Andy from Pentlands is one of many employees across the UK who have joined the Government’s Cycle to Work initiative which enables businesses to help their employees get the benefits of cycling to work without suffering any tax and national insurance consequences if the Employer provides the bike as a benefit.
Why run a Cycle to Work scheme
• The fastest growing and most sought after employee benefit in the UK
• Free scheme implementation for employers – there are no catches or hidden costs for you or your employees.
• Easy to implement and manage – offers a highly valued benefit to employees
Benefits to organisations
• Enhances an employee benefit package
• Savings on National Insurance Contributions
• Improves the health and wellbeing of employees
• Eases parking and congestion problems
• Reduces organisational carbon footprint
Benefits to employees
• No tax or National insurance contributions on the benefit provided.
• Regular exercise to keep fit and healthy
• Reduces commuting costs
• Helps beat congestion
• Helps minimise carbon footprint
http://www.gov.uk/government/publications/cycle-to-work-scheme-implementation-guidance
