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 each pay period)
Actual pay period 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 employer's scheme. For a more accurate value please ask your employer for their scheme code.

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Testimonials

Start of Quote SpeechmarkOldham Council ran a scheme with Cycle Solutions for the first time in 2015 and we have been very happy with the service provided. The website option meant more employees signed up as it was hassle free and we were also able to include our local businesses which was important to us. The level of support from Cycle Solutions has been excellent and have received positive feedback from a number of staff members. The promotional materials and roadshows were also very well received. End of Quote Speechmark

, Oldham Council

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

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