Cyclescheme 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 in over 2,000 retailers nationwide