Celebrating World Cycling Day over in this corner of LinkedIn!
Obligatory bike emoji: 🚲 🚲 🚲
I could write all about the benefits of cycling in London (there are many), and I could write about the negatives of cycling in London (there are also many, one of which is, admittedly, often near death) but what I'm actually going to tell you about is the many cycle to work schemes that could help you bring cycling joy to your team.
There are many schemes out there: Bike2Work, CycleScheme, Cycle2Work, Ride to Work (the list goes on).
How it works:
- Employer signs up for free to one of the schemes
- Employee chooses kit (bike and safety equipment) and submits to employer
- Employer approves and pays for all the kit via the cycle scheme, employee receives proof of payment
- Employee goes to retailer and uses proof of payment to redeem and pick up their kit
- Employee pays back cost of kit via salary sacrifice in their monthly payroll over a specified period (usually around 12 months)
- As this is effectively a loan, the kit isn't owned by the employee, but can be purchased at 'fair market value' at the end of the period
The employee saves money by reducing their PAYE and NI. The employer saves money by reducing the NI on that salary. It's a win win!
The employee also saves money on commuting costs, as well as having to spend hours of their day smushed inside a tube carriage. And as the weather is (finally) heating up, no one wants that. Instead you can breathe in the clean, fresh air of the London streets!
Go for it. You won't regret it! 🚲 🚲 🚲
Just please please buy and use a helmet and always always use lights. And reflectors. And those fancy reflector jackets. And gloves. Oh, and probably knee and elbow pads.
PS. Just message if you need help setting it up!
Founder of gogeta
5moIt shouldnt be financially damaging for a bike shop to accept a cycle to work voucher - something has gone very wrong for that to happen. Bike shops should welcome vouchers as being as good for them as for the customer. And there is a way And its been fantastic to see the work of GCN and Cycling Weekly bringing greater attention to this issue.