Employees can save money and spread the cost of paying for a brand new bike and accessories.
The cycle to work scheme is part of a government initiative to boost green transport, especially to and from work. But anyone can use the bike and accessories, including other family members. Even if your employee already has a bike, they can still use the scheme if they’re eligible.
Give employees money off a new bike and they’ll pay monthly via salary exchange, saving on income tax and National Insurance. You’ll save on employers’ National Insurance too.