Although there is no upper limit, you can't just go on a crazy spending spree and blow your annual salary on a top of the range Pinarello: your employer will need to approve your cycle to work scheme request first and provide you with a voucher that you can use at retailers.Please give an overall site rating:Cycle to work is a 'salary sacrifice' employee benefit, meaning the 12 monthly instalments are taken off your gross salary, saving you and your employer money, as no tax is paid. About the Scheme. The Health Benefits of Cycling from Cyclescheme Ltd on Vimeo.. Talk about it: Our experience with employers tells us that word of mouth is a powerful factor in helping increase interest in cycling and getting more people to give it a try. With workplace stress and anxiety on the rise, boosting our ability to take control of them is critical for our long-term mental wellbeing. Our own Cyclescheme data shows that almost half of those that cycle to work said that doing so improved their mental health, with two-fifths saying it has had a direct impact on lowering their workplace stress. Under the scheme an employer can pay for a new bicycle (including bicycle accessories) and the employee then repays … Your employer must sign up first for one of the many schemes available and provide you with a code which you can use at selected retailers. Employer Benefits. The distance and speed cycled, the intensity of the route (cycling uphill will understandably burn more calories than cycling on flat roads), and the weight of the cyclist themselves (heavier people use more energy to move, meaning they will typically burn more calories than someone who weighs less), all affect calories burned from cycling.Making it easier for employees to cycle to work should be a priority for every single employer out there, but as we know, there are some crucial challenges in getting more people into cycling.
One thing that all employers should be doing is encouraging their staff to cycle to work – it can have a dramatic impact in improving mental wellbeing. So what can be done?We already know that cycling reduces the risk of heart disease and cancer – largely because cycling is great exercise. When hormones like serotonin, dopamine and endorphins are released, stress and anxiety is reduced. Finding ways to be happier more often and for longer is especially important now, as an uncertain political and economic climate is taking its toll on employee morale across the UK.Click on the image or the button below to download the pack in a handy .zip file. 4.
It’s also a cost-effective and simple employee benefit to offer your staff.As a result, having happy employees boosts productivity, increases employee resilience, and reduces staff turnover.As a form of exercise, cycling helps us control the hormones responsible for stress, which can help us stay in better control of our emotions.
There’s the extra bonus of more time spent outdoors too. This includes the full infographic as well as individual frames and posters -perfect for sharing with your employees and getting them talking about the health benefits of cycling.Crucially, the study also highlighted that once taken up, cycling is easier to stick to, requiring less willpower than other types of exercise.The short answer is, “it depends”. You're all set to start your application.By getting more employees to take up cycling as a regular part of their commute, businesses can increase staff retention, boost employee morale and increase their chances of sustained, long-term economic growth. It’s an issue that every employer has a moral obligation to take seriously. Aside from making us physically fitter, a number of studies have shown that cycling can enhance brain function and repair, and make us sharper and more alert by speeding up connections in the brain. Due to tax allowances etc, this is horrifically complex to put an exact figure on, but let's just say most standard rate payers will save a lot and higher rate tax payers will save even more.In a nutshell: quite complicated, but well worth doing.Basically, you will not get the bike for as cheap as if you finished paying the instalments until the end of the Hire Period, but savings made up until that point will not go to waste.Under the most advantageous use of this system, after 4 years you pay 7% of the original purchase price of the bike – or 3% if the bike was under £500 – in order to own it 'properly'. for a fair price, and that everything runs as … Get any bike Benefits Calculator There are simply too many variables at play. Who is eligible for the scheme? But did you know that cycling is also good for weight loss (which offers the roundabout benefit that when you weigh less, cycling becomes easier)?It’s safe to say then that when combined with a sensible diet, cycling can contribute in a big way to weight loss, and the health benefits that consequently brings.Cycling to work not only boosts physical fitness, it has the added bonus of helping us put away our phones and focus on the world around us, giving us much-needed time to reflect and make sense of all the things we’ve got going on day-to-day.
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