For Business Owners & Employers
A valuable benefit with financial advantages
Why the Cycle to Work Scheme Makes Sense for Your Business
The Cycle to Work scheme is one of the simplest and most cost-effective employee benefits a business can offer. Whether you're looking to reward your team, attract new talent, or even purchase a bike for yourself as a company director, the scheme provides valuable financial and wellbeing benefits for both employers and employees.
Save Money as a Business
Offering the Cycle to Work scheme can reduce your business's costs through Employer National Insurance savings. Because employees pay for their bikes through a salary sacrifice arrangement, your business pays less Employer National Insurance on the sacrificed salary.
For many businesses, this means the scheme costs very little to offer and can even generate savings while providing a highly valued employee benefit.
Directors and Business Owners Can Benefit Too
If you own a limited company and are also an employee or director, you may be able to use the Cycle to Work scheme yourself. This allows you to enjoy the same tax-efficient benefits as your employees while your company also benefits from reduced Employer National Insurance contributions.
A Benefit That Works for Everyone
The Cycle to Work scheme delivers benefits across your entire business:
Do I need to cycle to work every day?
No. HMRC expects the bike to be used mainly for qualifying journeys, but commuting doesn’t have to be every day.
What bike can I get?
Most schemes include all types of bikes including e-Bikes as well as safety accessories such as helmets, lights, clothing and even locks! Skye bikes offer a bespoke service of On-Site demo's allowing you to find the perfect bike and accesories.
Is there a spending limit?
Many Cycle to Work providers now have no upper limit, although this depends on the provider and employer. Part of our service is to ensure you select the best provider to suit your requirments,
Can my employer join if they don’t already offer a scheme?
Yes. Skye Bikes can help businesses register with a suitable Cycle to Work provider and guide them through the whole setup.
Frequently Asked
Questions
Lower Employer National Insurance costs
Tax-efficient bike purchases for directors and employees
Affordable monthly payments instead of large upfront costs
Healthier, happier, and more productive employees
A more attractive employee benefits package
Reduced environmental impact and increased sustainability
If you’re a director who is paid through PAYE and does not have a controlling interest in the company, you can also benefit from the Cycle to Work Scheme in exactly the same way as other employees.
Skye Bikes can advise on the best options and help you choose the right bike for commuting or mixed-use riding.
For Company Directors
(Non-Controlling Directors)
Tax and National Insurance savings.
Spread payments through salary sacrifice.
Encourage healthier commuting.
Access premium bikes and accessories more affordably.
What happens at the end of the hire term?
Own your bike for just £1
Up to 47% Tax Savings
£
UK Cycle to Work Savings Calculator
why skyeBikes?
On-site demonstration events.
Personal support.
Local expertise.
Ongoing servicing and maintenance support.
Genuine partner rather than simply a scheme provider.
UK wide coverage.
Lets Talk
Let's have an initial conversation where we learn about your business, workforce and objectives
Employee Applications
Staff apply through the chosen scheme provider with support from SkyeBikes
Select the Right Scheme
We help identify and implement the most suitable Cycle to Work provider. We will provide promotional materials, presentations and employee communications
Bike Collection & Setup
Employees receive their bikes fully prepared and ready to ride.
On-Site Demo
Where appropriate, we bring bikes to your workplace so employees can see and experience the products available.
Ongoing Support
Servicing, maintenance advice and aftercare support continue after the purchase.
Schemes we work with:
