Cycle to Work
Cycle to work schemes provide a more affordable way for you to purchase a new bike & equipment for cycling to work.
Depending on your tax bracket, you can save 32%, 42% or 47% on the price of a new bike and accessories as well as spreading the cost over a period of 6-48 months without paying interest.
How does the cycle to work scheme work?
Cycle to work schemes are a government initiative where employers can offer a bike to their employees in exchange for a salary sacrifice.
By sacrificing part of your gross (before tax) pay over a duration agreed with your employer, you are not paying the usual income tax or national insurance contributions; therefore saving between 32%-47% on the cost of the bike depending on your tax bracket. Employers also save money as they are not making national insurance contributions on the sacrificed salary. It's a win-win.
How much can I save?
Have a look at the savings calculator from the Green Commute Initiative scheme for an example of how much you could save using the cycle to work scheme:
- Cycle to Work Savings Calculator
What sort of bike can I get?
In short you can get any bicycle that complies with UK law (ie, not mopeds, pedelecs or derestricted electric bikes); so this could include a road bike, mountain bike, hybrid bike, gravel bike, electric bike or even an electric cargo bike.
Which schemes do you accept?
We accept pretty much all of them. The best way of finding out for sure is to get in touch with us.Get in touch