Cyclescheme

Human Resources ServicesUnited Kingdom11-50 Employees

Welcome to Cyclescheme - the UK’s leading provider of tax free bikes under the Government’s Cycle to Work initiative. We enable employers to offer their employees a great voluntary benefit through salary sacrifice, while enjoying significant National Insurance Contribution savings. To date we’ve worked with over 45,000 UK employers, from the likes of Sainsburys and Santander, to thousands of small businesses and even sole traders. That’s resulted in over 610,000 UK employees benefiting so far. For any employer Cyclescheme is a win-win benefit - completely free to sign up to and then each employee’s participation results in the company saving up to 13.8% on National Insurance contributions. ENGAGE YOUR EMPLOYEES Beyond this, Cyclescheme offers a massive employee engagement incentive; over 65% of participants have said they would not have obtained a bike otherwise, most cycle to work three out of five days a week and 83% still use their Cyclescheme bike nine years later. And of course employees benefit financially, gaining a bike or cycling equipment up to £1,000 in value, saving 25%-42% dependent on how much they earn and the rate of tax paid. HOW IT WORKS Signing up to Cyclescheme is really easy for employers who then receive all of the materials and support they’ll need to promote their benefit to employees. And it all comes with the support of Cyclescheme’s highly rated customer service team, along with an easy to use online portal for managing employee participation. Participants also have the choice to buy their bike or equipment from over 2,000 retailers across the country. OTHER SALARY SACRIFICE SCHEMES For employers looking for a wider range of salary sacrifice benefits, Cyclescheme is part of the growing MySchemes portfolio from Grass Roots Employee Solutions, also including Phonescheme, Computingscheme and Childcarescheme. We hope you enjoy following us on LinkedIn and learning more about Cycle to Work benefits!

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