52 Improvements, 52 weeks: Week 23 – Cycle to work scheme

Cycle to work scheme is an employee benefit that saves you 25-39% on a bike and accessories.  You pay nothing upfront and the payments are taken tax efficiently from your salary by our payroll team.

 

We initially offered £300 towards the scheme for colleagues to purchase a bike, but we are delighted to announce this has now been increased to £1000!

The advantages of cycling to work are that it is cheap, often faster than driving, and very very healthy – if you can handle British weather – and you know there is no such thing as bad weather, just the wrong clothes.

You pick a bike or bikes (can be children’s bikes or even a bike for your partner!); or a bike and accessories (helmet, waterproof jacket, children’s seat on your bike, bike trailer, lock, chain, water bottle, cycle shorts etc.) or just the accessories, get a quote, you complete a loan form, accounts will pay for it over the phone, and you collect your stuff, and pay it back over 1-4 years, saving all the tax you would have paid on your income before taking the value of the bike and stuff off.

For example, if your salary is around £15,000 and the bike package you have chosen is £500, you could save £125.  This is a no interest loan, paid before tax so anyone who pays tax and/or national insurance saves the tax on the cost.

Go on, give it a try.  If you want to borrow an electric bike to try it, please call the office and we will see if we can get one to you, we have 4 out on loan.

Posted in: 52 improvements, General