Riding to work is one of the most time-efficient ways to combine regular exercise with your everyday routine. An estimated one billion people ride bicycles every day – for transport, recreation and sport. It only takes two to four hours a week to achieve a general improvement to your health;
Commuting to work on your bike has a host of different benefits. Not only does biking lead to health benefits, but the combination of more cyclists on the roads and fewer pollution emitting cars could give the entire planet a much-needed pollution eradicating boost.
What’s more as well as helping to save the plant you can save yourself money! Cycle to work scheme was introduced by the government as a tax exemption initiative to promote healthier journeys to work and to reduce environmental pollution. It allows employers to loan cycles and cyclists’ safety equipment to employees as a tax-free benefit. In short you save money!
Usually schemes are restricted to a limit of £1,000 but our standard level lets you choose a bike up to £2,000 with a 12-month salary sacrifice scheme and no admin fee. You can choose a bike online or from over 1,200 Halfords, Tredz and independent stores including accessories and safety equipment.
Plus…
For those who want more CHOICES have teamed up with Green Commute Initiative Ltd (GCI) to of offer a premium level of cover allowing you to get a bike up to the value of £3,000 over 12 months also with no admin fee.
What’s more our Premium Scheme gives you a lot more choice, simply click on ‘Store Locator’ to browse through the Halfords and Green Commute store locators.
A lower rate taxpayer buying a bike worth £2,000 would save £665 (33.25%) and make 12 month salary sacrifices of only £111.25 after tax and NI.
Store Locator
For those who would find the cycle to work too difficult or would leave you arriving in a sweat, have you considered an electric bike? These bikes provide assistance to the pedalling which is especially helpful when pulling away, when climbing a hill or riding into a headwind.
You’re still going to get a solid workout on your e-bike, as the assistance is just that – assistance. Which means you are still burning calories, plus studies have found people will ride more because it’s easier.
These electric bikes are eligible for the Cycle to Work scheme and most start at around £1,500. With the both of our Cycle to Work schemes these bikes are now affordable with a tax and NI saving of up to 43.25% and payments spread over 12 months through salary sacrifice.