CYCLE TO WORK
We will soon be accepting vouchers for all UK Cycle to Work schemes.
Cycle To Work schemes are aimed at helping individuals save money while commuting to work with a brand-new bike. You can split the cost of the bike into tax-free monthly payments facilitated by your employer, and enjoy savings ranging from 32% to 47% on the purchase of a new bike!
Simply select your desired bicycle, lease it from your employer for an agreed-upon duration, and afterward, buy it at a significantly reduced price.
The process is straightforward: we invoice the employer, deliver the bike, and the employee begins repaying the employer on a monthly basis.
What is it?
Employees get bikes and accessories through their employer, paying for them from their salary over time.
Benefits:
- Save money on bikes and accessories.
- Improve health by cycling.
- Reduce carbon emissions.
Eligibility:
- Most employees receiving a salary through PAYE can join.
- Employers must be registered for PAYE.
How it Works:
- Choose a bike and accessories from a participating retailer.
- Employer buys them and leases them to you through salary sacrifice.
- Pay for them from your salary over an agreed period.
Limits and Restrictions:
- Usually a spending limit set by the employer.
- Bike should be used mainly for commuting.
How to Join:
- Check with your employer if they offer the scheme.
- Contact us either by Telephone 0333 090 8886 or by emailing (info@pedalevolution.com)
Cycle Scheme is an employee benefit that saves you 25-39% on a bike and accessories. You pay nothing upfront and the payments are taken tax efficiently from your salary by your employer.
Contact us on 0333 090 8886 or email info@pedalevolution.com to find out more.
