Why should you cycle to work?
Commuting by bike has many benefits including reducing your carbon footprint, improving your fitness and saving you money. With the rising cost of fuel, countless road works and congestion, there's never been a better time to start commuting by bike. We accept Cycle to Work vouchers or offer 0% finance over 12 months to get you commuting by bike
How does it work?
In essence, your employer buys a bike for you to ride to work and you ‘hire’ it through salary sacrifice (which is where you save by not paying tax and National Insurance contributions on the monthly fees). At the end of the ‘hire’ period, you are usually offered the option to buy the bike from your employer
Due to the way cycle schemes operate we may charge an admin fee to cover part of the fees the scheme incurs for us to provide them. The admin fee is based on the total value quoted for your bike and any accessories. The admin fee is subsidised by us so you're not paying for the total cost of the scheme, just a small percent.
If the bike is on sale then it is up to the managers discretion whether there will be an admin fee applicable.
Green Commute Initiative & Cyclescheme.co.uk
There is no admin fee on Green Commute Initiative & cycle scheme.co.uk. If your company hasn't picked a scheme yet, we recommend Green Initiative.
Cycle2work, Cycle solutions, Caboodle, Bike2Work
For all other cycles schemes we charge a 5% admin fee. E.G you want a bike that costs £1000, we will charge you a £50 deposit to hold the bike while your vouchers is arranged. Your voucher will still need to be for £1000.
Cycle schemes can be used in conjunction with existing offers but will incur an admin fee to cover our fees. Please speak to a member of staff to confirm, each scheme will be different.