With a bike to work scheme, employers can provide new bikes to staff via affordable monthly payments.
With a cycle to work scheme, employers can provide new bikes to staff via affordable monthly payments.
Not only will you recover the full cost of the bike, but you'll also generate an NIC saving of up to 15.05% per employee per year. We'll help you choose the right salary sacrifice bike scheme provider for your business.
The government cycle to work scheme makes it easy for your employees to get a bike 33.25% - 48.25% cheaper while spreading the cost, making it even more affordable. To find out more about the scheme download the brochure here.
Cycle2work scheme benefits
Employers may well ask: what’s in it for me? The main reason is to improve your staff’s health and well-being. With a cycle to work scheme, employees can reap the physical and mental benefits of regular exercise, as well as enjoy the great outdoors. The result? You get a happier, healthier, more productive employee who doesn’t need a parking space.
However, with the changes in National Insurance and the current cost of living crisis - offering a salary sacrifice bike scheme can offer great financial benefits to your employees too, helping them save considerable amounts. Not only on the cost of the bike and equipment but on travel costs, bus fares, parking, fuel etc.
Encouraging staff to commute via bike also helps cut your carbon emissions and deliver against your ESG goals.