Cycle to Work
Why cycle to work with Forest
Cycle to Work with Forest is paid for via a Salary Sacrifice Agreement, signed by both the employee and employer. This entitles the employee to receive the tax-saving benefits of Cycle to Work with Forest - between 28-47% depending on your tax bracket!
Employers save too, with up to 15% off National Insurance contributions per subscription.
Employer Costs
Employee Net Cost via Salary Sacrifice
Tax Band | Annual Plan | Monthly Plan |
Basic Rate (£13,230–£52,300) | £50 per month | £65 per month |
Higher Rate (£52,300–£124,800) | £41 per month | £52 per month |
Additional Rate (£124,800+) | £37 per month | £48 per month |
Annual subscription details
For the employer: You will receive 1 x invoice of £840, which covers the 12-month fixed term. As per the Salary Sacrifice Agreement, the employee will pay this back in monthly instalments.
For the employee: The gross (pre-tax-savings) cost for all employees is £70 per month. However, please remember that the net (post-tax-savings) and final cost for everyone is dependent on your tax bracket.
Monthly subscription details
For the employer: You will receive an invoice for £90 each month the employee’s Cycle to Work with Forest subscription is active. As per the Salary Sacrifice Agreement, the employee will pay this back each month.
For the employee: The gross (pre-tax-savings) cost for all employees is £90 per month. However, please remember that the net (post-tax-savings) and final cost for everyone is dependent on your tax bracket.
Why is your monthly subscription more expensive than the annual subscription?
Users opting for our monthly subscription receive a premium for having the flexibility to cancel their subscription at any time.*