The Cycle to Work Scheme is a great way to get all the gear you need for your commute and save money! Fuel costs are rising and Ultra Low Emissions Zone charges are making commuting increasingly expensive so many people are swapping to a greener, healthier commute by bike.
The Cycle to Work scheme is designed to give you great savings on bikes and cycling equipment. This includes E-bikes and cycling accessories, simply anything that you need to commute by bike for you and your family. And at Cycle King and Hawk Cycles there amazing deals available every day on bikes and accessories for commuting, everything in-store and online is covered by the Cycle to Work Scheme!
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How does the scheme work?
Your employer will cover the upfront cost of the bikes and accessories that you want, so you don’t have to pay any money upfront. WOW, what a great way to start your commute and it will be greener and cheaper too. Now that’s what we call a result!
Each month an agreed amount will be deducted from your salary, before taxes, as you pay your employer back for the bikes and accessories that you bought via the scheme. This is called salary sacrifice. This monthly payment is deducted before tax and National Insurance which means you don’t have to pay tax on this amount which saves you money! That’s a saving of at least 32% on the purchase price of your bikes and accessories. Depending on how much you earn it could be up to 42% of savings. Plus, you’ll also be spreading the cost over an agreed period of time making cycling really affordable.
If you leave the company before you have paid all of the instalments then your employer will either keep the bike or you can pay the remainder due to your employer. Schemes vary, so please do check with your employer before you join, just to be sure.
Your employer can participate in the scheme through one of these organisations.
Can I buy more than one bike?
Subject to the value of the voucher, in the majority of cases you can use the money available to buy both your bike for commuting and for other family members too. The only limit is the value of the voucher which varies depending on how the scheme has been set up by your employer.
Are E-bikes included in the scheme?
Yes, don’t sweat E-bikes are included in the scheme, making it easier for you to make cycling a part of your commute.
Do I have to use my bike for all my commuting?
No. Buying a bike through the scheme does not mean you have to commute every day by bike but you should use the bike and/or accessories mainly for commuting to and, if relevant, between workplaces.
At least 50% of the bike and/or accessories use should be for work purposes. For example, if you used the bike 10 times in a year, at least 5 of those journeys must be work-related. The bike and accessories can also be used for pleasure, so riding out with the family or joining your mates for a trail ride is definitely allowed; lots of fun awaits you!
Can I buy accessories only?
Yes. Whatever you need to get cycling to work is included so you can save money on everything you need through the scheme. So, whether you are just buying a bike, a bike and accessories, or just accessories, go for it – the choice is yours!
How do I get a voucher?
Each employer can choose their own scheme provider, so just ask your HR department for details of which provider they use. Then go online to the scheme provider and apply for a voucher.
You will be able to choose which retailer you want to get your bike from and you’ll need a quote for the bikes and accessories that you want. Once this quote has been approved then the voucher will be issued so you can complete the purchase.
How do I get a bike using the Cycle to Work scheme?
Once your voucher is issued then simply come in-store or choose your bikes and accessories online. We accept vouchers from all of the schemes no matter which retailer is specified on voucher.
If you haven’t applied for your voucher yet, then we can give you a quote which you can upload to your scheme provider portal to get a voucher. Once approved just let us know and we’ll get your bikes ready for collection or home delivery.
Can I change retailers?
Yes, we can request for your voucher to be transferred to Cycle King and Hawk Cycles, it is simple, so don’t worry if you nominated a different retailer. We accept vouchers from all the suppliers and also vouchers issued with other retailers.
How much can I spend using my voucher?
Bikes and cycling equipment up to any value can be covered by the scheme, the limits are set by your employer.
Can I add more money to the voucher?
Top-ups aren’t allowed, the purchase must be up to the maximum value of the voucher.
Any more questions?
If you have any questions about the Cycle to Work Scheme, just pop in to your local store, call or email us. We are here to help you go green and commute in style! From folding bikes and road bikes to E-bikes and more, it your choice!