What is Cyclesheme?

The Cycle to Work scheme is an employee benefit that allows working adults to save up to 42% on the cost of a bike and/or cycling accessories. You can calculate your potential savings here.

Savings are achieved by purchasing the bike and/or accessories through a pre-tax salary deduction, meaning payment is made before tax is calculated. This reduces an employee's taxable income and results in a tax saving. This process is known as salary sacrifice.