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A Cycle to Work scheme is a UK government initiative that allows employees to purchase bicycles and cycling equipment through their employer, typically with tax and National Insurance savings. The cost is deducted from the employee's salary in monthly installments, usually over 18 months, before tax and National Insurance are calculated. This "salary sacrifice" arrangement results in lower taxable income and thus tax savings. Here's a more detailed breakdown:How it works:
Benefits:
In essence, the Cycle to Work scheme provides a win-win situation for both employees and employers by promoting a healthier, more sustainable, and financially savvy way to commute.
By choosing an e-bike through Cyclescheme, you’ll gain access to over 2,600 retailers, of which 45% stock e-bikes. Whether you’re an experienced rider, first-time cyclist, or you’re looking to ditch the traffic jams and crowded public transport, e-bikes make commuting accessible to everyone. With Cyclescheme, you can reduce your upfront costs, spreading the payments directly from your salary without any credit checks or hidden fees..
Tax is complicated; the cycle to work scheme is not. You choose a bike, hire it for an agreed length of time, then wind its value down to a negligible amount. It's like a year-round sale, with interest free credit
Telephone
0330 100 2480
Save up to 49% of the retail cost of bikes and accessories when you buy a bike through your employer, who is signed up to our scheme. For an estimation of just how much you could save, visit our visit our savings calculator.
Our dedicated experts are available via phone, live chat or email to make sure you get the most out of your scheme. Plus, our bikes are assembled in-house and fully checked by CyTech qualified technicians, the internationally recognised and accredited scheme for bicycle technicians.
We work with over 400 top quality bike brands, including Specialized, Giant and Cannondale. Plus, our team of expert advisers are on-hand to help you find the equipment most suited to your needs.
It is generally standard practice for a bike warranty to cover parts and labour for 12-months. However, we provide an 18-month warranty on all bikes that we supply through our online store. This gives you even greater peace of mind when you obtain a bike with us.
Green Commute Initiative is a Social Enterprise with a vision to get commuters out of cars and onto any kind of bike, with the dual purpose of improving both the individual’s health and wellbeing, as well as reducing the environmental impact of pollution and congestion from cars.
As a social enterprise, we put all our profits back into improving the scheme and our services, and we’re focused on providing maximum savings for employees and employers.
Telephone
01252 784540
Want to help empower your people to be fit, focused, and more resilient?
Featuring the largest range of cycles in the UK, our Cycle to Work Scheme provides a healthy alternative to costly rush hour journeys. Through our Cycle to Work salary sacrifice benefit, your staff can save up to 42%* on the latest bikes, high-vis clothing, and safety accessories for their commute
Willow eBikes
7a North Bridge Street, Hawick TD9 9BD, UK