An introduction to Cycle to Work
The Government’s Cycle to Work initiative enables you to help your employees make savings of up to 42% on a brand new bike and safety accessories for cycling to work.*
Why run a Cycle to Work scheme
- The fastest growing and most sought after employee benefit in the UK
- Free scheme implementation for employers - there are no catches or hidden costs for you or your employees.
- Easy to implement and manage - offers a highly valued benefit to employees
Benefits to organisations
- Enhances an employee benefit package
- Savings on National Insurance Contributions
- Improves the health and wellbeing of employees
- Eases parking and congestion problems
- Reduces organisational carbon footprint
Benefits to employees
- Savings of up to 42% on a new bike and accessories*
- Regular exercise to keep fit and healthy
- Reduces commuting costs
- Helps beat congestion
- Helps minimise carbon footprint
*Savings as a result of Tax and National Insurance benefits when an employee obtains a bike and safety accessories through the cycle2work scheme. Savings dependent upon circumstances of the employer and those of the employee. 42% saving can be made when any LoC is selected assuming the employer funds the scheme. Assumes 40% Tax Rate and 2% NIC Rate.
