A major campaign urging employers to increase productivity and reduce absenteeism by using tax breaks to encourage their staff to cycle to work has been launched by Raleigh UK.
All businesses can sign up to Cyclelife c2w, which through tax breaks can give employees the opportunity to obtain a bike and safety equipment such as helmets, lights and reflective clothing, and save up to 50 per cent of the normal retail price.
By encouraging staff to cycle to work, employers are likely to benefit from:
Employees would ordinarily have to pay income tax on something lent to them for private use by their employer. With Cyclelife c2w, employers can provide bikes to their staff as a tax-free benefit provided the bikes are used to travel to and from work for some of the time.
Cyclelife c2w aims to support independent bicycle dealers in approaching their local employers - of whatever size - to participate in the scheme by keeping administration simple and effective, and ensuring the scheme is cost neutral to the dealer.
This is a superb new initiative from Raleigh UK where everyone wins - employees make big savings on new bikes and employers get a healthier workforce, tick the green box and save money too!
More information on Cyclelife c2w can be found at www.cyclelife-c2w.com or by calling the Cyclelife c2w team on 0844 811 6078.
