Would you like a half price bicycle ?
Who are Cyclescheme?
Cyclescheme are an independent company created to help both employers and employees make the most of the Green Transport Plan Initiative and associated tax concessions offered by the Chancellor. Under this agreement, employees who have contracts of employment that outlast the duration of the salary sacrifice (pay back) period can benefit from obtaining a tax-free bike and accessories (safety equipment). Employees must be over 18 years old and have exceeded the employer's probationary period (if applicable). Employees must pay tax via the PAYE system.
Cyclescheme customers are not limited to any particular bike or accessory brand and therefore can choose the best for quality and value-for-money. This results in the best package of bike, accessories and safety equipment. Cyclescheme work with Employers, under this arrangement, to ensure that Hire Agreement terms and conditions are written in full compliance with the Office of Fair Trading, Her Majesty's Revenue & Customs, Trading Standards and the Department for Transport regulations.
The scheme is a voucher scheme and you will need to apply for a voucher to redeem against your goods when you collect them from the bike shop. To obtain your voucher you will first need to get your employer on board with Cyclescheme. We can send them an email pack containing a contract and general details onrunning the scheme.