Common Questions About The Bike To Work Scheme
Riding your bike to work under the bike to work scheme is an option worth considering. If you have questions regarding this salary sacrifice scheme, you’ll find the answers here. Will you have to ride a bike to work every day under this scheme? Certainly, using your bike for your daily commute is the aim of the bike to work scheme, but the general rule is that it should be used for no less than 50% of the time. Can I use the bike for non-work purposes? Yes, you don’t need to log where you go, just ensure that the bike is mainly used for commuting to and from work. If you’re an employer, you may also have some questions. For example, who can participate here? Any type of employer can take part in the scheme. To be eligible, employees’ gross salary shouldn’t go below National Living Wage once salary sacrifice has been deducted, and they must also receive their salary via the PAYE system. Hopefully, you now have a better understanding regarding the bike to work scheme, whether you’re an employer or an employee thinking about riding your bike to work. This is a great scheme for all involved. Click Here: teamrewards.co.uk/employee-benefits.html
