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Cyclescheme is the UK’s leading tax-free cycle to work provider, creating the greatest impact for employees and and employers.
Cyclescheme helps make cycling to work a reality. Our easy-to-use salary sacrifice initiative allows employees to purchase bikes and accessories through their employer, spreading the cost over a period of 12 months and making savings through tax breaks.
Free of charge for employers, Cyclescheme helps to promote fitness, wellbeing and happiness in the workplace - increasing employee productivity, delivering financial value and boosting our clients’ green credentials. All in a tailored package to suit the specific needs of your organisation and employees.
Cyclescheme’s strong credentials and partnerships mean we can offer the broadest range of affordable bikes and accessories from the biggest choice of retailers. And thanks to our complete transparency, you know what you’re signing up to from the start - there are no hidden costs, fine print or asterisks.
Features of Cyclescheme:
- Free marketing material - more info
- Free events support - more info
- We offer an 'Any bike' garentuee - more info
- Sales and offers availabile - more info
- Over 2,000 retailers (in-store, online and click and collect) - more info
Our simple animation will explain the benefits:Back to top
How Cyclescheme works
Step 1 – Your employee visits one of over 2,000 Cyclescheme retailers (in-store, online or click and collect) and chooses their commuting package. This can be a bike, a bike and accessories or just accessories.
Step 2 – The employee requests a certificate and signs a hire agreement via our website. Once you’ve approved their request, Cyclescheme sends you an invoice for the certificate amount.
Step 3 - Your organisation pays the invoice and we enable your employee to collect their goods. At this point your employees salary sacrifice deductions kick in.
Step 4 - Your employee gets to spread the cost of their new item(s) and make a tax saving at the same time. Meanwhile your organisation starts to save up to 13.8% in National Insurance Contributions.
Step 5 - At the end of the hire agreement, Cyclescheme contacts the employee to talk through their ownership options. Once paid total savings remain high at 25-39% (with our offers many save more).
How to get started
Register with Cyclescheme today and introduce a new and exciting benefit to your organisation.
Signing up is simple and takes just 10 minutes, and within 24 hours you could be welcoming your first employee to the scheme. You will receive a MySchemes Account login and be given a uniqur employer code to share with employees. Your MySchemes Account is packed full of free marketing resources to use to promote your scheme including an email tool, poster tool and pre-written webtext and copy and paste emails.Back to top
Is it a Government Scheme?
Yes! The Government wants to reduce congestion and emissions in our cities; that’s why they created the Green Transport Plan. This encourages working adults to swap their car commute for a cycling one, and as an incentive they will benefit from a tax exemption on the cost of their cycle commuting goods.
Under the cycle to work scheme, your organisation buys the commuting package at full retail price and hires this to your employee over a fixed period of time. During this time, this balance is recovered through a reduction in the employee’s gross salary (meaning they make Tax and National Insurance savings – and you make National Insurance Contribution savings too!). At the end of the hire period, Cyclescheme steps in and lets employees know what their ownership options are.Back to top