A salary sacrifice arrangement cannot be used if in doing so the employee’s gross salary drops below National Minimum Wage. To avoid this, you should choose a bike under and/or request a longer salary sacrifice period.
A salary sacrifice arrangement cannot be used if in doing so the employee’s gross salary drops below National Minimum Wage. Please check and resubmit your calculation or refer to your HR / Benefits Team to check your eligibility for the scheme.
The cycle to work saving is made from repaying your employer from your gross saving. To make this saving you much be paid above the tax threshold of £12,570. Therefore, you should choose a bike under and/or request a longer salary sacrifice period.
*The GCI savings calculator can only give an indication of your potential saving as your personal circumstances may cause it to differ.
| Total Bike package price: | |
| Your monthly take home pay will be reduced by: | |
| Your total savings: | |
| Nominal charge for transfer of ownership: | £1.00 |
| Your total saving as a percentage: |