Cycle To Work Scheme

For more information or to sign up for the scheme, please visit www.cyclescheme.co.uk

Cyclescheme is the UK's number one provider of tax-free bikes for the Government's Cycle to Work initiative. Employees can make big savings on new bikes, employers get a healthier workforce and save money too! Cyclescheme helps employers of all sizes to set up and run successful Cycle to Work schemes.

There is no minimum or maximum company size necessary to sign up to the scheme. Eligible employees must: be paying PAYE, earn more than the National Minimum Wage after salary sacrifice, and have a contract that does not end during the hire period. Employees who earn close to the National Minimum Wage following salary sacrifice may wish to discuss with their employer the option of loan or pool bikes. There is no credit check for employees wishing to participate.
Under 18s can join the scheme if their guardian signs a guarantor agreement.

Cyclescheme’s core services are free of charge to employers. This includes customised Hire Agreements, Secure Vouchers and promotional materials needed to launch your scheme.

1) You visit either our participating Ashford or Cranbrook bike shops to select the bike and equipment that you want. You will be given a paper quote, and you can use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure voucher.
2) Once you have requested a secure voucher, 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 voucher is sent to you.
3) 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.
4) You contact your chosen bike shop to arrange collection. You'll be asked for photographic ID when collecting the bike and equipment.

1) You sign up with Cyclescheme; you're given access to their online system.
2) Employees visit either our participating Ashford or Cranbrook bike shops to select the bike and equipment that they want; they will be given a paper quote. They use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure voucher.
3) Once an employee requests a secure voucher, you confirm eligibility and approves the request. Cyclescheme will send you an invoice for the bike package, and a hire agreement is sent to the employee to sign.
4) As soon as the bike is paid for, the secure voucher is sent to the employee.
5) The employee contacts their chosen bike shop to arrange collection.
6) You reclaim VAT in the normal way (if applicable) and the balance of the bike is deducted via salary sacrifice. At the end of the hire period,the employee pays a Market Value payment to make the bike theirs. Cyclescheme can collect this payment for you.

Yes, we do. we also run Bike To Work Scheme. More information can be found at www.Bike2WorkScheme.co.uk