The Cycle to Work scheme for employers
You're one step away from having a happier, healthier and more productive workforce.
You're one step away from having a happier, healthier and more productive workforce.
The cycle to work scheme allows employees to obtain commuter bikes and cycling accessories through their employer, whilst spreading the cost over 12 months and making unbeatable savings through a tax break.
Here's how to set up a cycle to work scheme for your business through Cyclescheme:
Register
Employer cycle to work scheme registration with Cyclescheme only takes about 5 minutes. Once registered, an employer can access free-of-charge promotional resources to help them publicise their exciting new employee benefit.
Make application
The employee visits their local bike shop or browses online to decide what they want, then applies via the Cyclescheme website. Then, the employer cycle to work scheme administration is straightforward: the employer simply reviews the request to determine the employee's cycle to work scheme eligibility. If eligible, the employer then pays for the equipment.
Products received
The employee receives their bike and starts their salary sacrifice bike scheme repayments. As Cyclescheme is a tax efficient employee benefit, after 12 months the employer will have recovered their costs and generated up to 15.00% in savings. The employee will then be given their ownership options.
Why offer Cyclescheme? A cycle to work scheme employer guide
Cyclescheme is the UK's most popular cycle to work benefit, creating more cyclists than any other provider.
Over 2,600 retailers
Including Evans, Cycle Republic, Chain Reaction and Wiggle.
Bike rentals
Bike subscriptions available in over 30 UK cities from the nation's top providers.
In-store & online
The widest choice of retail experiences and online suppliers.
Any price
Our 'Freedom to ride' scheme allows bikes over £1,000+.
Simple to set up
Only takes 5 min.
Easy to manage
Our platform is intuitive.
Fuss free ownership
We manage end of hire so you don't have to.
IntoCyclescheme
Solution to help low wage earners spread the cost of a bike.
Finance option
We can help you fund your program with us.
Save-on-sale
Our 'no-quibble' retailers honour price matching, sale bikes and deals.
Always transparent
We always show accurate savings.
Free insurance
14 days free bike insurance cover for your employees by Bikmo.
Best in class
We get more adults cycling into work in the UK than any other cycling organisation.
BSI registered
ISO 9001:2015 and ISO 27001:2013.
Authorised
We're FCA Authorised.
Compliance superhero
We invest in scheme design so you don't need to worry.
Cycle to work scheme benefits for employers and employees
Cyclescheme enables your employees to save up to 47% of the cost of a new bike & accessories whilst also spreading the cost. It's completely free to join, and cycle to work scheme administration is easy online.
Cycle to work tax benefits for employers
Employees aren't the only ones who save with Cyclescheme. Not only will you recover the full cost of the bike - you'll also generate employer NIC savings up to 15.00% of its value.
Benefits
Cyclescheme
The cycle to work scheme for employers and employees is a total cycle-to-work solution; it's who we are and what we do. Because of this we've gone the extra-mile with every aspect of our scheme design and service.
- Free marketing portal with customised posters
- Free events support for all employers
- Freedom to ride - schemes over £1,000
- Bike rental - 6 & 12 month plans now available
- Easy to access finance option available
IntoCyclescheme is the Cyclescheme solution for National Minimum and Living Wage earners, temporary workers and low-hours employees.
More ways to save your employees money - at no cost to your business.
Cyclescheme is powered by BHN Extras, the free employee benefits platform.
Extras is the simple way to build a benefits package that supports the mental, physical and financial wellbeing of every employee. Best of all – there's no sign-up cost, per employee seat fee or minimum contract.
Sign your business up to Cyclescheme and receive access to Extras for free. Alongside Cycle to Work, take your pick from a range of flexible benefits all designed to save your employees money on everyday costs.
Employees earn up to 15% cashback on their everyday shopping.
Employees save up to 15% on over 200 branded gift cards.
Making cutting-edge technology affordable for all workers.
Cyclescheme's partnerships ensure great value and support for your employees.
With Cyclescheme, the cycle to work scheme benefits for employers and employees also include:
"Southampton University has operated a cycle to work scheme since 2010. Initially we used a different provider (Halfords), but switched to Cyclescheme in 2011 as it offered a much wider range of bikes."
University of Southampton
Read the case study"I can tell who's cycled to work because they walk into work looking fresher, calmer and happier."
Abel & Cole
Read the case study"I would recommend cycling to everyone, it's great to see how it has taken off in the office."
Malcolm Hollis
Read the case study"Employees have found this hugely beneficial and have really enjoyed it."
Sellafield Ltd
Read the case study"Every week I talk to staff who have participated in the scheme and it's clear that it has had a really positive impact on the lives of many who work here."
NHS Forth Valley
Read the case studyJust some of the 50,000 employers who have signed up to Cyclescheme
Want to learn more?
Still wondering “How does the cycle to work scheme work?” Whether you need further guidance on how to manage a cycle to work scheme or have any other questions, you can get in touch with us through one of the options below.
Webinar
Have your questions answered by our specialists at one of our weekly live webinars
Request a call
Let us know if you'd like to chat about the scheme with one of our sales agents
Request a brochure
Download our brochure for everything you need to know about the cycle to work scheme
Webinar
Have your questions answered by our specialists at one of our weekly live webinars
Request a call
Let us know if you'd like to chat about the scheme with one of our sales agents
Request a brochure
Download our brochure for everything you need to know about the cycle to work scheme
Cycle to work scheme setup for employers
Here's how to set up a cycle to work scheme account with Cyclescheme. To sign up, you need:
You need to be a decision maker and have the right to enter into a legal agreement on behalf of the business or organisation you work for.
Colleagues must be paid via the Pay As You Earn (PAYE) system; unfortunately you can’t register if you self-assess your tax returns.
Signing up to Cyclescheme is quick and easy – it’s handy (but not essential) to have your VAT number to hand.
