Cycle to Work Scheme

With longer days and warmer weather, now might be a good time to consider offering a Cycle to Work scheme to your employees!

A scheme gives employees the option of purchasing a bike via a salary sacrifice.

There are many reasons to consider implementing a scheme, including:

• tax and NI savings (for employer and employee)

• improved health and wellbeing

• increased productivity

• environmental benefits

• less congestion

HMRC have a useful document with further details, here:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/845725/cycle-to-work-guidance.pdf

If you would like to introduce a scheme, our payroll team can help to process the salary sacrifice for your employees. Please don’t hesitate to get in touch for more information.