Cycle to work details

  • For most purchases we recommend you ask your employer to set up an internal Cycle to Work Scheme for your workplace. It is simple, free, and avoids paying any fees.
  • For purchases over £1,000 we recommend the Green Commute Initiative because unlike other schemes they have no £1,000 limit, they can offer finance to the employer to cover the cost of the bike, and they only charge a 5% commission fee.
  • We can also accept vouchers from many popular cycle scheme providers – see the list. They charge a commission between 10% and 15%, and we cannot afford to absorb this cost for you – if we did we would make a loss on the sale. (We do not make any extra money on the purchase, the fee simply covers the commission that these companies charge us).

Example Savings

For a basic rate taxpayer using the Green Commute Initiative*:
Normal price of bike    £500
plus cycle to work scheme fee**  + £25
  plus end-of-hire fee***  + £1
 minus your tax savings:   – £169
Total cost    = £357
net monthly salary sacrifice:   £29.75 (over 12 months)
  saving compared to normal price:   28%