Cyclescheme is the UK's number one provider of tax-free bikes for the Government's Cycle to Work initiative. It's a brilliant programme where everyone wins - employees make big savings on new bikes, employers get a healthier workforce and save money too! Cyclescheme has a great track record in helping employers of all sizes to set up and run successful Cycle to Work schemes. Our innovative online system is simple to use.
You sign up with Cyclescheme; you're given access to our online system.
Employees visit one of over 1,000 participating bike shops to select the bike and equipment that they want; they will be given a paper quote. They use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure voucher.
Once an employee requests a secure voucher, you confirm eligibility and approves the request. Cyclescheme will send you an invoice for the bike package, and a hire agreement is sent to the employee to sign.
As soon as the bike is paid for, the secure voucher is sent to the employee.
The employee contacts their chosen bike shop to arrange collection.
You reclaim VAT in the normal way (if applicable) and the balance of the bike is deducted via salary sacrifice. At the end of the hire period, the employee pays a Fair Market Value payment to make the bike theirs. Cyclescheme can collect this payment for you.
To find out more about the scheme, you can download our employer brochure and flow chat below. You'll need to enter some basic company details to complete the download.
When you're ready, you can click here to register,
(If the above link does not work copy and paste this link into your browser bar.)
You visit us in store at John M. Hanna Cycles select the bike and equipment that you want. You will be given a paper quote, and you can use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure voucher.
Once you have requested a secure voucher, your employer confirms eligibility and approves the request. Cyclescheme will send them an invoice for the bike package, and a hire agreement is sent to you to sign. As soon as the bike is paid for, the secure voucher is sent to you.
Your hire payments are deducted from your gross monthly salary. At the end of the hire period you pay a Fair Market Value payment to own the bike outright.
You contact John M Hanna cycles to arrange collection. You'll be asked for photographic ID when collecting the bike and equipment.
A cycle to work scheme is a great incentive for employees, and companies can save money too - every bike processed through the scheme means an employer's National Insurance saving. Everybody wins, and it's time to let your employer know!
We have a full information pack to give to your employer when they contact us on your behalf, which will tell them all about how the scheme operates. The good news: once your employer is on board we help them administer the scheme and you should be on two shiny new wheels before you can say “where are my cycle clips?”.