Cycle To Work
Cycle to work scheme – a great big green benefit
Keep healthy and save the planet with great savings on great bikes. Choose from small independent bike shops to national chains
How the cycle to work scheme works for the employee
The cycle to work scheme offers a chance to own really great cycles and safety equipment at affordable prices
Choose the cycle and safety equipment you want at the retailer you want
Your employer buys the equipment and rents it back to you, you then repay your employer over a fixed length of time
no credit checks
How you save using the cycle to work scheme
You save Tax and NI on your repayments, from 32% to 47%*
You save on transport costs, parking, fuel and servicing costs
You get the keenest prices for the cycle of your dreams
You get fitter, more productive, healthier
An example of cycle to work scheme savings**
Specialized Crosstrail, in black, with safety equipment RRP £1000.00 inc Vat***
Savings of £320.00 in Tax and NI and is unaffected by the changes to salary sacrifice in 2017
An on the road price of £680.00 but may be subject to a Fair Market Value payment ****
* this varies dependant on Tax and NI levels
** savings vary from retailer to retailer, the above assumes no preferential discounts and may be subject to a Fair Market Value payment
*** Make sure you have adequate insurance to cover loss or damage, either one of your own choice or one suggested by Enjoy Benefits here
**** Fair Market Value depends on the value of the bike and the choices your employer makes on how the scheme is run, and can vary from 0% to 25%
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