Commuter benefits for employees
Our commuter benefits for employees consist of our Cycle to Work and Green Car Salary Sacrifice Schemes. Employees spread the cost of cheaper and greener transportation while employers make NIC savings.
Employees save on commuting costs when they switch their petrol or diesel vehicles for a bike or EV car.
Available through a Salary Sacrifice Scheme, our Cycle to Work and Green Car commuter benefits deliver tax savings and reduce National Insurance Contributions (NIC).
When a business offers employees commuter benefits, they’re making the commute to work more joyful, increasing job satisfaction.
Commuter benefits programmes like our Cycle to Work Scheme make cycling more affordable, supporting healthier lifestyles and boosting employee wellbeing.
Monthly repayments on our Green Car salary sacrifice scheme include insurance, MOT, road tax, replacement tyres, servicing, 24/7 accident management and driver support.
Cycle to Work and Green Car salary sacrifice schemes reduce employer class one National Insurance Contributions, lowering the wage bill and freeing up funds to invest in other wellbeing benefits.
A Green Car salary sacrifice scheme is a ‘big ticket item’; making an electric vehicle affordable and allowing employees to enjoy saving money sets you apart from other employees when acquiring top talent.
Commuter benefits make your Employee Value Proposition (EVP) more attractive because they make commuting cheaper and more enjoyable, boosting your employee retention strategy.
The Cycle to Work and Green Car schemes reduce carbon emissions by being greener ways of commuting to work, and businesses can include the environmental impact in their Corporate Social Responsibility reporting.
Eco-friendly cars are more affordable through an employee salary sacrifice scheme – everything is included, fully managed, and extra peace of mind.
Employees and employers make NIC savings with our fully managed Cycle to Work scheme that spreads the cost of a new bike and all the gear needed.
We fully manage your Cycle to Work and Green Car salary sacrifice schemes, giving you control over your application window. Full reporting tools allow you to see the scheme savings as well as the carbon emission reduction.
You can embed our salary sacrifice portal onto our Employee Benefits Platform for a centralised view of your benefits offering, and to enhance the user experience – driving engagement.
The Cycle to Work and Green Car salary sacrifice schemes are *free-to-implement. While employees repay via the scheme, they make tax and NIC savings, while employers also enjoy paying less in NIC.
We offer a Cycle to Work and Green Car salary sacrifice scheme.
We always advise you to seek independent tax advice. However, in the case of a Cycle to Work scheme, the ‘No Cost Benefits in Kind and Making Good’ scenario would apply as the employee repays the entire amount via the salary sacrifice agreement.
If you have our Employee Discounts Platform, you can bolt our salary sacrifice solutions on for *free. Get in touch with one of our employee engagement consultants today.
An employee could enrol in a Cycle to Work and Green Car salary sacrifice scheme so long as the repayments do not reduce their take-home pay to below the National Minimum Wage.
Get in contact with us today to find out more.