The Benefits Of The Cycle To Work Scheme In February 2023

The Benefits Of The Cycle To Work Scheme In February 2023

The Cycle to Work Scheme: A Great Way to Get Active, Healthy, and Save Money this February

February is the perfect time to make a change and start working towards your goals, especially when it comes to getting fit, healthy, and saving money. One of the most cost-effective and environmentally friendly ways to do this is by participating in the Cycle to Work Scheme.

In this post, we'll explore the health and financial benefits of cycling both pedal and electric bikes, and why now is the best time to avail of the Cycle to Work Scheme.

What is the Cycle to Work Scheme?

The Cycle to Work Scheme is a government-supported initiative that enables employees to purchase a bike and necessary equipment for cycling to work, tax-free. Under the scheme, employers purchase the bike and equipment and then loan it to the employee for an agreed period. The employee pays for the equipment through a salary sacrifice scheme, meaning they pay for it before tax is deducted, resulting in significant savings.

Health and Financial Benefits of Cycling

  1. Improved Health: Cycling is an excellent form of exercise that provides numerous health benefits. It improves cardiovascular fitness, reduces stress, strengthens muscles, and helps maintain a healthy weight. Whether you choose to cycle to work on a pedal bike or an electric bike, you'll enjoy the benefits of an active and healthy lifestyle.

  2. Increased Savings: Participating in the Cycle to Work Scheme not only saves money through the salary sacrifice scheme, but it also reduces the cost of commuting. With the rising cost of gasoline, insurance, and vehicle maintenance, cycling to work is a great way to save money on transportation costs.

  3. Eco-Friendly: Cycling is one of the most environmentally friendly modes of transportation. It generates no pollution and reduces the carbon footprint, making it a great choice for those who are environmentally conscious.

  4. Timing: Most companies require that the bike be paid off by the end of the year, so early in the year means a smaller salary sacrifice. Availing of the Cycle to Work Scheme in February is the perfect opportunity to get ahead of the curve and make the most of the cost savings before the year progresses.

In conclusion, the Cycle to Work Scheme is a great way to get active, healthy, and save money. By participating in the scheme, employees can enjoy improved health, increased savings, and eco-friendliness. Whether you prefer a pedal bike or an electric bike, the Cycle to Work Scheme provides a cost-effective and environmentally friendly way to achieve your fitness goals and start the year off on the right foot. So why not consider the Cycle to Work Scheme today and start reaping its benefits!

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