Employer FAQs

Gogeta Bike is a cycle to work scheme. Cycle to work was introduced by the UK Government to get more people cycling. It lets employees pay for bikes and cycling accessories out of their gross salary, before tax and national insurance contributions, saving them money.

And because they pay for the cost of their bike by salary sacrificing the cost out of their monthly salary, it also lets them spread the cost over a year.

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.

Gogeta Bike charges employees a platform fee to run and manage the scheme. The gross fee is 6% on the total voucher amount. However as this fee is added to the salary sacrifice amount, employees save the tax on the fee as well, so the net effective fee cost is 3.2% -4.3% (depending on their tax band). Some employers allow employees to transfer this fee to them, as it is covered by the national insurance savings they make. You can decide this when you apply.

Remember - because Gogeta Bike has the lowest commission (and is the only cycle to work scheme endorsed by the Association of Cycle Traders) bike retailers pass on the best deals and savings to your employees, and never charge a surcharge for accepting Gogeta Bike vouchers. So we can confidently say that Gogeta Bike is the most generous cycle to work scheme for employees.

The Gogeta Bike voucher limit is completely up to you. We have a default limit of £5000, which enables employees to purchase e-bikes if they wish (an important choice for people with longer commutes).

You can adjust this limit up or down in your employer portal after you sign up. Employees cannot salary sacrifice an amount that takes them below the National Minimum Wage.

The bike is now your employee’s, for all intents and purposes. However, there is a quirk in the HMRC cycle to work guidance which states that if they were to take legal ownership of their bike and equipment immediately upon paying off the salary sacrifice amount, they 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 employees 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), enters them into an extended hire agreement whereby they 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 your employee’s bike 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.

Unlike other cycle to work schemes, Gogeta Bike’s voucher is completely flexible, so employees can spend the balance over different transactions with different retailers.

Employees can check the balance of their Gogeta Bike flexi-voucher in their portal (they’ll be sent a link to this when their application is approved).

Gogeta is a salary sacrifice benefits provider. Our mission is to help people’s salaries go further by paying for things like nursery fees or a new bike out of their gross salary.

Our salary sacrifice benefits are simple to use and are completely cost neutral to you as an employer, allowing you to make a tangible difference to people’s take home pay without increasing salaries.

Gogeta Nursery is a workplace nursery scheme that lets employees pay for nursery bills out of their gross salary, before tax and national insurance contributions. This allows them to save between 19% and 40% (exact savings depend on their tax code).

Unlike the Government’s Tax Free Childcare scheme, which caps savings at £2000 per year, with Gogeta Nursery there is no upper limit on savings.

The Government’s Tax Free Childcare scheme saves parents 20% - but the saving is capped at £500 every three months (£2000 a year). Gogeta Nursery saves parents between 19-40% but there are no limitations on how much people can save. So, in most circumstances a parent saves much more with Gogeta Nursery over a year.

If an employee wanted to use Gogeta Nursery to pay for one child’s nursery fees and use Tax Free Childcare for an older child's after-school club (for example) that is completely fine.