Cycle to Work Schemes

To promote healthier journeys to work and to reduce environmental pollution the Government introduced the Cycle To Work scheme as a tax-exempt employee benefit, operated predominantly through the salary sacrifice mechanism, which provides an affordable and cost-efficient way to encourage individuals to take-up cycling.

The Cycle to work Scheme encourages employers to loan bicycles and cycling safety equipment to employees for the purposes of cycling to, from and at work and allows employers to reap the benefits of a healthier workforce.

The cost savings for UK employees purchasing a Bicycle up to £1000  is that they save the Income Tax and NI, which can be between 32% to 42% dependent on their PAYE Tax Bracket. 

OCC now have access to a Cycle to Work Scheme which does not have any limit. Its called the Green Commute Initiative. Call us for more details on this scheme

Dependent on the individual employer, Saftey equipment such as listed below is often also eligible.

  • Cycle helmets which conform to European standard EN 1078
  • Bells and bulb horns
  • Saftey Lights
  • Mudguards
  • Reflective clothing
  • Panniers, luggage carriers 
  • Child safety seats
  • Locks and chains 
  • Pumps, puncture repair kits, cycle tool kits

Oakham Cycle Centre can help with advice, schemes and purchases and is involved with three of the main scheme providers.

Do get in touch to assess your eligibility

Additional useful further information can be found at :

www.gov.uk

www.PROc2w.co.uk

www.cycle-plus.co.uk

www.cyclescheme.co.uk

www.bike2workscheme.co.uk