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Cycle to Work Scheme

The Cycle to Work scheme, also known as Cycle2Work, is a government-backed initiative that allows employees to purchase a new bike and accessories at a discount by using salary sacrifice. The scheme helps employees save money on a bike and associated equipment through a tax-efficient payment plan. 

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Why Use our GCI Cycle to Work Scheme

  • Save between 28% & 47% (depending on your tax rate).

  • Easy interest free monthly payments through salary sacrifice 

  • The only scheme provider designed for eBikes & pre-loved eBikes with no £1,000 limit 

  • Payment periods ranging from 3 to 60 months

  • No ownership fees after payments completed 

Who Can Use a Cycle2Work Scheme

To take advantage of the Cycle to Work scheme
 

  • You need to be over 16 years old

  • Have had a contract of employment for a minimum of a year,

  • Be paid via the PAYE system.

  • Have an employer that is willing to register with the scheme.,

  • Your salary must remain above the National Minimum Wage after the salary sacrifice for the bike, 

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Our Main Scheme Provider

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We have partnered with the Green Commute Initiative because they specialise in higher value & used bikes plus unlike many other schemes they have no 7% ownership fees at the end of the payment period  .

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You can purchase both our new hybrid eBikes, eTrikes and even our preloved ebikes. If your employer is already working with an alternative providers we should be able to work with them too. We are also registered with Cyclescheme.co.uk

How the Process Works

  1. ​The scheme is offered through participating employers, who buy the bike and equipment on behalf of the employee. 

  2. Employees agree to sacrifice a portion of their pre-tax salary, which is then used to make monthly payments towards the cost of the bike. 

  3. By paying for the bike with pre-tax salary, employees pay less income tax and National Insurance on the sacrificed portion of their salary, leading to significant savings. 

  4. Employees typically hire the bike for a period (usually 12-18 months) and then can choose to purchase it outright at the end of the hire period, typically for a small fee. 

If you have decided what eBike or eTrike you want then click the button to below to start the application process. Please remember to check with your employer first that they are happy to participate in a cycle to work scheme. If your employer is already registered with GCI please get their employer code and use this link to apply  

You can use the calculator below to see what you could save using the Cycle to Work Scheme 

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