Workride is NZ’s ride-to-work benefit scheme designed to get more people riding to work and living healthier lives.
The Bike Station is a long-time Workride partner that can help unlock an offset of 32-63% off your next ride. We don't charge a surcharge on any bike, including sale and clearance. Other retailers may charge you as much as 5%
SALARY SACRIFICE MODEL
Workride operates on a "salary sacrifice" model, where employees can exchange part of their pre-tax salary for a chosen ride. Over 12-months employees will have reduced take-home pay while they effectively reimburse the cost to employers.
Workride operates on a "salary sacrifice" model, where employees opt to reduce their pre-tax salary to lease a bike or scooter. In addition to the tax savings, a small proportion of other contributions like student loans or KiwiSaver may also be redirected towards the ride, depending on its value. At the end of the lease term, employees have the option to take ownership of the ride.
WORKED EXAMPLE
For example, an employee with a $80,000 salary, 4% Kiwisaver, and Student loan, chooses a Trek Powerfly FS valued at $6380, but it’s on sale in-store at $5200. Through Workride, they sacrifice $100 pre-tax and their weekly take-home pay impact is only reduced by $49, totalling an annual net contribution of only $2572 towards the ride. This arrangement benefits both the employee and employer, offering tax savings and financial flexibility. Check out Katie's example below: