Giant Cycle to Work

Scheme Details

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Your Cycle To Work Scheme Contact

Method of funding initial purchase

Proforma invoice – Bikes and equipment paid for before they are despatched.

Payment on account – Bikes and equipment paid for in arrears (subject to credit status)

Lease financed – Set up lease finance arrangements and pay monthly.

Maximum equipment value (£)
HMRC provide a blanker credit license allowing goods up to the value of £1,000.00 to be selected by employees. However it may be that you, the employer, would prefer a lower spend threshold.
End of Scheme
Cycle Solutions provides a fully managed service where we facilitate the transfer of the goods from you to the employee at the end of the salary sacrifice arrangement. Alternatively there other transfer mechanisms which you may consider such as p11d.
Enrolment Period Type
You can run the benefit in 2 ways. Firstly you can choose to keep the benefit open indefinitely so that orders can be placed by your employees at any time. Alternatively you can elect to have a fixed ordering window (usually 4-6 weeks) within which all orders much be placed.
Enrolment period
This should be the start and end date of the ordering period within which orders much be placed.
First deduction payroll
This is the date by which you need the salary sacrifice information from us for payroll purposes. This should ideally be 2 weeks after the enrolment period end date.

In one simple sign-up form you can join 40,000 other employers offering your staff one of the UK's most popular workplace benefits

The Cycle to Work scheme

Cycle To Work

Did You Know

53% of employers agree that the scheme has improved staff engagement

Did You Know

77% of employers believe that the scheme has had a positive effect on their organisation

Cycle To Work
Cycle To Work

Did You Know

61% of scheme users believe that cycling to work has improved their productivity