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Cyclo Monster Bike Shop Derby Supported schemes

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 installments straight from your salary.

Your employer has to be running a cycle scheme before you can get your bike as the bike 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 scheme you could contact your HR, Payroll or Travel Plan team at your workplace to find out.

If your company doesn't run a cycle scheme and wants to better understand how the system works we have a guide here Cycle Scheme benefits for employers and are happy to discuss or visit the site with bikes, literature and possibly some sweets :-)

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

Cycle Solutions

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

Bikes not collected in-store will incur a £35 shipping, packaging and handling fee, payable at the time of order.

Halfords vouchers will incur an administration fee. Staff will advise on costs where necessary.

Call in or get in touch to find and more.