Cycle to Work scheme calculator: How much can your employees save on a new bike?
Would you like to take your employee benefits up a gear and help your employees financially during these tough times? Employees who cycle to work with a salary sacrifice scheme such as Cyclescheme:
- ● Can save between £750 and £1,400 each year
- ● Are happier and more productive in the workplace
- ● Can increase their life expectancy by two years.
And it’s not just an employee benefit; employers also save on National Insurance Contributions (NICs) for every employee that signs up to your scheme.
Discover the savings with our Cycle to Work scheme calculator
Cyclescheme, the UK's leading Cycle to Work provider, lets employees exchange part of their salary for savings on a new bike or cycling equipment such as bike locks, cycle helmets, bulb horns, bike lube, cycle clips, cycle clothing, puncture repair kits, water bottles, cycle safety accessories, and more.
Click on our easy-to-use cycle to work scheme calculator below to see the incredible savings both employees and employers can enjoy by signing up.
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The benefits of cycling to work
Over two-thirds of workers in the UK have started or are considering cycling to work to navigate the cost-of-living crisis. Introducing a cycle to work salary sacrifice scheme could make it financially easier for all of your employees to take to the saddle.
Fuel and travel cost savings
Cycling to work combats rising fuel prices and commuting costs. Our research found that those who cycle to work save almost £750 each year. This figure rises to £1,400 for workers in Greater London.
Cycling is a great way for employees to boost their physical and mental wellbeing. Just 60 minutes of cycling a week halves the risk of heart disease. What’s more, fewer sick days are taken by employees that cycle to work, saving businesses money.
Employees who cycle as their daily commute, instead of driving or using public transport, typically have a reduced carbon footprint. That's because the emission from a car is 13 times more than a bike's.
Ready to set the wheels in motion?
Our research found that 54% of price conscious employees are considering changing their mode of transport to work.
With that in mind, offering Cyclescheme as part of your employee benefits package is a great way to provide access to bikes at a reduced cost and help support your employees financially as the cost-of-living rises,