For the Employee
How the scheme works

You will be loaned a bicycle and in return agree to a monthly
reduction in your gross salary (a Salary Sacrifice) for the use of
the bicycle during the loan period.

We run the scheme for 12 months where you can take advantage of up to £1000 of benefit. At the end of the term, you will be offered the option of either buying or returning the bicycle for a nominal payment. The scheme works this way to take advantage of the specific tax legislation within the 1999 Finance Act.

We can supply almost all major brands available in the UK through either mail order or through our national network of local bike shops.

The Benefits

The Cycle to Work scheme allows you to enjoy the use of a top of the range bicycle at a saving of up to 50% off the typical retail price. Tax and National Insurance savings alone generate approximately 33%- 41% cost savings depending on your rate of taxation. You also spread the cost of the bicycle over the 12 month period whilst having the convenience of paying for it directly from your salary.