Kaleida’s generous benefits package just got better. We are pleased to announce the addition of the Cycle To Work scheme to the portfolio of Employee Benefits at Kaleida.
We hope that the Cycle To Work Scheme encourages good health and exercise making for a happier, healthier team
Benefits now included in Kaleida’s Employee Benefits portfolio are:
8% Contributory Pension Scheme, Death In Service life insurance, Private Medical Insurance, Cycle To Work Scheme, Childcare Voucher Scheme, Free Parking, Quarterly Awards & KaleidaNights and Flexible Working.
What is the Cycle to Work scheme?
Within the Government’s Green Transport Plan, supported by the Department for Transport (DfT) and O?ce of Fair Trading (OFT), there is a tax exemption that allows employers to provide cycles and safety equipment to employees as a tax-free bene?t.
Technically speaking, employees actually hire the bicycles from us, and are given options at the end of the salary sacri?ce period.
How does it work?
We buy the bikes and safety accessories at full retail price. The balance is then recovered from a reduction in the employees’ gross wages (salary sacri?ce). Employers bene?t from worthwhile National Insurance Contribution savings too.
