Riding Your Bike To Work -Have You Considered The Cycle To Work Schem Riding Your Bike To Work -Have You Considered The

Riding Your Bike To Work -Have You Considered The Cycle To Work

Scheme ?

Employee schemes are exceptionally beneficial ; they benefit the employee and the employer . One option is the riding your bike to work schemes .

So , what ’ s the bike to work scheme ? This is a salary sacrifice scheme whereby the employee will get up to £ 1,000 worth of bike and safety equipment through the business . The employee then pays to effectively ‘ hire ’ the bike each month , as a salary sacrifice charge . There are numerous benefits for the employee . Not only will they save money ... sometimes as much as 42 % but also it means they get a nice new bike without having to make an upfront payment or paying for it on their credit card . In fact , they can have a new bike every year if they wish . For the employer , there are many benefits , including low implementation , boosting employee retention , branding , reduced parking and congestion , improve attendance , fitter and healthier staff – leading to improved productivity , and they can save money as well . Sounds good , right ?

If you ’ re interested in this scheme , it ’ s advisable to get in touch with employee benefits specialists . They will be able to ensure that your business gets the most out of the riding your bike to work scheme .