Cycle to Work Schemes
Looking to make your commute more eco-friendly and
affordable? Save up to 42% on the cost of your eBike through cyclescheme
Cyclescheme
We have partnered with Cyclescheme to help make owning a new e-bike easier and more affordable than ever. The government backed salary sacrifice scheme allows employees to spread the cost of a new e-bike over time and benefit from tax savings.
Here's how it works
- Sign Up: Employees sign up for the Cyclescheme through their employer, who must be registered with the program.
- Choose Your eBike: Select your eBike and accessories from our store.
- Salary Sacrifice: Your employer buys the eBike, and you repay the cost through a salary sacrifice, spreading the payments over 12-18 months.
- Tax Savings: Since the payments come from your gross salary, you’ll save on tax and National Insurance, making the bike more affordable.
- Enjoy Your eBike: Once your agreement ends, you can continue to use the eBike with an option to own it permanently.
You could save up to 42% on the cost of your eBike through the Cyclescheme.
Benefits of using the Cyclescheme
-
For Employees:
- Tax Savings: The Cyclescheme allows you to save up to 42% on the cost of your eBike by paying from your pre-tax salary.
- Spread the Cost: Spread the payments over 12 to 18 months with no interest, making it easier to budget.
- Health & Wellbeing: Cycling to work is a great way to stay active, boost your mood, and avoid the stress of public transport.
- Eco-friendly Commute: Reduce your carbon footprint by using a green mode of transport.
- Tax Savings: The Cyclescheme allows you to save up to 42% on the cost of your eBike by paying from your pre-tax salary.
-
For Employers
- Employee Wellbeing: A healthier, more active workforce is often more productive and engaged.
- Cost Savings: Employers can also benefit from National Insurance savings on the salary sacrifice amounts.
- Sustainability Goals: Offering the Cyclescheme helps support your company’s commitment to sustainability by reducing carbon emissions.
- Employee Wellbeing: A healthier, more active workforce is often more productive and engaged.
-
Eligibility Critera
To be eligible for the Cyclescheme, both you and your employer need to meet certain conditions:
- Employer Eligibility: Your employer must be registered with the Cyclescheme, which is free and easy for them to do.
- Employee Eligibility: The scheme is available to most employees, though some restrictions apply to higher earners. You’ll need to be paying PAYE tax to benefit from the scheme.
- Price Cap: You can purchase an eBike and accessories up to a value of £5,000, depending on your employer’s scheme.
- Employer Eligibility: Your employer must be registered with the Cyclescheme, which is free and easy for them to do.
