This week's 1.25% rise in National Insurance Contributions will mean savings on the Cycle to Work Scheme will also rise by the same amount. The starting point for savings is now an impressive 33.25%.
Employers will also save more money as Employer's NICs will also go up, increasing from 13.8% to 15.05%.
We work with Green Commute Initiative and Cyclescheme for Cycle to Work vouchers. We have some more information on the Cycle to Work process at here.
If you have any questions or would like to begin the process of a new bike purchase via the cycle to work scheme, please reach out to our Head of Sales Dan - firstname.lastname@example.org.