The Cycle to Work scheme is an initiative that encourages employees to cycle to work, promoting a healthier lifestyle and reducing environmental impact. Here's a general overview of how the scheme typically works:
Employees can use the scheme annually to buy more bikes or spread the cost of future parts, accessories and upgrades.
Green Commute Initiative, Cyclescheme, Gogeta, Vivup, My Benefits World, Cycle Solutions, Bike2Work from June 2024 Cycle2Work and also from Autumn 2024 Caboodle.
Green Commute Initiative is the industry-leading and award-winning Cycle to Work Scheme provider with no spend limits and no ownership fees. You can save from 28-47% (depending on your tax rate). Pay monthly through salary sacrifice with no added interest with payment periods ranging from 3 to 60 months. Get any type of cycle through GCI and help reduce congestion and pollution whilst improving your health, fitness and mental wellbeing. When more people cycle for short journeys, everyone wins.
Calculate your saving using the Green Commute Initiative calculator found on this PAGE
These guys do things differently & are not like your average tax-free cycling provider, they offer unbeatable value, they have swift easy admin and offer 24/7 support to employers, employees and retailers alike.
From 12th June 2024 you are now able to use a Cycle2Work voucher when purchasing from The Electric Bike Shop, this scheme is also know as Halfords Cycle2Work. If you have a Cycle2Work voucher this can be used in store or via our Customer Service Team, we aren't able to accept these online.
Other Schemes Accepted
Cyclescheme customers can complete their Cycle to Work order online - all you have to do is enter your voucher details during the checkout process and choose payment method as 'Redeem Cycle to Work Scheme'.
Gogeta, Cycle2Work, Green Commute, VIVUP, My Benefits World, Cycle Solutions, Caboodle and Bike2Work customers please contact our Customer Services Team to place your order as we currently can't accept these vouchers online.
There are some kinds of items which aren't available to buy using a cycle to work voucher. If you add these items to your basket, you won't be able to complete your order online. Generally, these cover non-essential riding gear. For example, electronics such as cycle computers and ride trackers.
This couldn't be simpler. Just pop into one of our stores to purchase your new bike and accessories. Our team will be on hand to support you throughout the whole process.
Some schemes may incur a single 5% build & handling charge for full priced bikes.
There is no build and handling charge for customers using a GoGeta or CycleScheme voucher.
Reduced bikes purchased via a Cycle To Work scheme will normally incur a single 5% build & handling charge, for some schemes this is set at 10%, please contact our team or your local store for more information.
There is no build and handling charge for customers using a GoGeta or CycleScheme voucher.
Savings are typically 30- 45% . Higher rate tax payers save the most. Additionally, the employer saves 13.8% on Employers National Insurance and may well be able to claim capital allowance on the purchase too.
The process for buying a bike is quite simple. If your employer is signed up to one of the schemes listed, we can help you.
How much can I save?
Example with an order total of £3248 based on a higher rate tax payer.
Breakdown
Bike Cost £2999
Accessory Cost £249
Total Cost =
£3248
Cost Per Month (Salary Sacrifice)= £171.54 over
12
months.
Total Savings = £1490.58 or 43.25%
The Cycle to Work scheme is an initiative that encourages employees to cycle to work, promoting a healthier lifestyle and reducing environmental impact. Here's a general overview of how the scheme typically works:
Some scheme commission charges are so high we have to add a small build and handing charge to make it worthwhile for us. Not all schemes attract this charge though. Please contact us for further information.
Bikes and accessories reduced from the full RRP when using some schemes are subject to a 5% of voucher total charge for some schemes this is set at 10%. Eg: a sale item purchased with a £1000 voucher will be subject to a £50 build & handling charge.
Discount codes cannot be applied against Cycle to Work orders.
| Provider | Collection Timescales |
| Cyclescheme | After we process your voucher |
| Cycle2Work | After we process your voucher |
| Vivup | When we receive funds from provider |
| Gogeta | After we process your voucher |
| Bike2Work | After we process your voucher |
| Cycle Solutions | After we process your voucher |
| Green Commute Initiative | After we process your voucher |
| My Benefits World | When we receive funds from provider |
| Caboodle | When we receive funds from provider |
Some scheme providers take a few days to transfer us funds, we are sorry but we cannot release your bike away until cleared payment has been received, our team will keep you updated.
To be eligible for Cycle to Work you must be paid via PAYE and be a fulltime, working adult aged 16 or over. Your employer needs to be signed up and your earnings should be more than the National Living Wage (NLW) or National Minimum Wage (NMW) after the salary sacrifice is taken from your gross salary.
The value of your bike and accessories (incl VAT where applied) are deducted from your gross salary so you effectively pay less tax. Cumulatively, per month over the hire period, those tax savings add up to a total saving of between 30-42% (typically) on the retail price of the bike and accessories. Contact your cycle to work scheme operator for a precise quote as how much you can save is dependent on your personal circumstances. Higher rate tax payers will save more.
You can get whatever you need to keep you in the saddle and cycle commuting regularly. Including any type of bike, e-bike or cycle with at least 2 wheels.
Yes, but bear in mind your employer may set an upper limit and your voucher MUST cover the total cost of your purchase.
Yes you can. You can create your own quote online via most Cycle To Work scheme website.
No, your voucher must cover the total value of your purchase.
The bike must be for you, i.e. not for your spouse or children.
Yes you can choose as many accessories you need, any items that are going to help you and your bike arrive at work (warm, safe and secure) are essentially allowable
A helmet, child seat, cycle specific clothing or lock etc, your voucher however must cover the total cost of your purchase.
However some items can't be included as part of your order - these are:
Yes you can but some accessories are not allowed. See bullet points above. Contact us or your scheme provider if you need help with this.
No, we can't apply a voucher to your order retrospectively after full payment has been taken. IMPORTANT: You must inform us you wish to purchase via Cycle to Work at the point or order
No, your whole voucher value is redeemed at the point of payment
No, we can't do that. Sorry.
From 12th June 2024 we now accept Halfords Cycle2Work voucher, please contact us for more information.
