Save £££ by Cycling to Work
Want to save money and the environment at the same time? Why not quit forking out for petrol, ditch the car and get ‘On Your Bike’ with our superb cycle to work scheme.
We have teamed up with On Your Bike to offer huge savings on the cost of a new bike for anyone who cycles to work. These savings have been made possible by the Government's "Green Transport Plan" which aims to get more people out of cars and on to bikes by offering generous tax benefits on cycles and cycle safety equipment.
This is a great scheme for both employers and employees alike. To find out more please telephone or simply pop instore for a chat.
Cycle to Work – A great way to save!
Government legislation is allowing us, in partnership with On Your Bike, to offer workplaces substantial savings on the cost of bikes and cycling gear for staff who cycle to work. It enables employers to make bikes and cycling equipment available to their staff at greatly reduced prices. They can save up to 50% off the normal retail price. Cycle to Work is a scheme made possible by the Government's Green Transport Plan.
Cycle to Work – The Green Transport Plan
Cycle to work takes advantage of a generous tax allowance made available in the Government’s Green Transport Plan. This plan has been set up specifically to promote the use of bikes as an alternative mode of transport. Substantial investment is being made to develop and improve local cycle routes in order to make cycling safer and more enjoyable. The aim of Cycle to Work is to get more people cycling to work on a regular basis. This will ease traffic congestion, reduce pollution to the environment and also encourage a healthier lifestyle.
Cycle to Work – How does it operate?
Cycle to Work allows employers to loan bikes and cycle equipment to their staff as part of their employee benefits package. It makes it possible for employees to benefit from a generous tax allowance if they opt for the bike instead of the car. To take advantage of the Cycle to Work employees agree to a small ‘salary sacrifice’ over an agreed period usually 12 or 18 months which is made from their gross salary and crucially not their take home pay.
Have a question? Contact us about these schemes.