Cycle to work scheme
Save 25-39% on a new bike for work
Tax is often 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 (Up to 39%). It's like a year-round sale, with interest free credit available!
The scheme was introduced to help employees save money on a the purchase of a new bike for their commute to work. You pay nothing upfront and the payments are taken tax efficiently from your salary by your employer. It's a no-brainer really! See Bob's story in the video...
STEP 1. Pick your bike and apply for the scheme
STEP 2. Your employer will review your application and pay for your Cyclescheme package. We'll then instantaneously send you an eCertificate. You can exchange your eCertificate for your bike in our online store!
STEP 3. Choose an ownership option. When your Hire Agreement and salary sacrifice ends, you can keep your Cyclescheme package by making a small additional payment.
Cyclescheme will contact you regarding ownership options at the end of your Hire Agreement. Participants on standard schemes tend to save between 25 and 39% when they use our recommended ownership option.