What is Cycle2Work and how does it work?
The scheme, run in partnership with Cycle Solutions, allows staff to purchase any bike through a monthly salary sacrifice. This means that you agree to give up part of your salary in exchange for a bike and/or accessories.
The scheme enables you to spread out the cost of a new bike, interest-free and with zero up-front costs.
Payments are taken from your gross salary (before tax) which also means that you will pay less Income Tax and National insurance.
On average, this salary sacrifice scheme has saved individual staff members on average £500 each on the cost of a bike!
Cycle Solutions offer a wide range of bikes and accessories, including e-bikes, for staff to choose from!