CYCLE TO WORK SCHEMES & FINANCE AVAILABLE
CYCLE TO WORK SCHEMES
Our team are passionate about encouraging as many people to get on their bike as possible. It’s better for the planet, saves money, and is a great way to get in some daily exercise on your way to work.
That’s why we’re proud to be a part of most the UKs leading cycle schemes that aim to promote cycling across the UK. Cycle Spirit has increasingly become the number one cycle to work provider in the area.
What is Cycle to Work?
Cycle to Work is a government supported scheme which enables you to access a bike and equipment through your employer to enable you to cycle to work. Your employer will then deduct the costs from your gross salary.
As the deductions are from your gross salary, this means that you will also benefit by paying less tax and National Insurance. The amount you save will depend upon your salary and can be up to a massive 42%.
What is the usual process?
1. Find out from your employer which scheme they participate in.
2. Choose your bike and any additional accessories
3. Reserve your bike at Cycle Spirit London
4. Apply for your voucher through your scheme provider or employer
5. Send your voucher to us at info@cyclespirit.com
6. We will then build and prepare your bike & accessories
7. When everything is ready we will call you to collect. It's that simple!
8. Enjoy your shiny new bike.
What bike & equipment can I get?
- You can use your certificate for any adult bike including electric bikes.
- You can also use your certificate for most clothing, accessories & tools to make your journey safer or more secure. These include rider essentials such as commuter clothing, shoes & helmets as well as vital accessories for your bike including mudguards, lights, reflectors, panniers etc. There are also important additions for bike longevity including tools & pumps, locks for security and commuting backpacks to make the journey more efficient.
What if I already have a bike?
You can use your certificate for any of the equipment that you may need to either build or upgrade your existing bike, e.g. groupsets, wheels, componentry and any of the associated accessories or clothing within the above which will make your journey more safe or secure.
How much can I spend?
This will depend on any limits which your company may have in place. Up until recently there was a HMRC imposed limit of £1,000 but this has now been removed and there are no limits imposed by HMRC.
Can I buy at the same price if an item is on sale?
As cycleschemes offer a higer rate of discount than sale prices this cannot be used together. The cyclescheme discount will be applied to the full retail price of the items listed.
Cycle Spirit Registered Schemes
These are some of the great schemes we are already affiliated with. If you don't see your scheme listed here then send us an email as we still may be able to join or use them and get you that bike you want.
FLEXIBLE FINANCE PLANS
We’ve got you completely covered, as we have finance options available for people with varying circumstances. Cycle Spirit believes that you shouldn’t have to pinch your pockets to be able to purchase our products. A suitable way to pay in affordable monthly instalments to better suit your needs and budget. To help you purchase from Cycle Spirit London, we have partnered with a regulated credit broker to offer all our customers a range of highly flexible finance options. A service that searches to find you the best Personal Loan option that’s right for you.
Finance Benefits
FCA Authorised from UK lenders only
Simple process & approval
Flexible loans starting from £600
To enquire or make an application please contact our team and we can talk you through the process. Better still, come to store and choose your products and we will happily go through the options with you.
Get in touch to find out more.