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 SpeechmarkAt Dorset County Hospital we’re trying to be as kind to the environment as possible and so our staff were very keen for us to start up a cycle to work scheme. After meeting with Cycle Solutions we were very pleasantly surprised by how easy they made everything for us – they manage the whole ordering process, are always on hand to answer any questions and even held on-site roadshows. We’ve had a lot of feedback from our staff on how much of a pleasure it was for them to interact with them as a company and how much knowledge Cycle Solutions staff have about cycling. From an employer perspective the running of this scheme couldn’t have been more streamlined or seamless, everything has been completely hassle-free. End of Quote Speechmark

Head of Workforce Engagement and Development, Dorset County Hospital NHS Foundation Trust

Start of Quote SpeechmarkWe wanted to promote healthy living to all our staff and knew that the Cycle to Work Scheme was a fantastic way to keep staff fit with the added bonus of being able to get huge savings on the cost of a new bike and/or equipment. Right from our initial meeting with Cycle Solutions their representatives have always been very approachable, friendly and knowledgeable, which has helped us make the scheme easy to administer. Their Road Shows and informative promotional material resulted in a very good uptake of the scheme on our first launch from a varied range of staff members. Even after the road shows, the Cycle Solutions representatives went out of their way to help a number of our staff members to try and find specific bikes they required. We would recommend Cycle Solutions to any company; large or small. End of Quote Speechmark

HR and Payroll , Gravesham Borough Council

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