FITNESS EDIT
The key to successfully using the Cycle to Work Scheme is to use a provider which is best suited to your needs. Not-for-profit provider, Green Commute Initiative (GCI) has no spend limits or ownership fees, enabling users to make the maximum possible savings available to them.
Any type of bike
With no spend limits, you can get any type of bike suited to your needs. This includes ebikes, cargo bikes, the usual pedal cycles and secondhand bikes (with warranty). Ebike conversion kits are also allowed and you can even get a Brompton bike on 12 or 18 month subscription.
How does it work?
To access the scheme, you must be employed and on PAYE. Your employer must agree to pay for the scheme voucher upfront, whom you repay directly from your gross pay (before you’ve paid any tax). This means you save the tax and NI on the value of the bike; the amount you save depends on your tax bracket.
CYCLE NOW, PAY LATER!
The Cycle to Work Scheme is an employee benefit which is currently in high demand due to the enormous benefits it brings to users. It’s never been easier to get fit on your way to work!
• Save between 30 – 47% on any type of bike
• Access to affordable travel options during the cost-of-living crisis
• Get fitter and healthier in both mind and body • Incorporate exercise into your daily routine – no need to hit the gym after work
• Arrive at work feeling energised, motivated and ready to face the day
• Combat climate change by using sustainable transport for everyday journeys
• Help employers to achieve their net-zero goals
Cycling to work brings significant financial savings over using a car – no fuel costs, expensive insurance, servicing or tax.
More people cycling means roads will become safer, less congested and easier to use for those that need to. The quality of the air we breathe will improve, and our mental and physical health will benefit, as will the health of planet Earth.