Employee schemes are exceptionally beneficial; they benefit the employee and the employer. One option is the riding your bike to work schemes . So, what's the bike to work scheme? This is a salary sacrifice scheme whereby the employee will get up to Â£1,000 worth of bike and safety equipment through the business. The employee then pays to effectively 'hire' the bike each month, as a salary sacrifice charge. There are numerous benefits for the employee. Not only will they save money...sometimes as much as 42% but also it means they get a nice new bike without having to make an upfront payment or paying for it on their credit card. In fact, they can have a new bike every year if they wish. For the employer, there are many benefits, including low implementation, boosting employee retention, branding, reduced parking and congestion, improve attendance, fitter and healthier staff – leading to improved productivity, and they can save money as well. Sounds good, right? If you're interested in this scheme, it's advisable to get in touch with employee benefits specialists. They will be able to ensure that your business gets the most out of the riding your bike to work scheme. Read more
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