What is the Cycle to Work scheme?
Simply, the Cycle to Work scheme allows employers to help their employees acquire a bike, tax-free, through a salary sacrifice scheme. The employer purchases the employee's choice of bike and then loans it to the employee. This takes the form of a tax-free benefit, on the condition that it is mainly used to get to and from work, or for other work-related purposes.
A loan amount is then agreed by the employer and employee, which is then deducted from the employee's salary, before tax and national insurance. At the end of the hire period, the employee is given the opportunity to buy the bike for a small sum. This also includes any equipment or accessories purchased with the bike. If the employee decides they don't wish to buy the bike, it is given back to the employer.
Want to find out more? The best place to start is by talking to your employer. Not all employers are able to offer this scheme, but many do. They can then instruct you further.
If you're ready to start looking for bikes, take a look at the categories relevant to you below. You could also just start browsing all of our bikes start browsing all of our bikes if you're looking for some inspiration!