Refreshed Cycle to Work Scheme guidance a boost for cycling
The Cycle to Work Alliance, in collaboration with senior transport, environmental and health leaders, has today welcomed the government's update to the Cycle to Work Scheme.
Cycles scheme is an employee benefit that saves you 25-39% on a bike and accessories (or even more with the offers. You pay nothing upfront and the payments are taken tax efficiently from your salary by your employer.
Tax is complicated; the cycle to work scheme is not. You choose a bike, hire it for an agreed length of time, then snap it up for a fraction of its original value. It's like a year-round sale, with interest-free credit available.