- It can be hard to build a business case for implementing a new employee benefit. With Cyclescheme it’s easy, because everyone wins!
- Employees save up to 42% on a new bike and get to spread the cost too. We think of ourselves as a year-round sale with interest-free finance. Employers win big as well. Employers save up to 13.80% in National Insurance Contributions (NICs) for every employee who goes through the scheme. What does this mean in practice? On average, an employer will save £138 for every £1,000 they process via the scheme. Employers also fully recover the initial cost of the bike, and gain a healthier, happier and more productive workforce too.
- Use the cycle to work benefits calculator to estimate what your business or organisation could save with Cyclescheme. Enter your number of employees and discover how much money your company could save, how much employees could save, the number of calories your workforce could burn and the potential volume of CO2 that could be saved.
Your results
£34,406
a year
Your company's financial saving
When your employees get a bike through Cyclescheme, you don't have to pay Employers National Insurance.
£359
a year
Your employee's financial saving
When your employees get a bike through Cyclescheme, they do not pay Income Tax or Employees National Insurance on the total cost.
4,485
calories burned each week
Your employee's health benefit
When your employees cycle to work, they will receive health benefits as well as financial ones. This figure is based on the average employee cycling an additional 5 miles to work and back each week, rather than going by car.
4,504
kg CO2
Environmental benefits
When employees cycle to work, they typically reduce their Carbon footprint. This figure is based on the average employee cycling an additional 5 miles to work and back each week, rather than going by car.