A Beginner’s Guide to the Cycle to Work Scheme

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A Beginner’s Guide to the Cycle to Work Scheme

Introduction

E-bikes have elevated urban mobility by offering a sustainable and affordable travel alternative, with reduced costs for fuel, parking, and vehicle maintenance.

Beyond conveniently implementing exercise into an employee’s routine, e-bikes are also beneficial in terms of sustainability, producing better air quality, reducing congestion, and reducing the carbon footprint.

Upfront cost can be a barrier for people considering an e-bike, but the UK’s Cycle to Work scheme – a cost-effective solution that helps employees save money when purchasing a bike or e-bike, and cycling equipment – could provide a cost-effective option.

 

 

What is the Cycle to Work scheme?

 

The Cycle to Work scheme is a government-backed initiative that lets employees get a new e-bike and safety gear for commuting, whilst saving money through a salary sacrifice.

Here’s how it works:

  • Your employer buys the e-bike and accessories up front
  • You ‘rent’ them through your company by giving up a portion of your gross salary each month (before taxes and National Insurance contributions)
  • The salary sacrifice reduces your overall taxable pay, so you pay less tax whilst spreading the cost of your e-bike over time

 

 

TENWAYS’ Cycle to Work scheme partner

 

DASH, the UK’s top Cycle to Work platform, offers the largest cycling catalogue. It covers purchases, flexible subscriptions, and bike share, with an unmatched range of convenient options.

The reason why DASH is such a convenient choice for those opting for the Cycle to Work scheme is that maximum savings are applied instantly upon checkout, with transparent pricing and no hidden fees.

For employers, DASH simplifies the Cycle to Work scheme by offering no upfront costs, automated payroll deductions, and a single monthly invoice.

It really is easier than ever to promote cycling in the workplace!

 

How can you start the Cycle to Work scheme with TENWAYS and DASH?

 

For employees, the process is simple.

If your employer already uses DASH:

  • Choose your TENWAYS e-bike: Place your order online, and it will be sent to your HR team for approval - no voucher required.
  • Enjoy and save: You’ll have savings on income tax and NIC, paying through a monthly instalment over 12 months, with your e-bike being shipped to your address shortly after.

 

If your employer is not on DASH:

  • Introduce DASH to your HR team: Share your HR team’s details with us via the DASH website, and we’ll coordinate directly with them to set up DASH for your organisation.
  • Place your order & save: The same as the steps above, you’ll be able to place your order online, have it approved by HR, and then enjoy savings on income tax and NIC by paying in instalments over the next 12 months.

 

The Cycle to Work scheme is your ticket to convenient commuting and employee satisfaction

 

Beyond being a sustainable form of urban transport, getting an e-bike through the Cycle to Work scheme offers employees significant savings on the cost of a bike that also matches commuting needs, with employers also benefiting from having healthier and more productive employees.

In short, the Cycle to Work scheme is a win-win for employees and employers, saving time, money, and boosting health and environmental efforts – TENWAYS’ e-bikes are the perfect option for commuting in style!

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