optimizer Key Facts An introduction to the benefits available to you through the optimizer Salary Sacrifice Car Scheme.

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1 optimizer Key Facts An introduction to the benefits available to you through the optimizer Salary Sacrifice Car Scheme.

2 What is optimizer? Optimizer is a new kind of car scheme that gives you access to great deals on a fantastic range of brand new, fully maintained, fuel efficient cars. It s a Salary Sacrifice Car Scheme, which means it s tax efficient because your car payments come off your salary. You pay less Income Tax and less National Insurance, plus you don t have to pay large deposits or enter into a formal high street loan agreement. Optimizer cars are fully maintained and professionally managed, so you get to enjoy the same benefits as traditional company car drivers. There s no need to worry about road tax, servicing, breakdowns, tyres or any other unexpected repair costs, because Optimizer delivers true risk free motoring. Optimizer cars are regarded as business cars, so we can leverage our bulk purchasing power and pass on the same level of manufacturer incentives that your employer is used to. What cars can i get on optimizer? We can supply Salary Sacrifice cars from any manufacturer and deliver them free of charge right to your door (UK mainland only). In our experience, Optimizer works best for cars that are small to medium sized and have low emissions and high fuel consumption. how do i KnoW if i am eligible? You have to work at least 28 hours per week to be eligible for Salary Sacrifice. You have to be 22 years of age. Your employer may impose other restrictions, so we recommend you check. Minimum of 12 months service required. Simply put, Optimizer lets you drive away a brand new car every 2 or 3 years at a price you simply couldn t get anywhere else. What is salary sacrifice? Salary Sacrifice is a well established tax-efficient way for an employer to provide additional non-cash benefits to employees. The range of benefits that can be offered under Salary Sacrifice has expanded in recent years and the savings can be considerable. You might already be familiar with schemes that provide benefits on bicycle loans, childcare vouchers, pension contributions, work-related training, health screening, canteen vouchers or bus passes. Optimizer is a Salary Sacrifice scheme for cars that offers you one of the most valuable benefits available - low cost, fully inclusive motoring. What are the Main benefits of a salary sacrifice arrangement? Your employer benefits from savings in National Insurance, but all of the other savings are to your benefit. You pay less Income Tax You pay less National Insurance You enjoy fleet discounts You don t have to find a large initial deposit You drive away a brand new car every few years You don t have to worry about road tax, servicing, breakdowns or repairs You save money on fuel It s easy no credit applications, no need to visit a showroom and no disposal hassles

3 What services are included? An Optimizer agreement is a comprehensive agreement that provides the hire of a car for 2 or 3 years and includes the following services: Servicing We pay for all scheduled manufacturer services and safety checks. Mechanical Repairs We pay for any unexpected mechanical repairs (excluding driver damage). Tyres and Exhausts We pay for all tyre and exhaust repairs and replacements (unless damaged). Emergency UK Roadside Recovery We include UK roadside recovery for the duration of the agreement. Fleet Europe We include complimentary roadside recovery and repatriation cover for continental Europe. Accident Management We will provide emergency roadside assistance in the event of an accident and professionally manage the repair process for you. Relief Vehicles We ll provide a complimentary courtesy car if you re vehicle requires mechanical repairs that take longer than 24 hours to complete. Annual Road Tax We pay for road tax every year. Motor Insurance (if required) Insurance is included. Modifications such as blue lights and sirens however cannot be fitted as this will not be covered on the insurance.

4 How does it work? We will set up the Optimizer Car Scheme on our website and work with your employer to make everyone aware that the scheme is ready for use: We will issue you with your own unique user name and password. The first time you login, we ll ask you to confirm some personal details, including the percentage amount of tax you pay i.e. 20%, 40% or 50%. Once registered, you can then search for cars using either manufacturer and model selections, or using our handy affordability filter. You can save quotations, retrieve and print them at any time. You can create new quotations over 24 or 36 months that will include any special terms we have negotiated on your employers behalf. You choose your expected annual mileage. You can easily add manufacturer extras. Once you ve found the car you want to order, you can submit your order online. We will send an approval request to your employer before proceeding with the order. We will keep you updated on the status of your order. Once your new Optimizer car is ready, we ll arrange delivery with you. On delivery of the vehicle, we will advise your employer of the exact amount to process under the Optimizer Salary Sacrifice arrangement. We will support you and deal with the administration of your car during the agreement e.g. we ll send new tax disks to you. We will conduct a drivers licence check each year on behalf of your employer. At the end of the agreement, we ll arrange collection (or private sale) of the car.

