Employee FAQs

Cycle to work savings are typically between 24%-44% on standard retail prices, depending on your tax band. However, because Gogeta Bike has the lowest commission for retailers, they never pass on surcharges to you when using our scheme and you’ll get access to other deals (like sale bikes).

This means the savings you make are usually even greater, sometimes over 50%. To see your personalised savings, based on your salary and your bike cost, please check out our savings calculator.

Employees pay a small platform fee when they use a Gogeta Bike voucher. This is 6% of the total voucher cost but because it is added to the total salary sacrifice amount (and therefore you save the tax on the platform fee) the actual cost is between 3.2%-4.3% (depending on your tax band).

Remember, with Gogeta Bike there are no retailer surcharges. Unlike with legacy cycle to work schemes, where retailers have no choice but to pass on surcharges to you due to the high commissions they are charged for accepting these cycle to work vouchers, with Gogeta bike shops will never charge you a surcharge for accepting our vouchers. So we can confidently say that Gogeta Bike is the most generous cycle to work scheme for you as an employee.

You can use Gogeta Bike at any participating retailer (check our retailer list here). If your preferred retailer isn’t signed up, get in touch and we’ll get them on board straight away.

We are the only cycle to work scheme endorsed by the Association of Cycle Traders, due to our low commissions and fair and transparent pricing, and we are always growing our retail base.

The bike is now yours for all intents and purposes. However, there is a quirk in the HMRC cycle to work guidance which states that if you were to take legal ownership of your bike and equipment immediately upon paying off the salary sacrifice amount, you would face a benefit in kind tax of 25% based on the value of the bike (see HMRC’s depreciation table which is in this article below).

Therefore, in order to ensure you don’t have to pay benefit in kind tax and can take advantage of the full cycle to work savings, Gogeta Bike (as well as every other cycle to work scheme), enter you into an extended hire agreement whereby you hire the bike for the remaining period and at the end of that the value is negligible.

To transfer ownership we have to charge a token amount, we make this as low as possible and charge £1. We know it sounds a bit complicated but in reality it isn’t. At the end of the initial salary sacrifice term, the bike is yours in every real sense. It’s also worth remembering - some other cycle to work schemes charge as much as 10% as a transfer of ownership fee. As we have explained, we have to charge something, but this will never be more than £1.

To comply with HMRC guidance for the workplace nursery scheme, as a participating parent you will in effect act as a representative of your employer, and must commit to attending two meetings with your nursery, one when you sign up and the other six months later. These meetings are arranged and hosted by us and there is no preparation

During these meetings we typically discuss nursery plans and how the additional funding contributions can best be spent. In our experience, parents really enjoy these meetings and the chance to get to know their child’s nursery better.

In most circumstances, a parent with one or more children at nursery saves more by using Gogeta Nursery. Tax free childcare saves parents 20% - but the saving is capped at £500 every three months (£2000 a year).

Gogeta Nursery saves you between 19-40% (depending on your tax band) but there are no limitations on how much you can save. So the savings you can make are potentially much larger. You can see your precise savings if you start the application process via the link your HR team should have shared.

Additionally, unlike with Tax Free Childcare, with Gogeta Nursery your child’s nursery gets additional funding (on top of your fees) which is paid by your employer as part of HMRC compliance. This does not cost you anything and you can decide with your nursery what they spend it on (toys, equipment, music lessons etc). So Gogeta Nursery offers better savings and benefits both you and your nursery. We're pretty passionate about it!

That’s fine, we know your childcare needs might change month by month. When you make your initial application, you’ll choose the salary sacrifice amount based on your next month’s nursery fees.

But you can adjust your salary sacrifice amount every month if required, with just 24 hours notice if required, as long as it is in line with your nursery’s deadline for changes to be made.

Your salary sacrifice cannot start until you have nursery fees to pay, so unless your child is already at nursery we recommend waiting until your return to work to apply. However, let your employer and us know that you wish to join on your return to work, and we can ensure that your chosen nursery is signed up and ready to go as soon as you are.

If you are on maternity leave with a baby and have an older child at nursery then you can apply for Gogeta Nursery. However, you cannot salary sacrifice if the amount would take you below National Minimum Wage, so if that would be the case, it won’t be possible to join the scheme until you return to work.

If you need to pause your salary sacrifice agreement whilst on maternity or paternity leave you can but you’ll need to check with your employer whether they have any conditions around this. /p>

You can carry on your salary sacrifice whilst on maternity or paternity leave, as long as it does not take you below the National Minimum Wage.