Cycle to Work Changes

Cycle to Work Changes

A new ruling on Cycle to Work was scheme announced yesterday. This will potentially see an increase in how much any bike purchased through the scheme may end up costing you, so act quickly and get your order in early to ensure you get the best deal possible.

A bit about the Cycle to Work scheme

Cycle to work is a government scheme designed to encourage more people to ride a bike to work. So, how does it work? Essentially, your employer can buy any bike up to £1000 value, and lease it to you via tax free monthly repayments taken direct from your salary. At the end of a 12 month period you buy the bike back off your employer for a nominal value. This process reduces both the tax and National Insurance you pay, generating savings of up to 40% on the cost of your new bike. And as an extra incentive we are able to take C2W orders for bikes over the £1000 mark and accept an additional on the spot payment!

You don’t have to settle for any bike either; we’ve got a range of incredible spec bikes for under a grand, some of which are almost too nice to ride to work!

See below our current Cycle to Work favourites:

Cycle to work SL Pro Flat

Pompino Kojak- £599 High spec slick tyres drop bar fixie for fast city streets
Pro Carbon Flat Bar- £899 Full carbon race frame, SRAM Rival kit- fast and nimble.
Team Alu SRAM Rival- £999 Fully fledged alloy road racer with SRAM Rival
Pro Carbon Rival- £999 Our best selling carbon road bike. Incredible value!
Stealth Rival- £999 Race ready time trial / triathlon bike with aero bars.

A brief overview of the scheme:

1. Get your employer to contact us for help on signing up.

2. Discuss options with your employer to get the biggest savings for you.

3. Persuade your employer to sign up to the cycle to work scheme.

4. Choose your bike.

5. Request a payment certificate

which will arrive with yourself as soon as your employer has completed the paperwork and paid for the bike, which will only take a couple of weeks,.

6. Send the certificate to us

as soon as we receive it, (we will contact you and let you know when you will expect your shiny new bike).

Click here to read about the scheme in more detail.
When you buy your cycle to work bike with us, we’ll also give you a great deal on accessories.

Cycling to work has the following benefits for employers

- Reduce lateness
- Encourages a healthier workforce
- Reduce employee sick days
- Reduce CO2 emissions
- Enhances companies green credentials
- Encourages retention of staff, as they are less likely to leave while the cycle to work period is in place

Ask your employer to sign up today, to make sure you get the best possible deal.

More info

More information of the scheme can be found here
Have a read some frequently asked questions here

Call our customer service team for any questions regarding cycle to work:
+44 (0)1709 38 66 66

28 July 2011

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