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 SpeechmarkBournemouth University is very happy with the excellent service that Cycle Solutions have provided in the delivery of a workplace cycle to work salary sacrifice scheme. Cycle solutions have been flexible in tailoring a scheme to suit Bournemouth University and its staff. The customer service, sales and promotions provided as part of the scheme has made implementation very straight forward and is helping to support the BU Travel Plan by incentivising more staff to cycle to work End of Quote Speechmark

Travel Plan Co-ordinator, Bournemouth University

Start of Quote SpeechmarkCycle Solutions, visited 7 key sites from Cardiff to Caernarfon and employees were drawn to their ‘Virtual Shop’ road show events where they could sample some of the bikes and equipment available through the tax efficient benefit scheme. End of Quote Speechmark

HR Advisor – Pensions, Dwr Cymru (Welsh Water)

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