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Cycle to work scheme

cycleschemeCycling to work helps you stay fit and healthy, burns a lot of calories, and reduces your carbon footprint too.

With Cyclescheme, you can get a tax-free bike, which for most people means they save on average about 40% of the cost. .

 

cycle_plusHow does cycle-plus work?
Cycle-plus is a salary sacrifice scheme where employees can agree a sum to be deducted from their gross salary each month over a 12 or 18 month period in order to purchase a bike and safety equipment up to the value of £1,000 for commuting, work related activities and leisure. They will be able to save on income tax andNational Insurance that would otherwise have been payable.

 

1 Employer registers with Bike 2 Work Scheme

2 Employee visits one of our partner bike shops to make their selection and obtain a written quote

3 Employee presents written quotation to the employer for authorisation

4 Employer provides authorisation to Bike 2 Work Scheme

5 Employer makes payment to Bike 2 Work Scheme as per initial written quotation

6 Bike 2 Work Scheme issues voucher to employee

7 Employee presents voucher at the relevant bike shop and collects their chosen bike / equipment

8 Employee's Interest Free monthly payments commence

OnYourBike have provided Cycle to Work to hundreds of organisations across the country of all shapes and sizes and our winning formula stems from our tailor made approach. From this page you can see how it works, the benefits of choosing OnYourBike and the Scheme Guidelines. You can also access our simple registration form to get set up straight away

 

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