Can I pay a deposit on cycle to work scheme?
Cyclescheme strongly recommends that all participants that wish to keep their bike and/or accessories packages choose the ‘Own it later’ option (as it’s the cheapest). Own it later – You pay a small refundable deposit (either 3% or 7% of your certificate value) and continue to use the equipment for 3 years.
How long does it take to get a bike on cycle to work scheme?
3-14 days
The cycle to work scheme usually takes 3-14 days from application to redemption. The length of time it takes to go from doing your application to getting your bike and/or accessories can vary; many employees can collect their cycle to work packages directly after being approved.
What is the bikes to work scheme?
Bike to Work Ltd offers employers a totally free service to help you take advantage of the Government initiative offering tax free bikes for work. Using the Bike to Work scheme, your company can purchase a brand new bike and safety equipment worth up to €1,250 for a regular bike, and up to €1,500 for an electric bike tax free, for your employees.
Can employees save on bikes and accessories over £1000?
Employees can now save on Bikes and accessories over £1000! We have some exciting news. The Government has recently updated the cycle to work scheme Read more WHAT HAPPENS IF AN EMPLOYEE NEEDS TO LEAVE A CYCLE TO WORK SCHEME?
Who are bike2work?
We are Bike2Work. And we get people on bikes. As the UK’s no.1 independent provider of the Government Cycle to Work scheme, we believe that bikes are good for everybody. Because healthier, happier employees mean more productive staff for Employers.
How many people use the cycle to work scheme each year?
Around 180,000 people a year participate in the cycle to work scheme operated by employers, through which employees can save up to 40 per cent of the cost of a new bicycle to cycle to work from reduced income tax and National Insurance.