5 Could I get a similar deal from my local franchised dealer? NO. The Optimizer Salary Sacrifice Scheme allows you to enjoy fleet discounts that you would otherwise not have access to. In addition, the Income Tax and National Insurance savings are only available through a Salary Sacrifice arrangement. It s also worth mentioning that dealers are not professional fleet managers and they can only offer deals on one particular franchise. We offer a total fleet management package for every manufacturer. What happens if I exceed the mileage allowance? You will be responsible for any excess mileage charges that arise as a result of a higher than expected mileage. On the other hand, you are also entitled to a rebate if the mileage is less than anticipated. We will keep an eye on the mileage driven on your car during the agreement, and if it is materially different, we will contact you to implement a contract alteration. We find that this is most often the best way to deal with mileage variances, as it avoids any last minute surprises. Who owns the car? We own the car, which is hired to your employer through a Contract Hire agreement. What happens if I resign AND TAKE a new position elsewhere? You will be responsible for any penalties that arise as a result of voluntary early termination of the Salary Sacrifice agreement. It is important to note that if you have an additional agreement for your partner, this will also be affected if you leave the business. If I leave the business, can I take the car with me? NO. The Optimizer Salary Sacrifice car is a benefit that is provided through your employer. As a result, you cannot continue the arrangement with your new employer. Having said that, we may be able to lease the car to you through a Personal Contract Hire arrangement, or we could quote you a price to buy the car outright. Can I buy the car outright at the end of the agreement? YES. You have first refusal on the purchase of the car at the end of the agreement. Simply contact us a couple of months before the car is due back and we ll give you a purchase price.

6 What happens if my car is damaged at the end of the agreement? You will be responsible for any damage that exists on the car at the end of the agreement. That s why we recommend that you take care of any outstanding insurance claims prior to the return of the car. We subscribe to the BVRLA Fair Wear and Tear Guide, so you can be confident that we will only raise charges for damaged items, as opposed to minor body scuffs. What happens if I take maternity, paternity or adoption leave? During periods of maternity, paternity or adoption leave, your employer is legally obliged to continue to provide all contracted benefits, and this includes your Optimizer car. This means that some or all of the cost of the Optimizer car will be met by your employer during this period. Are there any disadvantages? Salary Sacrifice is a great way to fund a new car, but it isn t suitable for everyone and there are some issues you need to consider before committing to an agreement. Some state benefits are linked to earnings, so it s important that your earnings do not fall below the minimum required earnings level, otherwise it could lead to a reduction in benefits such as Statutory Maternity Pay and Statutory Sick Pay. Entitlement to Working Tax Credit may also be affected. It is also important to consider your borrowing levels, as applications for loans or mortgages may be affected. However, lenders increasingly take Salary Sacrifice into consideration. You are not allowed to Sacrifice Salary below the National Minimum Wage. What happens if I take ill and have to take extended sick leave? During periods of extended sick leave, your employer is legally obliged to continue to provide all contracted benefits, and this includes your Optimizer car. This means that some or all of the cost of the Optimizer car will be met by your employer during this period. How will Optimizer affect my wage increases and pension contributions? Irrespective of any Salary Sacrifice deductions, salary increments are always based on the true salary before benefits, the so-called notional salary. So for example, if you earn 30,000 a year, and you sacrifice 2,000 of this salary for one or several benefits, your annual increment is still based upon 30,000. The same rule is normally true for pension contributions, but we recommend you confirm this with your employer.

7 Where do i get Further information? For further information on the Optimizer Salary Sacrifice Car Scheme, and how you can benefit from it, please contact one of our specialists. arnold clark vehicle Management St Georges House 163 St Georges Road Glasgow G3 6LB Contact: John Christison Tel: +44(0) east Midlands ambulance service nhs trust 1 Horizon Place Mellors Way Nottingham Business Park Nottingham NG8 6PU

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