This year the Cycle to Work scheme celebrates its 25th anniversary. A well recognised company benefit, this UK government run salary sacrifice scheme offered by employers, helps employees save up to 42% on the value of a new bike and equipment by taking payments from your monthly salary before tax.
Since 1999 it has helped more than two million in the UK, with seven in ten accessing the scheme basic rate tax payers. It has an impressive success rate too, turning 80% of first time subscribers into regular riders.
