The benefit versus cash in the tool indicates how much more net income you retain from your 13th month by making a specific choice in your cafeteria plan. For a bike lease, this benefit arises from the fact that no social contributions or taxes need to be paid on it.

Example👇

Within the cafeteria plan, you exchange your thirteenth month for an (electric) bike with a catalog price of €1,000. The net benefit of this exchange compared to the payout of the year-end bonus in cash amounts to more than €700!

If your employer were to pay out these €1,000 as cash, the employer would first have to pay an employer's social security contribution of about 28%. Therefore, your gross salary (what remains after deducting the employer's contribution) would be €720. On this €720, you must also pay an employee social security solidarity contribution of 13.07%. This results in a ‘taxable salary’ of €626. Taxes must then be paid on this amount (your employer will withhold payroll tax on your gross salary). This payroll tax for a thirteenth month is on the higher side (53.5%). This means that about €300 remains from the initial sum of €1,000.

You will be able to allocate the full budget of €1,000 to your (electric) bike, making the choice for a bike a tax-neutral operation (spending €1,000 is getting €1,000).

Since no social contributions or taxes are due in the context of a bike lease, your budget impact - in the aforementioned benefit - is €1,000.

This amount will be deducted from your year-end bonus to calculate your net year-end bonus.

Example👇

For the calendar year 2022, you are entitled to a year-end bonus of €1,500. At the end of the calendar year, a gross amount of €500 remains (€1,500 - €1,000). After deductions for social contributions and taxes, approximately a net amount of €200 will remain.