Cycle Scheme
Save 25% — 39% on a new bike with Cyclescheme. Spread the cost of a new bike, interest-free & with zero up-front costs. Payments are taken for your new ride out of your gross salary. The process is simple, government-approved and flexible enough for you to choose repayment options which suit you.
Cycle Scheme
Save 25% — 39% on a new bike with Cyclescheme. Spread the cost of a new bike, interest-free & with zero up-front costs. Payments are taken for your new ride out of your gross salary. The process is simple, government-approved and flexible enough for you to choose repayment options which suit you.
How does Cyclescheme work?
The simplest explanation is that Cyclescheme acts as an employee benefit, in the form of a salary sacrifice.
This means that you agree to give up part of your salary in exchange for a benefit – in this instance the benefit is a bike and/or accessories. The salary sacrifice is taken from your gross salary (before tax) which means that you will pay less Income Tax and National insurance.
It is worth noting that there is no credit check if you wish to participate, and if you are under 18 you can join the scheme if your guardian signs a guarantor agreement. Being on probation should not affect your eligibility — if you are unsure, please check with your employer.
Cyclescheme have produced a particularly helpful video to help explain this.
How can I save?
Step 1 Get your certificate from Cyclescheme.
Step 2 Choose your items.
You can choose Bikes, Clothing, Equipment and Accessories. Anything that'll help you stay dry (it is the UK, after all), comfortable and stay safe during your ride.
Step 3 Checkout as usual, choosing "Cyclescheme" as the payment method.
Make sure you've spent as much of your certificate value as possible, you won't be able to use it at a later date!
Step 4 During the payment stage of the checkout, enter your certificate & redemption codes, then click the "pay" button.
We'll verify your codes with Cyclescheme and ensure your certificate is valid.
Step 5 Order confirmation!
Assuming your certificate details were valid (and you didn't get too enthusiastic and over-spend on your certificate value — it happens), we'll complete your order (like any other payment method) and depending on your delivery method, you'll be notified when your order is dispatched or ready for collection.
Request your Cyclescheme certificate