The Cycle to Work scheme is a UK government initiative that allows employees to purchase bikes and accessories through their employer at a discount. The scheme is designed to encourage healthier commutes and reduce environmental pollution.
Here are some key features of the Cycle to Work scheme:
- Salary sacrifice: Employees agree to give up part of their pre-tax salary to pay for the bike and accessories. This means that employees pay less tax on their earnings.
- Tax-free benefit: The cost of the bike is deducted from the employee’s salary before tax.
- Loan period: The bike is usually hired for 12–18 months, but can be longer.
- Ownership option: At the end of the hire period, employees can choose to own the bike for a fraction of its value.
- Electric bikes: Most schemes allow employees to purchase electric bikes (e-bikes).
We participate in the following schemes. Click on the logo’s for more information.
