What is the Cycle to Work Scheme?
Cycle to work is a scheme designed to help you save money and commute to work using a new bike. It allows you to spread the cost of the bike over tax-free monthly instalments via your employer. You could save between 32% - 47% on a new bike! All you need to do is choose a bike, hire it for an agreed length of time from your employer, then purchase it for a fraction of its original value.
All we need to do is invoice the employer, we deliver the bike, and the employee starts paying the employer back each month.
How it works?
If you're wanting to purchase your bikes through our scheme, please follow the steps below. If you didn’t see the scheme advertised here, please get in touch and let us know which one your employer uses, and we will see if we're able to help you.
- You visit our website to select the bike and equipment that you want. Then please request a quote from us by live chat, email or phone (please note a surcharge/ handling fee is added to all quotes. Promo Discount Codes cannot be used in conjunction with Scheme Purchases. Sale prices are not applicable to the cycle to work scheme). You will be given a quote, and you provide this to your HR department (or whoever is in charge of the scheme at your work), to pass to the specific scheme. As we incur a fee for your payment with a Cycle to Work Scheme we need to add on a handling fee, we choose to split the fee incurred between the parties.
- Once you have requested a secure voucher or letter of collection, your employer confirms eligibility and approves the request. The scheme will send them an invoice for the bike package, and a hire agreement is sent to you to sign. As soon as the bike is paid for, the secure voucher or letter of collection is sent to you.
- Your hire payments are deducted from your gross monthly salary. At the end of the hire period, you may have to pay a Fair Market Value payment to own the bike outright.
- You then contact us with the voucher or letter of collection, and we will book you in for delivery
Which Schemes Do We Partner With?
Cycle Scheme is an employee benefit that saves you 25-39% on a bike and accessories. You pay nothing upfront and the payments are taken tax efficiently from your salary by your employer.
Green Commute Initiative (CGI)
Green Commute Initiative is the industry-leading and award-winning cycle-to-work scheme with no limits. GCI’s scheme has no £1,000 limit and no scheme exit fees. Get an E-bike or conventional cycle through GCI and help reduce congestion and pollution whilst improving your health, fitness and mental wellbeing.
UK's no.1 independent provider of the Government Cycle to Work scheme. The Bike2Work scheme now allows employees to save on Bikes and accessories over £1000!
The Vivup Cycle to Work scheme offers huge discounts and helps your employees stay fit and healthy. With employees able to access Bikes and accessories over £1000!
How to Start the Process?
If you'd like to use the scheme above please get in touch with us for a quote either over phone (0333 090 3894), via email (email@example.com) or live chat.