As the only cycle-to-work scheme of its kind in the UK, CycleSaver is tailored for the modern commuter who prefers the flexibility and convenience of bike hire options such as Santander Cycles, Lime, Forest, Beryl, TIER, and more, for their regular journeys.
CycleSaver operates exactly like a regular cycle-to-work scheme except instead of purchasing a bicycle, employees purchase an annual bike hire subscription through our partners. This innovative approach unlocks significant tax savings for employees, ranging from 30% to 47%, while also providing savings for employers through reduced Employer National Insurance contributions.
Additionally, CycleSaver has become a vital part of corporate wellness and sustainability programs, reinforcing the increasing focus on eco-friendly and health-conscious workplace initiatives.
For a deeper dive into how CycleSaver is transforming the commute and contributing to corporate sustainability and wellness goals, visit CycleSaver.co.uk.