Cyclescheme is a hire agreement initiative that helps you save up to 42% on an e-bike and accessories.
Available to employees of participating organisations and businesses, Cyclescheme lets you pay for your chosen e-bike and accessories through a mechanism known as ‘salary sacrifice’. This means you can spread the cost over a set period of time using tax-efficient deductions, saving you between 25-42% on your purchases depending on how much tax you pay.
In essence, a set amount of money is taken out of your gross salary to put towards your new e-bike. This reduces the amount of tax that you pay, leaving more money in your pocket!