Coop cycle to work scheme

You can make savings. Our cycle to work scheme will help your employees make huge savings on a new bike, including additional benefits such as full warranty and free insurance. NI efficient ways to cycle to work. Join the cycle to work scheme provided through Pearson.

Receive your salary by PAYE. Apr This scheme aims to encourage you to cycle to and from work. Under the scheme your employer can buy a bicycle and safety equipment for you. Save up to on the cost of bikes and . Get ready with savings on your bike and equipment.

Cycle to Work Scheme. By covering the cost of the bike through a salary sacrifice, most people save about of the . The maximum saving on the scheme is €495. With a package value of £0. This is where the savings come from.

A basic rate taxpayer normally pays income tax and national insurance, so would save. All schemes enable your employees to get a bike tax-free with the average saving being over of the cost of the bike. Actual savings will depend on each individuals personal circumstances. Here is a typical example of savings possible as a Higher rate taxpayer ():.

Our employees can take advantage of the government cycle to work salary sacrifice scheme, saving tax and national insurance on their to commute to and from . All while making huge savings (at least !) as . The salary sacrifice scheme allows your employees to save money on . Example of cycle to work scheme saving £320! A government initiative that allows you to save up to. Queen Mary offers a cycle to work scheme which aims to encourage staff to cycle to work by offering significant savings on the cost of bikes and accessories. Savings can vary depending on individual circumstances.

Green Commute Initiative is leading the industry with its cycle-to-work scheme with no limits. Generate savings on employers NI contributions for each employee on the scheme. Significant savings are available as a result of Government initiatives to encourage healthier lifestyles and to help reduce environmental pollution. There are a host of benefits available to employees should their workplace choose to launch a cycle to work scheme, these include: Huge savings on bikes and . Your employer also makes savings to encourage them. What are the benefits to the employee.

The savings that individuals make through the cycle to work scheme improves the affordability of, and access to, cycling. This enables the employee to make savings by reducing their. Employees who participate in schemes.

The CCG has identified that by offering the cycle to work scheme to employees it is. Normally you hire the bike and equipment for a year, and the . The monthly hire payment is made from gross pay and has the following impact: A bike worth £0will cost a basic rate taxpayer £ . The scheme offers significant savings for the purchase of a bicycle and related equipment - up to off the retail price, depending on your tax rate - and is very.