Bike Week 2017- Cycle to work Schemes


The cycle to work initiative is a tax- efficient, salary sacrificed employee benefit that provides a way of encouraging more adults to take up cycling. It allows employers to loan bikes and safety equipment to employees as a tax-free benefit. Around 180,000 people a year participate in cycle to work schemes.

Cycle to work schemes offer employers and employees a whole range of benefits;

Benefits to employees;

  • Regular exercise resulting in a fitter, healthier more productive workforce.

  • Improved attendance- cycling not only improves physical health, but has a positive effect on emotional health, wellbeing and self-confidence resulting in better tolerance to stress.

  • Environmental benefits- helps minimise your carbon footprint. Great news for your company’s social responsibility.

  • Reduces congestion and parking.

Benefits to your company;

  • A cycle to wok scheme will reduce your company’s national insurance contributions.

  • Enhancing your employee benefit package

  • Reduces organisational carbon footprint

  • Eases parking and congestion issues.

  • Employee retention

  • Improved attendance

  • Appeal to potential recruits

The scheme is economically and socially beneficial and best of all a cost effective strategy to ensure your business stands out.

If you want to learn more about this fantastic scheme, why not give us a call here at Excellect.

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