Save up to 42% in tax
and NI contributions!
What is a Cycle to Work Scheme?
A cycle to work scheme allows your employees to acquire a new bike and safety equipment through salary sacrifice.
They spread the cost of their new ride through monthly deductions from their gross salary, saving on income tax and National Insurance contributions!
How Does Our Cycle to Work Scheme Work?
Step 1: Employee Chooses a Bike
Your employee selects their desired bike and equipment from a participating retailer.
Step 2: Employer Approves
You approve the request and we provide a certificate.
Step 3: Salary Sacrifice
We arrange a salary sacrifice agreement with the employee.
Step 4: Employee Receives Bike
Your employee enjoys their new bike and starts their healthier commute!
How a cycle to work scheme benefits your business.
- Stay fit and healthy - Encourage a more active commute and improve overall wellbeing.
- Save on the cost of the commute - Reduce the amount of money spent on public transport or driving to work.
- Spread the cost of the bike of your dreams - Enjoy significant savings on a new bike and equipment. Apply for a new or upgraded bike and get all your accessories under the same scheme. There are no end-of-hire charges – once repaid, the bike is yours!
- Reduce your carbon footprint - Contribute to reducing your carbon footprint and saving the environment!
- Save up to 42% in tax and NI contributions - Through salary sacrifice, reduce the amount you pay towards NI and tax.
How a cycle to work scheme benefits your business.
- Boost Employee Morale and Engagement - Show your employees you care about their wellbeing.
- Attract and Retain Top Talent - Offer a valuable benefit that enhances your employee value proposition.
- Save on National Insurance Contributions - Reduce your employer NI contributions.
- Reduce Absenteeism - Encourage healthier habits and potentially reduce sick days.
- Enhance Your Green Credentials - Demonstrate your commitment to sustainability and corporate social responsibility.
Why choose Pluxee’s Cycle to Work Scheme?
A Free Scheme
As an employer, this scheme is free!
* We provide account management and marketing support to power your scheme’s success.
Reduced Admin
Our online portal keeps your workload to an absolute minimum.
Adjustable Terms
The best scheme for your people and business, spreading the salary sacrifice arrangement over 12 or 18 months.
User Friendly
You’re in control with our online portal, easily accessed via desktop or mobile.
Your employees will have access to a wide range of bikes and equipment, making it easier than ever for them to start cycling their way to a better commute today.
Talk to us today about Cycle to Work
* Applicable to all businesses over 50 employees
Cycle to work scheme FAQs
Can my employees only redeem at Halfords?
No that’s not the case. Via our partnership, we can provide your employees with access to 98% of every bike brand in the UK including the largest selection of electric bikes in the market. Employees have the choice between 450+ Halfords Stores, Tredz Online and over 850+ Independent Stores.
Is the scheme a lot of admin?
Did you know that all approved applications via our system can be downloaded into a simple payroll spreadsheet always ensuring ease? On top of that, we will take full responsibility for managing the end-of-hire with our partner. It couldn’t be easier!
Some bikes cost more that the £1,000 limit.
Through our partnership, you can set a limit that is totally at your discretion. We have found that with the increase in demand particularly on electric bikes employers are eager to set a limit that maximises everyone’s savings. Our average limit tends to be between £2,500-£3,000.
I don’t want employees to deal with hidden charges at the end of hire.
Under our scheme, we can guarantee that employees have an option in place that is totally free of charge and guarantees their savings. Employees are offered the option to purchase the bike immediately for a charge determined by HMRC however 99% of all employees will opt for our zero-cost end-of-hire.
How quickly can employees collect their bikes?
We aim for your employees to receive their vouchers ASAP. Therefore, upon your approval, we can guarantee that your employees’ letter of collection will be issued the next working day.
What is a letter of collection?
A LOC is exactly what it says. A letter that you can use to collect your chosen bike and/or accessories. This will be sent via email once the application is approved.
Will employees receive any aftercare on the scheme?
We take your employees’ experience seriously with their safety being a top priority. All employees will receive: Unlimited lifetime safety checks on all cycles obtained through the scheme. A Lifetime Guarantee on Halfords Brand Cycles. An optional 14-day free insurance on all bikes. An additional unlimited 10% discount card on cycle essentials ensures savings throughout the year.