A Brief Overview of Gogeta’s Offerings

Gogeta offers two innovative and flexible employee benefit schemes: the Cycle to Work Scheme and the Workplace Nursery Scheme. These programs are designed to support employee well-being, enhance work-life balance, and deliver financial savings through tax-efficient arrangements.

The Cycle to Work Scheme allows employees to lease a bicycle and cycling equipment through salary sacrifice, making it an affordable and sustainable commuting option. This scheme enables employees to save on tax and National Insurance contributions, while spreading the cost of the bike over 12 months. 

The Workplace Nursery Scheme provides a similar tax-efficient solution for childcare. Employees can cover their nursery fees through salary sacrifice, significantly reducing their tax liabilities. This scheme can be used for on-site nurseries (if provided by the employer) or with any registered nursery, offering flexibility to suit the needs of working parents.

The Main Benefits for Employees

Both schemes provide significant financial and personal benefits for employees.

With the Cycle to Work Scheme, employees can save up to 42% on the cost of a bicycle and related accessories by paying from their gross salary, before tax and National Insurance contributions. This makes it easier for employees to afford high-quality bikes, including e-bikes, which may otherwise be out of reach. Cycling to work promotes physical fitness, reduces stress, and contributes to better mental well-being. Additionally, cycling is an eco-friendly mode of transport, allowing employees to reduce their carbon footprint and contribute to sustainability.

The Workplace Nursery Scheme offers employees considerable savings on childcare costs. With nursery fees being a significant expense for working parents, this scheme allows employees to pay for childcare before tax and National Insurance deductions, resulting in savings of up to 47%. This is particularly beneficial for families with young children, making high-quality child care more accessible and affordable. The flexibility to choose any registered nursery or an on-site facility (if available) provides further convenience and peace of mind. Parents can choose a nursery that best fits their schedule and location, improving their work-life balance.

Both schemes enhance the overall well-being of employees. The Cycle to Work Scheme integrates physical activity into daily routines, while the Workplace Nursery Scheme alleviates the financial and logistical stress associated with childcare, allowing employees to focus on their work and maintain a healthy balance between work and family responsibilities.

The Main Benefits for Employers

For employers, offering these schemes strengthens their employee benefits package, helping to attract and retain talent. The Cycle to Work Scheme promotes a healthier workforce, which can reduce absenteeism and increase productivity. Healthier employees are less likely to suffer from stress and sickness, leading to improved performance and morale. Additionally, by encouraging cycling, employers can contribute to sustainability goals, reducing the company’s overall carbon footprint.

The Workplace Nursery Scheme helps employers support working parents, demonstrating a commitment to family-friendly policies. This can lead to improved staff retention, especially for employees with young children. By easing the financial burden of childcare, employers can enhance employee satisfaction, reduce turnover, and improve overall productivity. Furthermore, both salary sacrifice schemes reduce the employer’s National Insurance Contributions, resulting in financial savings for the company.

Any Special Features to Highlight

• The  standout features of Gogeta’s schemes are their flexibility and focus on compliance. Gogeta is the only cycle to work provider that has a Flexi-Voucher. All other cycle to work schemes issue a voucher which the employee must spend in full in one transaction, on one day in one shop. Gogeta Flexi-Vouchers work exactly like a tax-free gift card. Employees can buy a bike in the summer and then lights or accessories in the winter, all tax-free, all from the same voucher. With no extra admin for HR teams.
• The Gogeta Workplace Nursery Scheme was designed to make compliance rigorous but not onerous on employers. The scheme is simple to set up and run, and Gogeta’s investment in their employer platform ensures employers have peace of mind on compliance at all times.
• Both schemes are fully managed by Gogeta, reducing the administrative burden on employers. This includes managing salary sacrifice arrangements, handling compliance with HMRC regulations, and providing ongoing support to ensure the smooth operation of both programs.

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In summary, Gogeta’s Cycle to Work and Workplace Nursery Schemes provide valuable financial and well-being benefits for employees, while helping employers create a healthier, more engaged, and family-friendly workforce.