Cycle to Work Scheme

Cyclescheme is the UK’s leading provider of the Cycle To Work Scheme and is a founding member of the Cycle To Work Alliance.

Cyclescheme is run in strict accordance with the government’s green travel plan and also conforms to the requirements of HMRC, OFT and DfT. The scheme allows employees to get a new bike with a tax-free saving of at least 25% as part of a hire agreement.

Cyclescheme works with a range of retailers who can offer your employee a quotation for their bike and a certificate will be requested. Once the employer approves the request they will be invoiced for the bike package and a hire agreement will be sent to the employee, who can then arrange the collection or delivery of the bike with the retailer. The cost of the package is then deducted as part of a salary sacrifice. At the end of the hire period, the employee can pay a market value payment to make the package their own.

When an employer signs up to Cyclescheme, they will be signed up to a secure website where all of the approvals and certificate processing can be dealt with. They will also be sent a range of promotional materials to help them promote their Cycle To Work Scheme to their employers. The scheme is available to UK tax payers who pay PAYE. Unfortunately self employed workers are unable to take part in the scheme at this time.

The Cycle To Work Scheme offers a fantastic benefit which gives all employers and employees the chance to cycle to work every day on their own bike. This will help to reduce congestion at vital rush hour times and put less strain on already limited parking facilities. By reducing the number of cars on the road, you can also help to reduce the impact that CO2 emissions have on our environment. The addition of a cycle shelter will mean your employees have somewhere safe and secure to leave their bikes while they work.

Cycling to work is not only better for our roads, it is also better for our health. The regular exercise of cycling to work each day gives your employees the chance to live a healthier lifestyle, tackles the growing obesity crisis and helps to keep bodies stronger and fitter. Cyclescheme brings a vast array of benefits to your business and your staff, and is something that everyone can enjoy.