Discover an employee benefit that can save you up to 39% on a bike and accessories with Cyclescheme. You don't have to pay anything upfront, and the payments are taken from your salary by your employer in a tax-efficient way.
Here's how it works: You select a bike, hire it for a specific period, and then reduce its value to a small amount. It's like having a year-round sale with interest-free credit.
To find out how much you can save with the cycle to work scheme, use the online calculator that provides an estimate of your savings.
This calculator includes the ownership fee, and there are no additional fees to pay.
In addition to the savings you will make on the cycle to work scheme, it is estimated that you could save up to £100 a year on fuel by swapping your car for a bike if you have a three-mile daily commute.
To ensure the accuracy of your savings, search for your employer.
As an employer, your company understands the advantages of providing a competitive benefits package to its employees and potential hires. However, many benefits come with a financial burden for the company, making it difficult to implement. Fortunately, Bike2Work is a cost-free option that not only saves you thousands in national insurance contributions but also boosts workplace productivity.
The Green Commute Initiative is a Social Enterprise with a mission to promote cycling as an alternative means of transportation for commuters. Their goal is to improve the health and well-being of individuals while also reducing pollution and congestion caused by motor vehicles.
As a self-supporting organisation, they generate the necessary funds to carry out their initiatives. Their profits are reinvested to encourage more commuters to use bicycles as their mode of transportation.