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Cycle 2 Work Bike Salary Sacrifice Scheme

Save Money on buying a bike

If you don't have a bike, or one suitable for commuting to work, it might be possible for you to get one through a Cycle to Work scheme run by your employer,and pay for this in instalments straight from your salary.

Your employer has to be running a scheme before you can get your bike as the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods - in this case a bike and equipment.

 

The scheme is available to UK tax payers who pay PAYE, as the discount you benefit from is from Income Tax relief on the amount you borrow. You could save up to 42% of the amount you borrow through a scheme like this.

 

If you don't know whether your employer is already running a Cycle to Work scheme you could contact your HR, Payroll or Travel Plan team at your workplace to find out.   

 

Cyclo Monster accepts vouchers from:

Bike2Work scheme

CycleScheme.co.uk (Shop Code: CYCLO007)

NHS SME HCI Schemes

Salary Exchange

Cycle Plus

On Yer Bike

Salary Extra's

Halfords Bike to Work Scheme.

Green Cycle Commute

 

 

 All quotes will be issued at the full Recommended Retail Price (RRP), unless otherwise agreed.Depending on your companies agreement with the cyclescheme it may be possible to purchase a bike over £1000, we can advise on your companies scheme limits.

 

Bikes not collected instore will incure a £30 shipping, packaging and handling fee, payable at time of order. We do not charge any other additional fees.

 

Call in or get in touch to find and more.