.

£212.00

Estimated Net Cost to you after salary sacrifice.

£231.38

Company cartax payable.

£33.21

Company cartax payable.

£52.59

Example 1

In example 1 above, because the tax saving in the pre-April calculation (£52.59) is greater than the company car tax payable (£33.21), come April 2017 the difference of £19.38 is payable as additional tax which makes the net cost £231.38 per month (as opposed to £212 per month previously). In example 2, because the company car tax payable (£64.32) is greater than the income tax payable (£61.62) there will be no change to the rental come April 2017.

All vehicles registered and delivered by 5th April 2017 will fall under the current rules for the whole of the contract period (2 or 3 years) therefore if you are renewing a current vehicle with us or are considering ordering your first vehicle on the scheme we would urge you to order it as soon as possible to give us the best chance of getting the new vehicle to you. If the delivery is delayed for any reason until after 5th April you may have to pay slightly more company car tax than what you have been quoted on the website due to the HMRC rule changes.

Pre April 2017

Post April 2017

NISSAN JUKE HATCHBACK 1.2 DiG-T Acenta 5dr

Taxable List Price £16,080.00 CO2 Emissions 128 Combined MPG 49.6 Transmission Manual

All inclusive GrossMonthly salary reduction.

£308.12

All inclusive GrossMonthly salary reduction.

£308.12

Your reduction in tax based upon a marginal

rate of 20.0%.

-£61.62

Your reduction in tax based upon a marginal

rate of 20.0%.

-£61.62

Your reduction in NI based upon a marginal

rate of 12.0%.

-£36.97

Your reduction in NI based upon a marginal

rate of 12.0%.

-£36.97

Estimated Net Cost to you after salary sacrifice.

£273.85

Estimated Net Cost to you after salary sacrifice.

£273.85

Company cartax payable.

£64.32

Company cartax payable.

£64.32

Example 2

Page 5: Contents · nissan juke hatchback 1.2 dig-t acenta 5dr ... nissan micra hatchback ... toyota yaris hatchback 1.0 vvt-i active 5dr

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.

By agreeing to a reduction in your salary which goes towards paying the monthly rental for your car, you can save an amount of tax and national insurance on the remainder of your salary. Although you have to pay company car tax as the provision of the car by the employer is classed as a ‘benefit in kind’, the tax and NI savings far outweigh the company

car tax. Each vehicle supplied on the Salary Sacrifice scheme includes road tax, all servicing and maintenance, breakdown cover, all tyre replacements, and fixed premium, fully comprehensive insurance (withup to two additional drivers if required) for the whole ofthe contract.

facebook.com/tchsalsa twitter.com/tchsalsa

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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 • 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 Tax and NI savings will almost always substantially outweigh the Company Car Tax meaning you make an overall big 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.

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TOYOTA AYGO HATCHBACK1.0 VVT-i X 3dr

Taxable List Price £9,040.00CO2 Emissions 95Combined MPG 68.9

From £161.78 per month

NISSAN MICRA HATCHBACKSPECIAL EDITION 1.2 Visia Limited Edition 5dr

Taxable List Price £7,940.00CO2 Emissions 115Combined MPG 56.5

From £202.27 per month

CITROEN C1 HATCHBACK 1.0 VTi Feel 3dr

Taxable List Price £10,100.00CO2 Emissions 95Combined MPG 68.9

From £184 per month

PEUGEOT 108 HATCHBACK1.0 Access 3dr

Taxable List Price £8,440.00CO2 Emissions 95Combined MPG 68.9

From £172.50 per month

SKODA FABIA HATCHBACK1.0 MPI 60 S 5dr

Taxable List Price £11,100.00CO2 Emissions 106Combined MPG 60.1

From £195.70 per month

FIAT 500 HATCHBACK1.2 Pop 3dr

Taxable List Price £10,995.00CO2 Emissions 110Combined MPG 60.1

From £187.90 per month

City Cars/Super MiniWinter 2016/17 Special Offers

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). Calculations based on pre-April 2017 changes to tax and Ni rules. Vehicles must be registered and delivered prior to 6th April 2017.

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Small Family Hatchbacks Winter 2016/17 Special Offers

TOYOTA YARIS HATCHBACK1.0 VVT-i Active 5dr

Taxable List Price £12,515.00CO2 Emissions 99Combined MPG 65.7

From £202 per month

VOLKSWAGEN POLOHATCHBACK 1.0 S 5dr

Taxable List Price £12,210.00CO2 Emissions 108Combined MPG 58.9

From £208 per month

MAZDA2 HATCHBACK 1.5 75 SE-L 5dr

Taxable List Price £13,440.00CO2 Emissions 110Combined MPG 60.1

From £240 per month

KIA RIO DIESEL HATCHBACK1.1 CRDi 1 5dr

Taxable List Price £12,190.00CO2 Emissions 86Combined MPG 85.6

From £205.39 per month

SEAT IBIZA SPORT COUPE1.0 SE Technology 3dr

Taxable List Price £13,100.00CO2 Emissions 118Combined MPG 54.3

From £212 per month

FORD FIESTA DIESEL HATCHBACK1.5 TDCi Zetec Navigation 3dr

Taxable List Price £15.490.00CO2 Emissions 94Combined MPG 78.5

From £226 per month

AUDI A1 HATCHBACK 1.0 TFSI SE 3dr

Taxable List Price £14,475.00CO2 Emissions 97Combined MPG 67.3

From £240 per month

VAUXHALL CORSA HATCHBACK1.4 Design 3dr

Taxable List Price £12,070.00CO2 Emissions 120Combined MPG 54.3

From £221 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). Calculations based on pre-April 2017 changes to tax and Ni rules. Vehicles must be registered and delivered prior to 6th April 2017.

