What is a Cycle to Work Scheme and How does it work?

Cycle to Work schemes are intended to make it easier and more affordable to purchase a new bike and cycling accessories. They allow you to spread the cost over 12 to 18 months through a salary sacrifice arrangement with your employer, providing substantial savings. Once you join a scheme, your employer will issue you a voucher or letter of collection, which you can use to select and collect the bike and accessories that best suit your needs. 

It’s important to note that Cycle to Work schemes can vary, with each following its own set of rules. Be sure to consult your specific cycle-to-work provider for detailed information.