What is Salary Sacrifice
Salary Sacrifice allows employees to give up the right to part of their salary in return for an employer’s agreement to provide the employee with a non-cash type benefit. In this case, it is for a bike.
By sacrificing gross salary the employee saves on Income Tax, Pension Contributions and National Insurance, and this significantly reduces the cost of acquiring new bicycle.
The employer gains a number of benefits by running salary sacrifice. There is added value to an employee's reward package, and helps to increase the levels of health and well being of employees. The employer can reduce its carbon footprint as well, and saves on the value of all bikes ordered. Savings are made up of National Insurance and NHS Pension Contributions.
What Can be Ordered Through the Scheme
Through our large network of local bike shops and our online mail order service, we are able to provide the best range of bikes and the best service, giving employees the best experience from joining.
Not only can bikes be obtained through the scheme, but all saftey equipment/accessories can be ordered through the scheme. This includes shorts, jackets, locks, helmets, lights, etc. For any questions on what can and cannot be obtained through the scheme, please call our helpline.