Cycle to Work is a tax incentive aimed at encouraging employees to cycle to work, reducing air pollution and improving health. Employers benefit from fitter, punctual, more wide-awake staff. Employees benefit from better health and better bikes because their money goes further. With a budget of £200, an employee in the high tax-band can now afford a bike, plus accessories, worth £400. In fact the typical saving for an average Tax payer is 30 – 50%
OnYourBike has schemes in operation in organisations across the region with employers saving £,000’s in Employers Tax and salaries, and lets face it, in today’s climate every pound saved is worth its weight in gold.