Employee Benefits Suppliers | My Staff Shop

Cycle to Work Schemes

Promote your organisation’s green credentials and improve employee health with the government backed cycle to work scheme. 

What is the Cycle to Work Scheme?

Cycle to Work is part of the government’s green commute initiative, a salary sacrifice scheme in which the employer purchases a bicycle (electric or traditional) and cycling equipment on behalf of an employee to commute to work. The employee then pays the employer back over a period of time for the bike, typically this is 12 months, but this time frame is flexible. 

What Cycle to Work options are available to my employees?

The scheme was limited to £1000 but now there’s no upper amount to the Cycle to Work scheme. So, as long as your company is willing to purchase the bike and the user is capable of sacrificing that portion of the salary then there’s no limit to the options of bike available under the scheme for the employee. 

In addition to the allowances on cycle equipment, you can also claim 20p for every mile cycled for work (not to and from work). And should your bike need a repair you can now claim £50 back from HMRC!

Business Woman on Cycle to Work Bike

The benefits of the Cycle to Work scheme for your staff

In addition to the environmental / health enhancement that the scheme provides, there is also a financial saving.  The monthly repayment is paid as a salary deduction before tax is deducted.  This reduces the national insurance that you as the employer pay and also reduces PAYE & National Insurance that the employee has to pay (savings can vary depending on tax rates). 

The scheme is an excellent way for UK cyclists to save at least 32% off the cost of their bikes and associated kit. It has benefited nearly two million individuals since it was introduced by the government in 1999 to “promote healthier journeys to work and reduce environmental pollution”.

What other benefits are there to the Green Commute Initiative:

Improves the fitness of the employee

Reduces Carbon Footprint helping the UK hit its Paris agreement goals

Mental Health Benefits- there is a lot of evidence to suggest that cycling helps to de-stress at the end of the day

Reduces the amount of parking space required at the office

Saves Money, with no road tax or fuel to pay, the cost of purchase pays for itself with savings

No more traffic jams

My Staff Shop Cycle to Work

With all the benefits of Cycle to Work, there is a downside, in that setting up the scheme for your company can take some time. That’s where My Staff Shop is able to assist you. When your company joins our employee benefits platform there will be a Cycle to Work scheme ready for your organisation to use.

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