Cycle to Work
An introduction to Cycle to Work
The cycle to work initiative is a tax-efficient, and on the whole, salary-sacrificed employee benefit that provides a way of encouraging more adults to take up cycling. |  |
The savings that individuals make through the cycle to work scheme improves the affordability of, and access to, cycling. Employees who participate in schemes run by Alliance members save up to 40% of the total cost of a new bike.
To date over 550,000 people have taken advantage of the scheme, which involves over 2,220 bike retailers and 32,000 employers.
The Cycle to Work Alliance aims to highlight the benefits to both health and the environment that the cycle to work scheme provides.
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
For more information about cycle to work schemes please visit:
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