Get your employees on their bikes
Cycle to work scheme: Save on the cost of the commute, promote a healthy lifestyle, and reduce your company’s carbon footprint all with one superhero scheme.
Save while you cycle
We have one of the biggest bike networks in the market, so your employees can get the bike of their dreams from a trusted chain or their friendly local independent cycle shop, all while saving up to a third of the cost, based on a basic rate taxpayer. Whether it’s a mountain bike, BMX, fixie, electric cycle, or one of those bikes with a basket on the front, your employees will get the wheels they want, at an affordable cost spread over 12 to 18 months. And you’ll save up to 13.8% on National Insurance thanks to the salary sacrifice arrangement. More like Le Tour de Savings, right?
Cycle to work schemes are a popular and widely used benefit across the UK. From talking to our clients, we’ve found that the only reservation that people have is around what happens at the end of the payment period. That’s why we provide full end-of-hire management, making sure your employees can keep their bikes (if they want!) for a fair price, and that everything runs as smoothly as a downhill ride on a freshly surfaced road.
Product Features
The Bikes
Well, of course there's bikes involved! Your employees can get a commuting bike and safety gear up to the value of £1,000 including VAT (or higher if your organisation has Consumer Credit Authorisation from the FCA) and spread the cost over 12 or 18 months. It doesn't just have to be used to commute, though – it's there to use as they like as long as it is actually used to get to work too. Tax and NI savings help them save at least 32% of that cost, and we help them with purchasing their bike outright at the end of the hire period.
The Bike Shops
You can choose whether you want your cycle to work scheme to be with Halfords, or with a network of over 2,000 independent local stores across the UK. The choice is yours – but whatever you pick, your employees will enjoy amazing choice that gets them the bikes that they want.
Administration
We manage every aspect, giving you an administration portal that keeps your workload to an absolute minimum. We have a dedicated customer care team, manage the end-of-hire arrangements, and provide you with downloadable reports. We'll also help you with developing a communication strategy to get people signing up. The legwork (or is it pedalwork?) is all on us.
Savings
On top of the great savings your employees will be making, you'll also see savings of up to 13.8% on your National Insurance Contributions for the people who use the scheme. Cycle-to-work is one of the few salary sacrifice benefits that still offers these NI savings.
Everything in one place
Our entire portfolio of employee benefit services are accessed through one online platform. Whether you want the full package, or just one specific service, it's all delivered through the same easy-to-use portal.
High Street Discounts
Cinema Discounts
Holiday Discounts
Prepaid Cards
Affordable Technology
Childcare Vouchers
Annual Leave Purchase
Commuting
Cars
Parking
Season Tickets
Gym Membership
Health Screening
Health Plans
Money Management
Financial Education
Employee Assistance
Cycle-to-Work
Employee Recognition
What a cycle to work scheme can do for you
We’ve talked about the substantial savings for both you and your employees. We’ve mentioned the health benefits of cycling into work, and how good it is for the environment. Encouraging your employees to get on their bikes can really brighten their commutes, as well as bolstering your green credentials – it’s an all-round winner.
But it goes deeper than that, too. Providing benefits like a cycle scheme is about giving your employees extra support that makes an impact on their lives every single day. It’s what keeps people sticking with you, and attracts potential new talent by making you stand out as an employer that cares. And it all contributes to a workplace culture that puts employee wellbeing first. Scroll down to find out more.
Employee Engagement
When we say engagement, we really mean happiness. Employees that are happy at work feel more loyal, do more, care more, do better, and stay with you for longer. It's that simple.
Attracting and Retaining Talent
People are changing jobs more than ever before, so if you want to attract new talent and keep it around, having an engaged and happy workforce is more important now than ever. It’s what makes you more than just the employer people settle for.
Growing a Positive Workplace Culture
There's no shortcut to a great workplace culture. One that makes a real difference to the employee experience every single day. It's not about table football and casual Fridays - it's more than that. We don't do gimmicks, we just take who you are and make it better.
Find out more about cycle to work scheme
Take a look at our success stories and the articles in our Engage Hub to see cycle-to-work in action, or to learn more about how and why it works.
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