The Cycle to Work Scheme is a government-supported scheme designed to help you save money on a new bike and spread the cost of the bike over monthly tax-free instalments.

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Your employer purchases a bicycle and leases it back to you. Your employer will then deduct the costs from your gross salary. You will pay less tax and National Insurance as the deductions are from your gross salary. 

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The amount you save will depend upon your salary; savings can be up to 42% for higher-rate taxpayers.

 

You can work out your savings below with the Green Commute Initiative Calculator: 

 

​​We accept vouchers from The Green Commute Initiative toward funding the bike of your choice. 

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