Cycle to Work Scheme
Unlock Savings and Green Commutes with the Cycle to Work Scheme
Imagine saving up to 40-50% on your dream bike while contributing to a greener, healthier future for your daily work commute. It's all possible through your company's Cycle to Work Scheme. This initiative, introduced in the 1999 Finance Act, isn't just about biking; it's a significant step towards promoting healthier work journeys and reducing environmental pollution. The government's 'Green Transport Plan' is where you can revolutionise your daily work commute and save big at the same time.
4 Easy Steps
- Choose your bike on Eco Electric Bikes
- Your employer places an order with a Cycle Scheme provider
We can help if your employer doesn't use a scheme - contact us
- The Cycle Scheme provider places an order with Eco Electric Bikes
- Your chosen E-Bike is delivered directly to your door
Picture this: you can own your dream bike and save around 40-50% in the process, all while enjoying a tax-free ride to work. That's the beauty of the Cycle to Work Scheme, a program that allows employees to purchase bikes from their pre-tax salary. The savings are substantial, and they get even better if you're a high-rate taxpayer.
Setting up the Cycle to Work Scheme in your company is a breeze, and it usually operates through a straightforward salary sacrifice plan spanning twelve months. This setup benefits employees as they spread the cost of their tax-free bike over a year. For companies, it's a win-win situation: they provide a highly sought-after employee benefit while trimming their National Insurance contributions. Plus, there are bonuses for the environment, employee well-being, and reduced absenteeism.