What is a cycle to work scheme?
This scheme works through salary sacrifice and allows your employees to buy bicycles and cycling equipment for up to 50%* less than the retail value.
The advantage of this scheme for you as the employer is that you encourage a culture of health and fitness in your organisation and improve morale.
Why offer a cycle to work scheme?
Financial savings for you and your employees
As part of the Green Transport Plan, bikes hired or purchased through the cycle to work scheme are free from income tax, NI contributions and, in most cases, VAT.
The scheme allows you to offer great savings on the latest bikes and cycling equipment to employees whilst enjoying savings on your own NI contributions. And, what’s more, there is no cost to set up the scheme.
Fully managed cycle scheme
Set up of the scheme admin support is provided free of charge. Expert advice is given via a dedicated team and online product information. Free and customised marketing material is also provided and employee road shows can be run to entice your employees.
Using your cycle to work scheme to improve business performance
A cycle to work scheme can:
o Improve staff health, fitness and morale
o Reduce parking and congestion problems
o Improve your company's environmental image
o Create a positive and healthy work environment
o Attract new employees with an advanced employee benefit package
The widest choice of brands in the UK
A huge variety of bikes are available through the scheme including mountain, hybrid, electric-assist, folding and road bikes to name a few. You can also offer all the accessories and cycling equipment to ensure employees are safe when riding to work.
Start your cycle to work scheme today >
*Actual savings are dependent upon the financial circumstances of the employee and the employer.