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.
What are the cycle to work scheme savings for employers?
Topics: cycle to work schemes, savings
What are the cycle to work scheme savings for employers?
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