First things first, if you’re already a Cyclescheme customer, you’ve done almost everything you need in order to take advantage of the other great services on offer through MySchemes.
There is a common misconception that a comprehensive benefits platform is only within the reach of the ‘blue chip’ giants of the world. MySchemes changes that.
MySchemes is an online employee benefits platform that enables employers of all shapes and sizes to offer a range of salary sacrifice schemes to their employees. Built on the innovative technology behind Cyclescheme, MySchemes is available free to all companies, regardless of size. That means any organisation from a one-man band, right through to a company that employs tens of thousands can offer the same great benefits to their colleagues.
What's on offer?
You can get access to bouth of our great employee benefit services through MySchemes - Cyclescheme and Techscheme. Each are accessible, for free, through a MySchemes account. Each offer savings for both you and your employees. Here are the headlines:
Employees save at least 25% on a bike for work and can spread the cost over 12 months.
Employees can choose from almost any make and model of bike and accessories from over 2,000 stores nationwide.
Employers save 13.8% (for standard rate tax payers) on their class 1 NICs, per employee.
Employers get a fitter, healthier and often happier workforce!
Employees can save, on average, 12% on the latest technology.
Employees can buy anything from laptops, desktops, TVs, headphones, speakers and much more - either for themselves or for friends and family.
Employers get more tech-savvy, happier employees.
How does it work?
Once you’re set up as an employer (see below) the process of running benefits through MySchemes is very easy.
All MySchemes services operate using a simple salary sacrifice mechanic, so you’ll need to make sure to set everything up with your payroll team first - this works in much the same way as a pension deduction, so will be straightforward for most payroll professionals. From then on it’s just a case of communicating the benefits to your colleagues using the free tools available in your MySchemes account and then reaping the rewards!
How do I sign up?
Once your account is activated (which takes no more than 24 hours), you can add additional services at the click of a button. The result? A bespoke benefits package that is suited exactly to your needs.
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