WHAT IS THE CYCLE TO WORK SCHEME?
Cycle to work is a Government scheme setup to encourage people to use bikes instead of cars. As an incentive the cost of the bike can be deducted from your pre-tax salary monthly and therefore you pay less income tax. Your employer also benefits as they save on the employer's national insurance. So for example, on a £1000 bike, if you were a 42% tax payer you would save £420 and only pay £580 for the bike, and your employer would also save around £130! We can take vouchers from all the schemes including Cycle2Work, Cyclescheme, Bike2WorkScheme, Green Commute Initiative, Cycle Solutions and Caboodle.
save up to 42%
HOW DOES IT WORK?
Save money. Pay Nothing Up Front. Pay Monthly. No Credit Checks. It's Very Easy.
- 1. Complete the short form below and you will then receive a quote by email.
- 2. You then submit your application through Cyclescheme or Bike2Work. We will advise you which one your employer is a member of and the page to go to in order to complete the application.
- 3. You will receive a voucher by email and you just email this voucher to us along with ID or bring the voucher to our warehouse.
- 4. You get the bike and will pay monthly through your salary less the tax saving amount.
For more FAQs you can visit https://www.bike2workscheme.co.uk/employee/faqs
