Cycle to Work Schemes
We work with a number of agencies offering cycle to work schemes. If this interests you, speak to your HR department to check which scheme your employer is signed up to and how it operates. They can guide you on how to apply and how the repayments and ownership work for you.
These schemes are a good option to buy a bike and finance it with some significant savings due to tax and National Insurance advantages by making the payments directly from your salary via your employer. Also there is often no longer a limit on how much you can spend on the bike so ebikes are more accessible. However you do have to be able to afford the repayments.
Application Overview
- Choose the bike and any accessories you need.
- Get a quote from the bike shop you are looking to buy from.
- Submit the quote to your employer/HR dept. and work out your repayment options.
- Your employer/HR dept. will approve the payment and facilitate the purchase.
- The scheme operator will send the order to the bike shop, issue a voucher/communicate with you.
- You will liaise with the bike shop for delivery and you take delivery.
- You pay for the bike via your salary and the arrangement with your employer.*
- At the end of your agreement you may have additional payments – this will be made clear in your initial agreement.
* Bike insurance is recommended as you will still be responsible for repayments if your bike is stolen.
Green Commute Initiative
The Green Commute Initiative offers no limits on the price of an e-bike. Enjoy up to 42% savings with no end-of-scheme fees. Save on tax and National Insurance, and your employer saves 13.8% on employer’s NI.
Cyclescheme
Cyclescheme also offers no limits on the price of an e-bike! Save between 25-39%. At the end of your agreement, choose an ownership option by making an additional payment of 3 or 7% of the package value.
NHS Cycle to Work
Each NHS trust works differently. Please refer to your trust to find out your entitlements.
Government Cycle to Work
With the Government Bike 2 Work Scheme, you can save up to 42%.
Cycling to Work
Cycling UK have put together a handy article on how best to tackle this if you are setting off for the first time.
The article discusses the benefits of cycling to work and provides practical advice for commuters. Key points include:
- Planning and testing the route
- Ask a friend or colleague to join you
- Benefits of using an e-bike to cover the miles
- Training options
- Practical tips such as taking a change of clothing and not scheduling meetings first thing
Click here to read the article in full and to also take advantage of the information and support offered on the Cycling UK website.
