Employees - Your questions answered
You apply for the Ride-to-Work scheme online, once the application is approved by your HR team, you will receive a voucher which can be used to redeem for a bike and equipment, online or in-store. The goods are leased to you via money taken from your pay, which come with a tax saving. These deductions usually last for 12 months.
Employers - Your questions answered
Your employees apply for the Ride-to-Work scheme online, which you then approve for eligibility/affordability via our administration portal. Once the business has paid, the employee will receive a voucher which can be used to redeem for a bike and equipment, online or in-store. The goods are leased to the employee by Evans, with you making deductions from their pay to claw back the cost. These deductions come with an Income Tax and National Insurance saving. Deductions usually last for 12 months but you are able to offer employees longer if you wish.
End of scheme options
You decide on a scheme limit between £1,000 and £15,000 You select a repayment term from 12 months to 72 months Employees sign into a 72 month hire agreement directly with Evans Cycles at the point of application, meaning no more cumbersome hire extensions to sign and you have no additional admin after salary sacrifice completes. Employees incur no additional deposit charges or ownership fees either.