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Cycle towork

Cycle towork

Support financial and physical wellbeing

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.

Offering a cycle to work scheme is completely free for employers and can be set up online in a few quick and easy steps.

What are the benefits of a Cycle to Work scheme?

Employees can use a cycle to work calculator to see how much they'll save through a combination of a new bike via your cycle to work scheme, and working out how much they currently spend on bus fare, petrol, parking, car maintenance etc.

How does a Cycle to Work scheme work for employers?

Bike to work schemes are free of charge to set up and cost nothing to run. The employer makes the initial purchase and then leases the bike/equipment to the employee via salary sacrifice, until the full amount is recovered.

How popular is Cycle to Work?

Cycling is increasing in popularity as people seek to reduce their impact on the environment and improve their fitness at the same time. Cycle to Work makes it easy and affordable to make cycling part of daily life.

Offering a cycle to work scheme as part of your employee benefits can help more people make a permanent change - because they can afford a better bike that’s more suited to commuting.

Charles Ashwell, New Business Development Director, Personal Group

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