For employees, deciding whether they want to take advantage of a cycle to work scheme or not is often dependent on what bikes and equipment they can buy. The next thing they typically want to know is how you pay for cycle to work scheme bikes and equipment.
Topics: cycle to work schemes
Most people familiar with the cycle to work scheme know that it can save employees at companies that are registered money on bikes and cycling equipment. Fewer, though, realise that there are savings to be made for companies themselves. The most direct cycle to work scheme savings for employers are made in National Insurance contributions, capital allowances and, in some cases, Annual Investment Allowances (AIAs). Employers save through reduced time lost to sick days.
Topics: cycle to work schemes, savings
Although the UK’s cycle to work scheme is a government initiative, it is delivered by a variety of commercial partners, of which Bike2Work Scheme is one. As we’ve detailed in our guide to choosing a cycle to work scheme provider for employers, each provider delivers the scheme in their own way.
Topics: cycle to work schemes, cycle to work scheme providers
Each cycle to work scheme provider has its own network of bike shop retailers from which the employees of companies signed up to the scheme can redeem scheme vouchers. The networks vary in size and in which retailers they include, but there also tends to be some overlap.
Topics: cycle to work schemes, bike shops
Due to the nature of the cycle to work scheme, there are lots of similarities between the different scheme providers. We all offer the same service, albeit in our own ways and with our own particular benefits. Of course, we think Bike2Work Scheme is the best of the bunch, but why take our word for it?! Here’s some advice for finding the best cycle to work scheme so you can find that out for yourself.
Topics: cycle to work schemes
The cycle to work scheme is pretty straightforward for employers and employees alike, but there are differences in how the various providers deliver the service. Providers may use some of those differences to differentiate themselves from other providers, but there are some things that all providers can do to deliver an easy cycle to work scheme for employers.
Topics: cycle to work schemes
