CYCLE TO WORK SCHEME
Save up to 42% on your bike purchase with the Cycle to Work Scheme. See below for details or simply get in touch to find out more.
WHAT IS THE CYCLE TO WORK SCHEME?
Introduced in 1999 as part of the Green Transport Plan, the Cycle to Work scheme is, very simply, a tax-break that allows PAYE (pay as your earn) individuals to buy a bike through a simple salary sacrifice arrangement.
The scheme covers almost any type of bike (provided it falls under £1,000) and also extends to include accessories such as clothing, lights, locks and safety equipment.
As a result, employees stand to save at least 32%-42% (depending on tax banding).
WHAT CAN I BUY?
Any Freddie Grubb bicycle. The Cycle to Work scheme doesn’t just make buying a bike more affordable, it extends to accessories too. Anything from clothing, lights, locks and almost any other piece of kit needed - provided it is mainly for commuting to and from work.
HOW DOES IT WORK?
- Choose your bike and accessories at our London store or online
- We provide you with a quote for your employer to approve / pay
- Collect your new Freddie Grubb bike and accessories
Please get in touch if you have any questions!