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Cycle To Work Scheme

The Cycle to Work scheme is a tax exemption which allows employers to provide employees with bicycles and accessories as a tax-free benefit. The Cycle to Work scheme is part of the Government's Green Transport Plan, promoting healthier journeys to work and reducing environmental pollution.

Operating via salary sacrifice, payment for the bicycle by the employee is by way of deductions from gross pay, typically spread over 12 months. This gives rise to tax and National Insurance savings for the employee and National Insurance savings for the employer too.

The savings achieved are dependent on individual circumstances.

The Government has recently revised the cheme to allow for cycling packages above £1000 to be obtained using the scheme..The limit is determined by the employer.so you need to check what your employer will allow .

We work with a number of cycle to work scheme providers including Cyclescheme (https://www.cyclescheme.co.uk/)and Green Commute Initiative- cut and paste this link-(GreenCommuteInitiative-Any-Price-Any-Bike-Cycle2Work.uk)as well as with employers who manage the scheme in house.

The web sites shown above all contain information about the scheme and what is involved for the employer and employee. If you would like further information then please contact either of our stores or mail us at sales@cyclesport-lincs.com and we will try to answer any questions you might have.