Cycle to work

A cycle-to-work scheme is an employee benefit program that encourages staff members to use bicycles for their daily commute. You spread the cost of the bike over monthly tax-free instalments through your employer. You don’t pay tax on a bike purchased via a cycle scheme so you could save as much as 40% on the cost of a new bike. The cost is often deducted from the employee's salary over a specified period, making it a more affordable and convenient option for many.