Cycling is one of the UK’s most popular recreational activities, and the Cycle to Work Scheme encourages employees to purchase brand new bikes and accessories whilst making tax and National Insurance savings.
Why choose the Cycle to Work Scheme?
Plus – Cycle to Work Schemes can help support Employer’s wellbeing policies, assist with any parking issues and help reduce carbon footprint, so there is every reason to include the Cycle to Work Scheme within your overall Employee Benefits Package.
Once your business has signed-up, every time an Employee joins the scheme, you reduce your own National Insurance Contributions (NIC).
Thanks to simple processes, a fast online system and full helpdesk support, administering your scheme is hassle-free. And with no set-up fees, it’s a win-win for you and your employees.
Offering a Cycle to Work Scheme to your Employees is a great way to show that your organisation wants to reduce its impact on the environment. With more Employees cycling to work, you can reduce the demand on car parking spaces as well as the local transport demands.
Over 70% of employers said the Cycle to Work Scheme had a positive impact on their organisation in terms of improving employee health*, so a happy workforce is a positive workforce.
* Cycle to Work Alliance Survey, December 2015