Cycle To Work Schemes
Who can apply?
Anyone aged 18 or over who is in UK PAYE employment can save, as long as their employer agrees to participate in the scheme. Any UK employer can register to participate in cycle to work schemes.
How much can I save?
Standard rate taxpayers will normally save 33.25% on the cost of the bike & higher rate taxpayers 43.25%. Savings can be up to 48.25% (for additional rate tax payer). In addition, employers will save 15.05% employer's NI too!
Need to cycle to work?
You are free to decide whether to use the bike to cycle to work on any given day. Remember it's your bike, so you can use your eBike outside of work any time you please too. Riding to work should only be one part of your regime.
It sounds complicated?
The process is taken care of for you, by the cycle to work scheme provider you chose. You repay the cost of your new eBike by sacrificing a part of your gross salary each month directly via your employer.
I'm already with a scheme
Your employer may have already suggested a scheme they prefer to use. Click on your preferred scheme below to learn how to process it (mobile users scroll to see all schemes).
How much can I save?
Example with an order total of £3667 (inc bike with accessories) based on a higher rate tax payer.
Bike Cost £3299
Accessory Cost £299
Helmet (Safety Equipment) £69
Total Cost = £3667
43.25% Saving = £1585.97
Cost Per Month = £173.42 over 12 months.
Total Overall Cost = £2081.04
The schemes all follow the government guidelines, however some are quicker than others.
Some schemes are simply easier to deal with. We process them everyday, so we know which ones stand out.
For both employees & employers the two easiest schemes are the Cyclescheme & the eBike To Work Scheme.
Are you an employer? Get in touch, we can recommend the best scheme and help on-boarding.
Good to know
Unlike some other stores we do NOT charge any administration fees for processing schemes.
Please note: The use of a Cycle to Work scheme must be notified at the point order with us, or prior to full payment where a deposit has been made to secure a bike.
We cannot retrospectively apply a voucher or process a cycle scheme payment once full payment has been made.
We are unable to accept Cycle to Work scheme vouchers alongside our finance partner(s). Still stuck? Get in touch +