Cyclescheme

Cyclescheme: the cycle to work benefit in the UK

Cyclescheme is a UK provider of a salary sacrifice benefit that lets employees get bikes, e-bikes, accessories and safety equipment with savings of up to 47%. The employee makes no upfront payment and instalments are deducted from their salary before tax, which generates the tax saving. The company presents itself as the UK's most popular cycle to work benefit and claims to have put more bikes on the road than any other provider.

How the scheme works

The site organises information into four areas: how it works, shop, employers and help. Employees can use the "How it works" section to understand the scheme, calculate their savings and apply to join. The "Shop" section helps them decide what they need, where to buy and what offers are available. Employers have a dedicated section to learn about the business perspective of the benefit and register their business on the scheme. The help and support section offers answers to FAQs and contact details.

Calculators and application

The platform includes a savings calculator and a health calculator. The savings calculator lets you estimate how much you can save on a new bike, an e-bike, cycling accessories and safety equipment. Employees can apply for the benefit through the website. To get started, they must enter their employer's name or code; if the company is already registered, the system confirms it and lets them start the application. If it doesn't appear, they can invite their employer to join the scheme.

Catalogue and shop network

The scheme offers access to a wide selection of cycling brands thanks to its partnership with more than 2,600 bike shops across the UK, a figure the company presents as higher than any other provider. The network includes local independent shops, department stores, online retailers and direct brand sales. The catalogue covers bikes, e-bikes, accessories and safety equipment. Bike rental and a specific adapted cycling category for people with disabilities are also offered.

Exclusive benefits and insurance

Cyclescheme offers its participants exclusive benefits, such as a 10% discount and 14 days of free insurance through Bikmo, an award-winning insurance provider. Cover includes accidental damage and theft. In addition, savings of 25% on e-bikes and 50% on taking out various bike insurance policies are advertised, subject to a minimum premium and conditions. The company also runs a Strava club so users can share routes and stay motivated.

For employers

Employers can register for the scheme and access information on why to offer Cyclescheme, what it can bring to the business, how salary sacrifice works, the benefits, the sectors it targets and case studies. Registration is done through the employers section.

Corporate details and reach

Cyclescheme Limited is an English company with registration number 05363678 and registered office at Westside, London Road, Hemel Hempstead, HP3 9TD. It is a wholly owned subsidiary of Blackhawk Network. The company is authorised in the UK by the Financial Conduct Authority with Firm Reference Number 742049. The site states that it has 1,280,789 satisfied customers and that 1,175,794 bikes have been put on the road. The platform also operates in Ireland under the name Cyclescheme Ireland.

Location and contact

Westside, London Road, Hemel Hempstead, HP3 9TD