How does a Cycle to Work scheme operate?

Is this a Government scheme?

Yes. Within the Government’s Green Transport Plan, there’s a tax exemption which allows employers to provide cycles and safety equipment to employees as a tax-free benefit. Employees hire the bicycles from their employer and buy them at the end of the period for a Fair Market Value payment.

The employer buys the bikes and safety accessories at full retail price, including VAT which is reclaimed in the normal way, if applicable. The balance is recovered from a reduction in the employee’s gross salary, and employers also benefit from National Insurance contribution savings. The net result? You save money on every bike you process through the scheme!

What does it cost?

All of our cycle schems core services are free of charge to employers. This includes customised Hire Agreements, Secure Vouchers and promotional materials needed to launch your scheme.

What other benefits does the scheme give to Employers?

Savings are great, but that’s not the end of the story. Running a Cycle to Work scheme also offers the tangible benefits of a fitter, more motivated, loyal and more productive workforce:
    •    Brighter, fitter, more punctual staff
    •    Enhanced benefits package promotes staff loyalty
    •    Liberated car parking spaces
    •    Reduced organisational carbon footprint

Register now!

Get up and running

If you're an employer, you can register for the scheme right here and receive all the info you need to get up and running.

Register now...