Everything You Need To Know About Cycle To Work | Tredz | Online Bike Experts

CYCLE TO WORK SCHEME

Save Up To 42% Off The Price Of A New Bike, Clothing, And/Or Cycling Equipment
The Cycle to Work Scheme is a UK government supported tax initiative that promotes sustainable transport by making bikes and cycling gear more affordable to PAYE Employees through a salary sacrifice scheme. The scheme encourages participants health and enables cycling for fitness and fun, as well as reducing the cost of cycling equipment.

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Cycle To Work - Key Benefits
Affordable Ownership:

Cycle to Work is salary sacrifice scheme that enables employees to get a bike and/or cycling equipment at a reduced cost. Through this arrangement, the bike and equipment are owned by the company till the end of the term, leasing it to the employee for commuting and recreational purposes. The lease lasts for a set period after which ownership can be transferred, or the lease extended at no extra cost to the employee. Click here for end of lease options.

Tax Savings:

The key benefit for the employee is in the tax savings. The salary sacrificed towards the cost of the bike and equipment is taken from the employee's gross salary before Income Tax and National Insurance contributions. Consequently, this leads to reduced Income Tax and National Insurance payments, potentially saving the employee 28%, 42% or 47% on the overall cost of the bike and/or equipment depending on Income Tax band.

Pay in Instalments

Another advantage for the employee is the convenience of making monthly repayments throughout the typical agreement period of 12, 18 or 24 months, depending on the scheme and the employer. This approach spreads the expense of the bike and/or equipment, significantly enhancing the affordability of cycling. By breaking down the cost over time, cycling becomes a manageable and accessible option.

Health and Well-being:

The advantages of cycling for health and overall well-being are extensive. Individuals who incorporate cycling into their routine experience improved fitness and better health. Moreover, those who cycle to work often exhibit higher levels of productivity and contentment, knowing they are actively contributing to a cleaner, more sustainable environment. Participants in the Scheme also enjoy the added benefit of using their bikes and cycling equipment during leisure time, further enhancing these positive outcomes.

Wide Choice of Bikes, Clothing & Equipment:

Tredz are registered with all of the top Cycle to Work schemes, providing an extensive array of bicycles and cycling equipment. Our team of expert advisors are dedicated to assisting you in navigating the scheme and selecting the ideal bike and gear to suit your needs.

The Cycle to Work scheme has effectively promoted cycling as a greener and healthier commuting option, while offering financial benefits to employees. It stands as a win-win initiative, benefiting both individuals seeking cost-effective transport options and the environment through reduced pollution and carbon emissions.

[olympusmons]

This is all the positives and non of then negatives, Bike ownership, employer can send it back, what happens if you leave, fee for transfer at the end, etc

[dalebelfield]

This company is brilliant and the quick startup guide awesome on the road within 10 minutes fantastic thanks again and the mechanic who set up my bike 🚴

[petercooling]

What happens if you leave the company?

[vdgrass]

thanks a lot for the however Rob's body movement is annoying, sorry to mention....

[jacekratajczak]

Whats next if my hire agreement after 12 months is finished?Can i keep the bike?

[HannahMorganMusic]

That was really helpful! Diolch yn fawr 🙌

[UnitedKingdomRC]

I think this is a big scam, no one wants to talk about you not actually owning the bike, and that you can buy the bike at the end of it for X amount… why not be clear on it unless it’s dodgy.

[Yvanylda]

🤔
Why not put money aside and buy a bike? With this scheme, the bike will not belong to me, until I pay for it (12 months). It will belongs to the Company.

No thanks!