Help employees get fit, go green and save money

A Government backed scheme that lets employees get a new bike for travelling to work

The ever increasing cost of travel, is making cycling to work more popular than ever before. This Government backed scheme lets employees get a new bike for cycling to work, and because they pay for it through a salary sacrifice arrangement, employees can make significant savings in income tax and National Insurance. Your employees could save up to 42% on the cost of a bike and cycling safety accessories through reduced tax and NI. And as an employer, you will also save money on your NI contributions too.

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Benefits of the bike scheme

The Bike scheme or Cycle to Work scheme as is it also called, really appeals to staff looking to reduce their travelling costs and to get fit at the same time. So, you get a healthier and happier workforce along with company savings too.

  • Very popular and supports staff retention and encourages improved health, fitness and wellbeing
  • Employers can expect to save full employers’ NI, typically 13.8% on the total salary sacrifice value
  • You can set a maximum spending limit for employees
  • An integrated tool on our Salary Extras benefits platform will ensure that people cannot apply if it means that their pay will drop below the National Living Wage
  • The Salary Extras platform provides you with real time management information to support your payroll
  • Marketing materials are provided to ensure maximum employee awareness and scheme take up
  • Our Helpdesk Support Team can answer employee queries and assist those who don’t have PC access to enrol by telephone
  • The scheme demonstrates a company’s commitment to the environment and helps to relieve parking issues
  • Electric bikes are also available making the scheme accessible for employees who have a long commute or who need a bit of help.
Employee Benefits
  • Employees can make significant savings on the cost of their bike and accessories – standard rate taxpayers can typically save 32% and higher rate taxpayers can save 42%
  • The cost of the bike is spread over 12 or 18 months making it more affordable
  • There are no credit checks to worry about
  • A calculator tool is available so your employees can check out the total cost before they order, along with any tax and NI savings they could make
  • They save money on fuel and parking costs and get fit at the same time
  • Through our partnership with Cycle2Work, employees can access over 1,000 bike shops, combining more than 460 Halfords stores plus over 650 local independent bike shops and online through Treadz or Cycle Republic
  • Safety accessories and upgrades for existing bikes are also included
  • 1 year CycleCare included and 20% off all Halfords cycle accessories, parts and clothing
  • Access to Halfords, Treadz & Cycle Republic sales promotions
  • 38% discount off Total Cycle Assist Insurance Cycle Assist insurance
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No charge for our services

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No minimum order number

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Fully compliant scheme

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Promotional material included

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Simple & secure website

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Telephone applications if needed

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Minimal administration

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Dedicated help desk

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No min or max company size

Get Started

Click the button to sign up your company for the caboodle Bike scheme

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