The Benefits of Cycle to Work Scheme:
The Cycle to Work Scheme has become one of the most effective and accessible ways for employees across the UK to switch to greener, healthier commuting. With benefits spanning from financial savings to improved well-being and productivity, it’s no surprise that more than a million people have already taken advantage of it.
Whether you’re just hearing about the scheme or trying to understand how it works, this video guide explores the benefits of Cycle to Work Scheme.
To list a few:
1. Financial benefits: Save up to 47%
One of the biggest draws of the scheme is the tax savings. Through a salary sacrifice arrangement, you agree to give up part of your gross salary in return for a bike and accessories. Because the payments are taken before Income Tax and National Insurance, you save up to 42% as a basic-rate taxpayer, or 47% if you're a higher-rate taxpayer. That means a £1,000 bike might cost you just £530 over 12 months.
2. Health benefits: Physical and mental well-being
Cycling is one of the best forms of daily physical activity. It strengthens your heart, lungs and muscles while being low-impact on joints. The University of Glasgow studied over 250,000 commuters and found that cycling to work cuts the risk of premature death by 41%, cancer by 45%, and heart disease by 46%.
And it’s not just your body that benefits. The same study also found that people who cycle are significantly less likely to suffer from stress or need to take mental health medications.
3. Environmental impact: Greener, cleaner, smarter
Transport is the largest contributor to the UK’s carbon emissions, with commuting playing a significant role. By swapping the car for a bike just a few times a week, you’ll dramatically cut your personal carbon footprint.
Whether you're looking to cut costs, boost your health, reduce your carbon footprint, or just enjoy a better commute, the Cycle to Work Scheme has never made more sense. And with Cyclescheme, the UK’s original, most experienced provider, you’ll get expert support, flexible choices, and everything you need to get rolling.
Click on the link below to access the Cycle to Work Presentation on their and check out our Cycle to Work Guidance on How to Apply.
https://blackhawknetwork-my.sharepoint.com/:v:/r/personal/adixo00_bhnetwork_com/Documents/Webinars/Recordings/Pre-recorded/Cyclescheme%20Pre-Recorded%20Webinar%20-%20March%20190324%20(2).mp4?csf=1&web=1&nav=eyJyZWZlcnJhbEluZm8iOnsicmVmZXJyYWxBcHAiOiJTdHJlYW1XZWJBcHAiLCJyZWZlcnJhbFZpZXciOiJTaGFyZURpYWxvZy1MaW5rIiwicmVmZXJyYWxBcHBQbGF0Zm9ybSI6IldlYiIsInJlZmVycmFsTW9kZSI6InZpZXcifX0%3D&e=kJBSZQ
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