Cycle To Work Scheme

Tax is complicated, Cyclescheme isn’t.

You choose a bike, hire it for an agreed length of time, and then snap it up for a fraction of its original value. All while making huge savings (at least 25%!) and spreading the cost. Join Cyclescheme today in 4 simple steps.

How It Works

Frequently Asked Questions

How much will I save with Cyclescheme?

At least 25% – all in! If you’re a higher rate taxpayer, you’ll save at least 35%.

What can I get through Cyclescheme?

Almost any item you need to cycle to work including lights, locks, helmet and clothing. Go for a bike, a bike and accessories, or just accessories – it’s your choice.

What is a Hire Agreement?

It’s an agreement between you and your employer. This details what you’re hiring, for how long and with what repayments.

How is my salary sacrifice calculated?

This depends on how you get paid – weekly, monthly, 4 weekly, etc. Also, how long your Hire Agreement is in place for. For most people, this is 12 equal payments taken from your salary across 12 months.

What is a Cyclescheme eCertificate?

A voucher that’s delivered direct to your inbox. Redeem this online or in-store for your Cyclescheme package.

Why don’t I own the bike straight away?

Simple answer: tax. To benefit from Income Tax and National Insurance savings, an ‘Ownership Fee’ needs to be paid.

How is the Ownership Fee calculated?

The Ownership Fee is a set percentage based on the age and value of your Cyclescheme package. At 4 years old, 3% needs to be paid on packages less than £500 and only 7% on packages over £500.

If you have any questions about the Cycle Scheme, please send us an email using the form below.