Employee Benefits – Cycle to Work

Nabarro Poole LogoAt Nabarro Poole, we think that it is important for small businesses to get real value from their accountant. With this in mind, we try to do more than just prepare accounts and complete tax returns. Over the years, we have grown our network of businesses and contacts to ensure that we have access to fantastic services that we can pass on to our clients and associates.

In the second instalment of our guest blog, Samantha Latham from Enjoy Benefits, has explained the benefits (both monetary and physical) of the bike to work scheme. 

Cycle to Work Scheme… What is it?

Cycling to work brings a number of very significant benefits, both in terms of personal health and well-being to the individual, but also to society as a whole, both in terms of health and economic benefits as well as parking costs and train fares. You don’t even need to be the one cycling to gain benefit from greater uptake!

The best thing about getting a bike is that the more normal and popular it becomes, the safer and more enjoyable it becomes.  Choosing the Cycle to work scheme makes the whole thing more affordable too….. 

The benefit works by the employer leasing the bike and any accessories to the employees over a fixed hire term.  Enjoy Benefits Ltd make is simple, they provide everything an employer needs to run the benefit and take care of all the admin too, what could be better….. 

The cycle to work benefit is run through salary sacrifice so the employee saves the tax and NI on the amount and the employer save in NI contribution.  By offering this benefit, you would be making a real difference to your employees, their health and also the company’s bottom line.

Contact Enjoy Benefits today on 0800 088 7315 quoting  reference 6775 for more information, if a scheme is not in place for the company then Enjoy Benefits will be happy to discuss how the benefit works and set an account up.

We would like to thank Sam and the team at Enjoy Benefits for this insight. Just to add that I cycle to work 95% of the time and I take part in Nabarro Poole’s bike to work scheme and the financial benefit is just a bonus. The health benefits for employees are invaluable. 

                                                                                                                                                  

Nabarro Poole does not accept any liability for actions that readers may take and recommends obtaining specific professional advice before action.

For more information, please contact us through our website: www.NabarroPoole.com