Cyclescheme
Get a bike for work the easy way
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Welcome to Cyclescheme, the UK’s number one provider of tax free bikes for work through independent bike shops. We are very pleased to help you with information on one of the best government tax breaks so far. Our frequently asked questions should cover most queries on the general running of the scheme, and you can use our partner finder to see where your nearest participating shops are.
Once you have requested a secure certificate, your employer confirms eligibility and approves the request. Cyclescheme will send them an invoice for the bike package, and a hire agreement is sent to you to sign. As soon as the bike is paid for, the secure certificate is sent to you. Your hire payments are deducted from your gross monthly salary. At the end of the hire period your employer has the option to offer the bike to you. If you want the bike you pay a Fair Market Value payment to own it outright. You contact your chosen bike shop to arrange collection. You'll be asked for photographic ID when collecting the bike and equipment. |
Help your employer help you!
A cycle to work scheme is a great incentive for employees, and companies can save money too - every bike processed through the scheme means an employer's National Insurance saving. Everybody wins, and it's time to let your employer know!
PAYE only - sorry
Your employer has to be willing to run the scheme before you can get your bike. This is because the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods – in this case a bike and equipment.
The scheme is available to UK tax payers who pay PAYE. Please note that the self-employed cannot take part in the scheme.
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