You could save up to 42%
Overview
The Bike2Work scheme is a government-approved employee benefit that promotes cycling to work by allowing employees to save up to 42% on bikes and equipment through salary sacrifice. Employers benefit by reducing their national insurance contributions and improving employee health, productivity, and environmental impact. The program is free for both employers and employees, aiming to foster healthier lifestyles and sustainable commuting practices. Over 400,000 employers have signed up for the scheme.
How the Bike2Work Scheme Works
Step 1: You’ll receive a unique PIN number from your employer. (If they don’t have one, ask them to sign-up here.)
Step 2: You choose your new bike or equipment from one of our 2,000 partner stores and receive a written quotation form to submit to Bike2Work.
Step 3: Your employer will receive an invoice as well as a hire agreement for you both to sign.
Step 4: Your employer will make the payment and receive your voucher.
Step 5: You’ll take the voucher into your chosen shop (or virtually provide it) and collect your new bike or equipment.
What can I get?
Once your application has been approved and you have been given your Bike2work certificate and credit, you can contact us to discuss what items you would like to purchase. Explore our products and then get in contact with us!
FAQs
What is the Bike2Work Scheme?
It’s a government-backed initiative that allows employees to save up to 42% on bikes and cycling equipment by paying via salary sacrifice, making cycling more affordable.
How do I join the scheme?
First, check if your employer is signed up. If they are, you can apply via the Bike2Work website, select your bike and equipment, and your employer will pay for it upfront while you repay through salary sacrifice.
What type of bikes and equipment can I get?
You can choose from a range of bicycles, including e-bikes, as well as safety and accessory items like helmets, locks, and lights.
How much can I save?
Savings depend on your tax band, but you could save up to 42% of the retail price.
Is there a limit on how much I can spend?
There is no upper limit set by the government. However, employers may set a maximum spend for the scheme.
What happens if I leave my job?
If you leave your job before the agreement ends, you'll need to pay the remaining balance for the bike directly, which may affect your savings.