What is Cycle to Work?

 

To promote healthier journeys to work and to reduce environmental pollution, the 1999 Finance Act introduced an annual tax exemption, which allows employers to loan cycles and cyclists' safety equipment to employees as a tax-free benefit. The exemption, known as the Cycle to Work Scheme, was one of a series of measures introduced under the Government's Green Transport Plan.

 

Who do we partner with?

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Administration of this scheme can be carried out by your employer or by one of the many companies that offer to act as administrators. Lucky 13 Bikes are affiliated with Cyclescheme, Green Commute Initiative,  Cyclesolutions and Bike2Work. These Cycle to Work scheme administrators issue you with a certificate that, once authorised by your employer, can be exchanged for a bike and any safety equipment at Lucky 13 Bikes.

 

How does it work?

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Cycle to work schemes allows employers to offer their employees the use of a bike for commuting in exchange for a salary sacrifice. The salary sacrifice enables the employees to use their gross pay to reimburse the employer for the cost of the bike. The gross pay is before tax, so the employee saves the tax and national insurance which would have been due on the amount sacrificed. It also allows employees to spread the cost over monthly pay packets, making the acquisition more affordable.

 

How much can I spend?

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Your Employer will decide on the scheme limits of value and for how long the agreement is for. They are usually decided on an affordability matrix.

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How/when can I spend it?

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All schemes processes are that a customer applies for a voucher which then must be redeemed all in one transaction.

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Can I choose sale items?

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Yes, but bikes and accessories reduced from the full RRP (Sale) are subject to a sale item surcharge. This % charge is dependent on the scheme provider used. To find out more contact us for a quote.

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What can I include in my order?

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You can include most accessories in your order, however these products are excluded, Power meters, Headphones, GPS bike computers and navigation devices, Bike racks for cars, Cameras, Turbo trainers or rollers, Gift cards and Nutritional products.

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Discount codes or any other offers cannot be applied against Cycle to Work orders.