SAVE UP TO 39% OFF A NEW BIKE WITH CYCLE TO WORK SCHEME
Cycling to work brings enormous benefits to both an individual’s physical and mental health. Using a bike to get to work can easily slot into everyday lives whilst making a huge difference to an individual’s life. On top of this helps reduce the amount of Nitrogen Dioxide and diesel particulates in the air as we all want to see our environment recover from the pollution generated by thousands of needless car journeys.
The Cycle to Work scheme introduced in the 1999 Finance Act introduced an annual tax exemption allows employers to loan cycles and cyclists' safety equipment to employees as a tax-free benefit.
We work with a multiple of providers who carry out the administration of the scheme if your company is not able to provide it in house using salary sacrifice.
These providers are CycleScheme, Green Commute Initiative and Bike2WorkScheme.co.uk
Please note, we do not accept Halfords Cycle2Work scheme vouchers.
We can only offer the Cycle to Work scheme on full price bikes.
A salary sacrifice arrangement cannot be used if in doing so the employee’s gross salary drops below National Minimum Wage. To avoid this, you should choose a bike under and/or request a longer salary sacrifice period.
A salary sacrifice arrangement cannot be used if in doing so the employee’s gross salary drops below National Minimum Wage. Please check and resubmit your calculation or refer to your HR / Benefits Team to check your eligibility for the scheme.
The cycle to work saving is made from repaying your employer from your gross saving. To make this saving you much be paid above the tax threshold of £12,570. Therefore, you should choose a bike under and/or request a longer salary sacrifice period.
*The GCI savings calculator can only give an indication of your potential saving as your personal circumstances may cause it to differ.
A salary sacrifice arrangement cannot be used if in doing so the employee’s gross salary drops below National Minimum Wage. To avoid this, you should choose a bike under and/or request a longer salary sacrifice period.
