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 employer's 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 SpeechmarkOur first Cycle to Work scheme with Cycle Solutions was a success from start to finish, the manner in which they managed the whole project for South Central Ambulance Service NHS Foundation Trust, was run very efficiently and professionally and was customer service at its best. From the start the product range was large. Help in promoting the project to all staff (including Road Shows) was highly professional, and they made sure that the procedures put in place for staff engagement to purchase were accessible online and easily understandable. We would have no hesitation in using this company again for further Cycle to Work schemes. End of Quote Speechmark

Environmental Officer (Green Team Coordinator), South Central Ambulance Service NHS Foundation

Start of Quote SpeechmarkWe used Cycle Solutions for the first time this year (2015). We changed from an alternative provider and transition/set up was relatively simple. One of the big benefits of using Cycle Solutions from an administration point of view is that they provide their own marketing materials, run roadshows and completely manage the end of scheme process. Cycle Solutions operate their own online shop with the opportunity to include local bike shops if required. The vast majority of staff made a point of feeding back to HR how pleased they were with their bikes! End of Quote Speechmark

Reward & Policy Co-ordinator, University of Derby

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