Cycle to Work Scheme

Healthier Staff, Greener Commutes & Tax Savings

What is the Cycle to Work Scheme?

The Cycle to Work Scheme is a government-backed initiative that enables employees to obtain a new bike and safety equipment through their employer, paying for it via salary sacrifice. By spreading the cost over 12–36 months and paying from their gross salary, employees save on Income Tax and National Insurance contributions. Employers can also save on their National Insurance bill, making it a cost-effective benefit for both sides. 

Why the Cycle to Work Scheme Matters for Your Business

Employee Savings 

  • Typically, 26–40% off the cost of a new bike and accessories. 
  • Payments are spread over manageable monthly instalments through salary sacrifice. 

Employer Savings 

  • Reduce employer National Insurance contributions by up to 15.0% on the value of each bike package. 
  • Supports ESG (Environmental, Social, and Governance) goals by promoting green transport. 

Attract and Retain Top Talent 

  • Demonstrates a commitment to health, wellbeing, and sustainability. 
  • Highly valued by employees looking for practical, money-saving benefits. 

Boost Wellbeing and Reduce Absenteeism 

  • Encourages regular exercise, improving health and energy levels. 
  • Can help reduce stress and sickness absence. 

Why Choose Bowmore?

Market Review

  • We review the full Cycle to Work provider market to match you with the right partner. Whether you need maximum flexibility, online ordering, local bike shop access, or specialist cycle equipment, we’ll find the scheme that fits your workforce. 

Long-Term Value

  • We ensure your chosen workplace cycling scheme is simple to manage, fully compliant, and delivers ongoing savings for years to come. 

Integrated Benefits Approach

  • Cycle to Work can be offered as a standalone perk or built into a wider benefits package – all in one place for easy employee access and engagement. 

Top

Get in
touch

Bowmore Financial Planning
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.