Cycle to Work Scheme

What is Cyclescheme?

Cyclescheme is  one of the several companies administering the Government’s ‘Cycle to Work Scheme’. In a nutshell, Cyclescheme allows you to get up to £1,000 worth of bike and accessories through your employer. You then pay a monthly ‘salary sacrifice’ to effectively ‘hire’ the bike and kit, over a 12 month period. Cycle to Work Scheme

Save 25-39% on a new bike for work

Tax is complicated; the cycle to work scheme is not. You choose a bike, hire it for an agreed length of time, then snap it up for a fraction of its original value. It’s like a year-round sale, with interest free credit available in over 2,000 retailers nationwide.

Use the Cyclescheme calculator to see how much discount you can get on your new bike. There is also a really useful FAQs page here

Employers

If you’re an employer, no matter what the size of your company from one employee upwards, you can sign up to the scheme here.

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