CYCLE TO WORK SCHEME

1. Employer Participation: Employers must first register for the Cycle to Work Scheme with a participating provider. We accept vouchers from all major providers. 2. Employee Eligibility: Once registered, the scheme becomes available to all employees of the participating organisation. Most schemes require employees to have a contract of employment lasting the length of the salary sacrifice period, typically 12-18 months. If you are self-employed you can not access the cycle to work scheme 3. Salary Sacrifice Agreement: Participating employees agree to sacrifice a portion of their gross salary in exchange for a non-cash benefit, namely a bicycle and related equipment. This salary sacrifice is typically made over a fixed period, deducted directly from the employee's gross pay before tax and National Insurance contributions. 4. Choice of Bicycle and Equipment: Employees are provided with a voucher with a fixed spending limit. They can then select a bicycle and associated equipment up to this limit from ourselves. The equipment often includes safety gear, such as helmets and reflective clothing, as well as accessories like locks, lights, and panniers. 5. Ownership Options: At the end of the salary sacrifice period, employees may have the option to purchase the bicycle and equipment outright at a fair market value determined by the scheme provider. Alternatively, they may return the equipment to their employer, continue to use it through a secondary lease agreement, or enter into a new salary sacrifice arrangement for an upgraded bicycle.