Is Vivup free?

Is Vivup free?

The Site is made available free of charge. We do not guarantee that the Site, or any content on it, will always be available or be uninterrupted.

How does Vivup salary sacrifice work?

Salary sacrifice schemes are a good example. They provide employees with cost savings on a range of goods and services without the employer incurring any costs at all. Instead, monthly payments are deducted from the employee’s salary for goods that they obtain as part of the scheme.

How long do Vivup orders take?

Once the order is approved by your employer, it will be processed with suppliers. If approved before 2pm Mon-Fri, your item will be ordered the same day, after 2pm will be ordered the next working day. From then, your items should be with you in a few working days.

Is salary sacrifice the same as net pay?

When an employee opts for a salary sacrifice scheme rather than a Net Pay Scheme they sacrifice part of their gross income for a corresponding pension contribution paid by the employer. This means that if employees are contributing to a pension, they will stop the contributions and the employer will pay them instead.

Are all cycle to work schemes the same?

There are a few different scheme providers out there each with its own variations but the basic idea is the same. It’s a simple process: Your workplace registers with a scheme provider. You choose the bike you want.

What are the disadvantages of salary sacrifice?

The disadvantages of schemes that give the option of a salary sacrifice to make pension contributions include:

• If you sacrifice some of your salary to make payments into your pension, then you are also lowering your income.
• A lower income could mean reduced benefits from your employer.

Can I Self salary sacrifice?

You’re self employed, or your employer doesn’t offer salary sacrifice. Anyone can make contributions to their super directly and claim the deduction on their tax return. This is ideal if your employer doesn’t offer salary sacrifice or if you are fully (or mostly) self employed.

Do I own the bike at the end of cycle to work?

At the end of the ‘hire’ period, you are usually offered the option to buy the bike from your employer. Because it was set up to promote work journeys rather than cycling in general, your employer technically remains the owner of the bike once you finish the hire period.

Can salary sacrifice be refunded?

If you’ve made contributions using salary sacrifice, these can’t be refunded. This is because they’re classed as employer contributions rather than personal contributions.