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:

Your scheme discount has been applied in the calculation above. Please be aware that this is not valid on local bike shop orders.

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 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)

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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