Employers

What is Cycle2Work?

Cycle2Work is part of a government initiative that encourages more people to commute to and from work by bike, enabling people to make healthier choices and reducing the UK’s carbon footprint.

The initiative is a salary sacrifice scheme, which allows employees to make Tax and National Insurance savings of between 32% and 47% on the cost of a new bike and accessories.

The employer also makes savings of 13.8% through National Insurance contributions! Here is an example of the savings an business can make:

Total number of employees	4000
Estimated uptake (3.2% average)	120
Average order value	£600
Total scheme value	£72,000
Employer NIC savings	£9,936

What are the benefits of Cycle2Work?

BENEFITS TO YOUR BUSINESS		BENEFITS TO YOUR EMPLOYEES
	Improved attendance and productivity		Bettering the mental health of the workforce, reducing stress and improving mood and sleep quality
	Promoting an environmentally friendly workplace		Keeping your employees’ fit, raising immune systems and preventing illnesses like heart disease and cancer
	Engaging and retaining current employees while attracting new ones		Decreasing unnecessary spending on fuel, parking, public transport and gym memberships
	Adding to company strategy for employee benefits		Relieving parking and congestion issues for staff & the wider community
	Zero cost, low admin and 13.8% national insurance savings		Saving hours waiting for public transport and maximising time by enabling employees to work out on their commute