Cycle to Work scheme

The Cycle to Work scheme is a program where employees can purchase a bicycle and related accessories through their employer as a tax-efficient benefit. The cost is deducted from their salary before tax, which can reduce the overall expense. This encourages healthier commuting options, reduces environmental impact, and often results in savings compared to buying outright. Typically, the employer owns the bike during the lease period and may offer maintenance services. After the agreement, employees may have options to buy the bike outright or return it. It’s a popular way to promote sustainable travel and support employee wellbeing.