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Large Family Hatch/Saloon Winter 2016/17 Special Offers

FORD FOCUS HATCHBACK1.0 EcoBoost Zetec 5dr

Taxable List Price £19,040.00CO2 Emissions 106Combined MPG 61.4

From £263 per month

MERCEDES-BENZ A CLASS DIESEL HATCHBACK A180d SE 5dr

Taxable List Price £22,430.00CO2 Emissions 89Combined MPG 80.7

From £323 per month

BMW 1 SERIES DIESEL HATCHBACK 116d EfficientDynamics Plus 5dr

Taxable List Price £22,655.00CO2 Emissions 89Combined MPG 83.1

From £313 per month

VOLKSWAGEN GOLF HATCHBACK 1.0 TSI Match BlueMotion Edition 5dr

Taxable List Price £20,710.00CO2 Emissions 105Combined MPG 62.8

From £298 per month

SKODA RAPID SPACEBACKHATCHBACK 1.2 TSI 110 SE Tech 5dr

Taxable List Price £15,905.00CO2 Emissions 111Combined MPG 57.7

From £257 per month

AUDI A3 DIESEL HATCHBACK1.6 TDI SE 3dr

Taxable List Price £21,560.00CO2 Emissions 99Combined MPG 74.3

From £322 per month

VAUXHALL ASTRA HATCHBACK1.0T 12V ecoFLEX Design 5dr

Taxable List Price £16,560.00CO2 Emissions 99Combined MPG 65.7

From £258 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). Calculations based on pre-April 2017 changes to tax and Ni rules. Vehicles must be registered and delivered prior to 6th April 2017.

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Electric/HybridWinter 2016/17 Special Offers

NISSAN LEAF HATCHBACKVisia 5dr Auto

Taxable List Price £26,125.00CO2 Emissions 0Combined MPG 0

From £436 per month

TOYOTA YARIS HATCHBACK1.5 Hybrid Active 5dr CVT

Taxable List Price £15,760.00CO2 Emissions 75Combined MPG 85.6

From £225 per month

VOLKSWAGEN GOLF HATCHBACK e-Golf 5dr Auto

Taxable List Price £31,625.00CO2 Emissions 0Combined MPG 0

From £457 per month

LEXUS CT HATCHBACK200h 1.8 S 5dr CVT Auto

Taxable List Price £21,940.00CO2 Emissions 82Combined MPG 78.5

From £340 per month

MITSUBISHI OUTLANDERESTATE 2.0 PHEV GX3h 5dr Auto

Taxable List Price £34,749.00CO2 Emissions 41Combined MPG 116.1

From £442 per month

TOYOTA AURIS HATCHBACK1.8 Hybrid Active 5dr CVT

Taxable List Price £20,840.00CO2 Emissions 79Combined MPG 80.7

From £285 per month

NISSAN e-NV200 COMBI ESTATEAcenta 5dr Auto [5 seat]

Taxable List Price £28,472.00CO2 Emissions 0Combined MPG 0

From £418 per month

BMW I3 HATCHBACK 5dr Auto

Taxable List Price £30,925.00CO2 Emissions 0Combined MPG 0

From £474.36 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). Calculations based on pre-April 2017 changes to tax and Ni rules. Vehicles must be registered and delivered prior to 6th April 2017.

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SUV/CrossoversAutumn 2016/17 Special Offers

NISSAN JUKE HATCHBACK 1.2 DiG-T Acenta 5dr

Taxable List Price £16,080.00CO2 Emissions 128Combined MPG 49.6

From £261 per month

FIAT 500X DIESEL HATCHBACK 1.3 Multijet Pop 5dr

Taxable List Price £16,290.00CO2 Emissions 107Combined MPG 68.9

From £241 per month

MAZDA CX-3 HATCHBACK 2.0 SE 5dr

Taxable List Price £17,410.00CO2 Emissions 137Combined MPG 47.9

From £331.81 per month

RENAULT CAPTUR HATCHBACK0.9 TCE 90 Dynamique Nav 5dr

Taxable List Price £16,130.00CO2 Emissions 114Combined MPG 55.4

From £250 per month

NISSAN QASHQAI DIESEL HATCHBACK 1.5 dCi Acenta 5dr

Taxable List Price £22,305.00CO2 Emissions 99Combined MPG 74.3

From £321 per month

CITROEN C4 CACTUS HATCHBACK 1.2 PureTech Touch 5dr

Taxable List Price £13,205.00CO2 Emissions 105Combined MPG 61.4

From £228 per month

JEEP RENEGADE DIESELHATCHBACK 1.6 Multijet Sport 5dr

Taxable List Price £19,140.00CO2 Emissions 115Combined MPG 64.2

From £305 per month

KIA SPORTAGE ESTATE1.6 GDi 1 5dr

Taxable List Price £18,010.00CO2 Emissions 156Combined MPG 42.2

From £288 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). Calculations based on pre-April 2017 changes to tax and Ni rules. Vehicles must be registered and delivered prior to 6th April 2017.

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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 and some, or all of your final salary may be used to pay this. 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 maximum of 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 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.

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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

[email protected]

Phone0333 0146 059

Driver Support0333 800 1451