Cycle to work scheme

Offering employees the Cycle to Work Scheme enables them to get a quality, reliable bike at a significantly reduced cost.

Benefits to your business and employees

  • No cost to the business to implement
  • Positive public perception
  • We undertake all the administration


How will this benefit my business?

  • 13.8 % saving on the salary sacrificed on cycles, on average around £83 per cycle up to a maximum of £138 per cycle
  • Healthier fitter employees supporting wider employee wellbeing.
  • Cycling is eco-friendly and keeps the organisation’s carbon footprint low.
  • By fulfilling your corporate social responsibility your organisation will benefit from a positive public perception

How will this benefit my employees?

  • Encourage a healthier fitter lifestyle.
  • They save Tax and NI on your repayments, being up to 32%, 42% or 47%**
  • Huge range of cycles and retailers to choose from.
  • Can include safety equipment in with the cost.
  • Incredibly tangible employee benefit.
  • No credit checks

How much does it cost my business?

  • No cost to the business to implement.
  • The cost of the cycle*** quickly recouped through Salary Sacrifice and savings in Class 1 NI
  • Call now for a free consultation even if you have a scheme in place

How does the salary sacrifice Cycle to Work scheme work?

  • Employees are able to obtain cycles and safety equipment from the employer, saving any TAX and NI that would be incurred on the salary sacrifice amount
  • Employees can access online, specialist local AND national cycle retailers such as Evans or Halfords
  • The employer purchases the cycle and safety equipment and hires the cycle to the employee over a specified period*, employees may be given an option to retain the cycle at the end of the hire period
  • Enjoy Benefits Ltd undertakes all the administration
* Should the employee leave before the end of the agreement the balance needs to be settled from net pay ** This is dependant on Tax and NI levels paid and may be subject to a Fair Market Value payment of between 0% and 25% which is determined by the choices you make on how to run the scheme *** Consumer Credit Licence is required for total value of equipment per employee to exceed £1000

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