What is a cycle to work scheme?
A cycle-to-work scheme is a government initiative that aims to encourage more people to start cycling to work. By allowing you to get a brand new bike and any chosen cycling accessories tax-free, you can save up to 42% on a bike model of your choice.
How does the cycle to work scheme work?
Taking part in our cycle-to-work scheme couldn’t be easier. All you need to do is choose your bike, get your employer on board and spread the cost by making monthly repayments, which are automatically deducted from your salary.
At Raleigh we accept Cyclescheme Cycle to Work vouchers. You can find more details below or by giving the team a call on 01271 500 194.
Cyclescheme is a national employee benefit scheme that saves you up to 39% on the bike and accessories of your choice. You pay absolutely nothing upfront, and the cost is deducted tax-efficiently from your salary every month by your employer.
It works like this:
Step 1 - Shop
Use the savings calculator to find the package that’s right for you. This will tell you exactly how much each bike is at full retail price, your total savings and what you’ll be paying each month.
Once you’ve chosen your bike (plus accessories) and the amount you’d like to spend, simply chat to your employer to get your unique employer code and visit cyclescheme.co.uk to request a certificate.
When your employer approves your request, Cyclescheme will send a certificate to you.
Step 2 - Complete your order
To complete your order, simply email your chosen products, delivery address and certificate details to firstname.lastname@example.org. We’ll confirm, finalise and dispatch your order for you.
Step 3 - Own it at the end
When your hire agreement comes to an end, you can choose whether you’d like to return your bike to Cyclescheme or keep it forever. If you choose to keep it, you’ll just need to make a small additional payment – then it’s yours!