Cycle to Work Scheme
Purchase a Bike through your Workplace for Less.....
The Cycle to Work Scheme was introduced more than 20 years ago and is a UK Government Tax Exemption Initiative. We are very happy to be part of this Scheme.
The idea is to promote healthier work journeys whilst reducing environmental pollution - allowing Employers to lease* cycles and safety equipment to Employees as a tax-free benefit.
We have ongoing trading agreements with the following Providers:
The basis of this Scheme allows you to purchase a bike via your Employer and the Scheme Provider. It enables you to get yourself a shiny new bicycle for use as exercise, from your Pre-tax and Pre-National Insurance earnings. This will give you a saving of approximately 25 to 39 per cent on your purchase, depending upon your personal tax situation. Your Employer will arrange a payment programme for you, this is usually spread over a 12 month period. The upper price limit for a purchase currently stands at £3000.
As a bike retailer, we do not get involved with the payment process - you will need to discuss the details, calculations and guidelines with your Employer. However, we do provide your bicycle direct, so collection would be from us once the payment process is complete.
Once you have discussed the Scheme details with your Employer, please pop by to talk through your bike needs, check out what we have in stock / becoming available and take a test ride......
* the bicycle belongs to you after a set period of time