Will joining Cycle2Work affect employees' pensions or other benefits?
In some cases yes, any effect is likely to be small. However, your employees need to be made aware of the implications of paying less tax and NI contributions and accepting a reduced salary. They should get professional advice if they have any concerns or need more information.
For further assistance please click hereRelated articles that may be of interest
- What is the salary sacrifice for Cycle2Work?
- How does the Cycle2Work scheme work for employees on long-term sickness or maternity leave?
- What happens if an employee leaves or is made redundant during the Cycle2Work scheme?
- Who do I need to involve from my organisation to launch a Cycle2Work scheme?
- Can an employee enter into more than one hire agreement at the same time with Cycle2Work?