I suspect I've been overpaying for my cycle scheme through my employees payroll, but it's not easy to tell because I don't fully understand how its calculated what with National Insurance offset and so on.
So, I was wondering if anyone could point me in the direction of how I might check my payslip calculations have been done correctly?
Does anyone know how to calculate PAYE with cycle scheme and all that mumbo jumbo?
Hi,
I had all the same queries when I started it, but now fully understand how it should work, I even run the scheme at my current work place. Let me know how much the bike was and how much you are paying a month and I will work it out for you.
Hello mate,
I have an excel calculator that will show you exactly what it'll be costing you. Happy to email you it if you like- my email is in my profile.
Jim
