Cycle to Work scheme | Cyclescheme
The UK’s leading Cycle to Work scheme
Employees save between 26-40% on the new bike and accessories of their choice – and spread the cost interest-free. Cyclescheme is a salary sacrifice benefit which means employees exchange part of their salary for a non-cash benefit – in this case their new bike, accessories or both. It’s free for both your business and employees to join.
Cyclescheme creates more cyclists than any other Cycle to Work provider.
Any business of any size can sign up for free.
Employees save and your business does too.
Employees can shop at over 2,000 UK retailers.
Cycle to Work: make employees happier, healthier and more productive
What’s stopping your employees from cycling to work? Often it’s as simple as the cost of a bike and the kit that goes with it. Now you can empower your employees to get on their bikes and reap the health, wellbeing and financial rewards with Cyclescheme.
Employees who engage in active travel like cycling are happier, more productive in the workplace and take fewer sick days compared to their car driving colleagues. In fact, 82% of Cyclescheme participants said that they felt less stressed after cycle commuting*. Plus, employees who swap the car for cycling help to reduce congestion and emissions within your local area.
*2017 Cyclescheme survey of 1,000 participants.
What are the benefits?
High Impact - employees have a way to build better mental, physical and financial wellbeing.
Low effort - minimal approval and payroll admin. Plus, Cyclescheme handles the ownership process - so you don't have to.
Save money – your business saves up to 15% in Employer National Insurance Contributions on all spend through the scheme.
Business goals - actively supports business green and Corporate Social Responsibility goals.
Easy promotion - free marketing support to help you engage employees with your benefit.
Best in class - we get more adults in the UK cycling into work than any other scheme provider.
Save money – save 26-40% on the price through National Insurance and Income Tax reductions.
Get exactly what they need – a bike, a bike and accessories or just cycle accessories.
Ultimate choice – shop in-store, online or brand direct at over 2,000 retailers across the UK.
Spread the cost - interest-free from their salary before choosing an Ownership option.
Added value - 14 days free bike insurance, free access to Love to Ride and more.
Save money on an electric bike - perfect for new or returning riders, employees can obtain e-bikes through the scheme.
Cyclescheme retailer partners
How Cyclescheme works:
From start-ups with less than 10 employees to businesses with thousands, Cyclescheme suits organisations of any size. The only requirement? Employees must be paid via PAYE.
Sign up your business via Blackhawk Network Extras today and roll Cyclescheme out to your staff. Then, all it takes is 4 simple steps for employees to join your new benefit.
Create an account and request
Employees create their free Blackhawk Network Extras account and access Cyclescheme – plus, any other benefits you’ve selected – via single sign-on.
Your business chooses a Cyclescheme limit which is the maximum an employee can request. Employees then request the amount they would like to spend on a bike and accessories.
Approve and pay
Your business reviews, approves and pays for the request – and applies the salary sacrifice. Employees will repay the cost of their request from their salary interest-free over 12 months and benefit from National Insurance and Income Tax savings.
Get their cycling gear
Once approved, employees receive their Cyclescheme Certificate via email valued at the requested amount. This is ready to be redeemed in-store, online or brand direct at over 2,000 retailers nationwide.
Cyclescheme handles the end of hire process – so you don’t have to. Once an employee has made all salary repayments, they need to choose an Ownership option. Employees can keep their cycling kit by making a small one-off payment.
Ready to roll?
Sign your business up to Extras for free today. Alongside Cyclescheme, you’ll get bYond card and Extras Discounts as standard. Plus, you can pick from a range of leading voluntary benefits to build a flexible employee benefits package that’s personalised for your workforce.
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