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Save at least 25% on a new bike!

Tax is complicated; Cyclescheme is not. You choose a bike, hire it for an agreed length of time, then snap it up for a fraction of its original value. It's like a year-round sale, with interest free credit available

Decide on the package that suits you:

  • Full package: Bike and accessories
  • Bike package: Bike with no extras
  • Accessory package: Ideal if you already have a bike

With your application approved and paid for by your employer, it’s time to exchange your Cyclescheme Certificate for your Cyclescheme package.

Your salary sacrifice and Hire Agreement now kicks in. For the next 12 months, you’ll pay a set amount from your salary each month in exchange for the hire of your Cyclescheme package from your employer.

The deduction is made from your gross salary, so you make income tax and national insurance savings of 32% if you're a standard rate tax payer, or 42% if you're a higher rate tax payer.

When the Hire Agreement and salary sacrifice ends, you can keep your Cyclescheme Package by making a final payment for just a small amount. 

For a Cyclescheme package under £500, you'll pay 3% of the original value; for a package over £500, it's 7% – so a maximum of £70 on a £1,000 package. The bike remains ‘hired’ for a further 36 months, but with no more monthly payments. Ownership can then officially be transferred to you at no extra cost.

For a personalised savings figure, visit Cyclescheme's calculator and enter your details.

We are official partners of each of the schemes below:

Cyclescheme

For more information click here.

Halford's Cycle 2 Work

For more information click here.

Bike to Work

For more information click here.