With a bike 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 13.8% per employee per year. We'll help you choose the right salary sacrifice scheme provider for your business.
This government initiative makes it easy for your employees to get a bike 30% - 42% cheaper while spreading the cost, making it even more affordable. To find out more about the scheme download the brochure here.
Benefits of Cycle to Work Schemes for employers
-
Encouraging staff to commute via bike also helps reduce carbon emissions and deliver against your ESG goals.
-
Improve your staff’s health and wellbeing
-
Cost neutral
Benefits of Cycle to Work Schemes for employees
-
Up to 42% NI savings depending on tax rate
-
Spread the cost through salary sacrifice
-
Get active and stay fit