National Insurance Savings

Savings on secondary Class 1 National Insurance contributions

This is the great part; it's free for an employer to join up ! Then all administration, marketing and on-going support will be provided free of charge - Cycle Solutions will provide a fully managed Cycle to Work Scheme.

Because the employee pays for the loan of the cycling equipment through a 'salary sacrifice' the staff effectively reduce their gross pay. The employer then benefits by reducing their own employer's National Insurance contributions by up to 13.8% of the value of all equipment supplied. Not only is the scheme free to run, but it can also save your organisation a significant amount from the wage bill!

How much could I save?

See an example of what you could save on the Cycle to Work Scheme by using our online calculator!

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Your saving calculation

Total cost of bikes
and accessories:
Salary sacrifice: (from your Gross Pay)
Actual monthly cost: (from your pocket in each pay period)
Total cost: (over payment term)
You save:

This value is an estimate based on the information you have provided. The value is subject to change depending on the individual parameters on your Employers scheme. For a more accurate value please ask your employer for their scheme code.

The maximum value of £1,000.00 can only be exceeded if your organisation has its own consumer credit license in place, or if they have negotiated discounts with Cycle Solutions.

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Testimonials

Start of Quote SpeechmarkWe have recently implemented our 'Cycle to Work' Lease Scheme which is proving to be both popular and beneficial to a growing number of employees. It has created a new surge of interest in cycling. Having no financial implications and little administrative demands on our organisation, this employee salary sacrifice scheme has allowed us to promote healthier journeys to work and to reduce environmental pollution. End of Quote Speechmark

Travel Plan Officer, Powys County Council

Start of Quote SpeechmarkThe City & County of Swansea has been pleased to work with Cycle Solutions on a number of occasions in recent years. Our most recent Cycle to Work scheme has seen record numbers of employees taking part in the initiative. The service that they provide is comprehensive and has given us great confidence because of the breadth of their knowledge and experience in the delivery of cycle to work schemes.” End of Quote Speechmark

Transport Strategy , City & County of Swansea

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