Cycling is one of the UK’s most popular recreational activities, and through the Cycle to Work Scheme, you can get a brand new bike and cycling accessories, such as hi-vis clothing, helmet, lights, and lock. You can also save tax and National Insurance at the same time. You can use the bike for any part of your commute and in your leisure time too.
Why choose the Cycle to Work Scheme?
With the cycle to work scheme, your employer leases the bike to you with salary deductions over 12 or 18 months.
We partner with Evans Cycles who offer a huge range of quality bikes and equipment at great prices. Evans Cycles have stores across the UK plus easy to use online ordering with Click & Collect or home delivery.
The salary sacrifice tax savings available via the Cycle to Work Scheme mean that you can save up to 42% on a wide range of cycling equipment and cycles (over 27,000 bikes from leading brands). You can spend from £100 up to £1000 with the scheme and make the savings as a result of reducing tax and National Insurance on the amount “sacrificed” from gross pay over 12 or 18 monthly instalments.
86% of employees believe cycling to work has led to health benefits including weight loss and reduced stress. It doesn’t just benefit existing cyclists; with more than 60% of scheme users stating they were a novice or occasional cyclists prior to joining the scheme, it really is a benefit for everyone.
The bike can be used for leisure riding as well as commuting.
* Cycle to Work Alliance Survey, December 2015