So, your employee earns £ gross income per year. And you want to buy a £ bike.
Usually, you’d buy that with your net income, or take home pay, after you’ve paid tax and national insurance.
With Gogeta, you make that same £ purchase before you’ve paid income tax and NI, with your gross salary. This simple change means their purchase actually only costs them £ and so you save £ on your bike.
You also get to pay the cost of your bike back over 12 months interest-free via salary sacrifice. Pretty good, right?
To run the cycle to work scheme, Gogeta charges a fee, which is added to the amount the employee salary sacrifices. When they apply for their Gogeta Bike voucher, they’ll get a full breakdown of the savings, the fee and the amount they’ll salary sacrifice every month. All the savings shown in our calculators are inclusive of our fee, so the savings shown are the real savings your employees will experience.