Tax is complicated; the cycle to work scheme is not. You choose a bike, hire it for an agreed length of time, then snap it up for a fraction of its original value. It's like a year-round sale, with interest free credit available in over 2,000 retailers nationwide.
Everything was straight forward and efficient, great communication ,very happy with cyclescheme.
First of all, this is a brilliant scheme; there’s no way I’d be able to afford an e-bike without it and it enables me to ride to work - there’s no way I could do the 15 miles each way without electric assistance! Took a while to get my head around the practicality of how things worked and maybe the instructions could be clearer - but that might just be me. My only real issue was timing; you have to find a bike (and price) in order to submit your application. My first application had to be cancelled because by the time it was approved, the frame size had sold out and I had to start the whole process again. I found another one then had an agonising wait for around a week before I could confirm my order - whilst my application was approved by my company, the money transferred and my certificate issued. So I eventually got the bike I wanted at a great price (hence the 4 stars…), but it was a bit of a faff (…and not 5). Ideally it would be nice to be able to secure/reserve a selected bike whilst your application is going through - but not sure how that would be possible. Maybe we just have to accept it’s what we have to do to pay less?
Super simple, quick, helpful transaction!
Depending on your employer you can spend up to 10K on the bike and equipment which is a big saving if you pay higher rate tax. The cyclescheme bit is pretty streamlined but your employer will often need a nudge to do the paperwork so do that if things get stuck.
Excellent scheme and well organised with no issues.
Bought a bike through cycle to work scheme up to now very happy waiting for bike to be delivered from pedal and chain
I've been to 3 cycle shops in London, all of which charge an extra 10% in cash on top of the full recommended retail price when paying with a cyclescheme voucher. Buying a discounted bike is virtually impossible. The tax benefit is quickly wiped out by the commission charged by the various cycle to work schemes.
Took 3 days to get my new e-bike. Zero hassle
Very fast efficient and friendly service. Many thanks
Fluid experience, easy and simple steps
Great to save some money but a long wait for the voucher (they send them only once a month, so it depends) and you need to physically be in the shop to order it :( long wait for the bike (Someone has to approve the cycle scheme or check smth)
very good experience easy striaght forward site to use very happy with my new bike
Very efficient and straightforward process from initial application to collection of the bike. I got a rapid response to a couple of questions and it was also very easy to find information on the website. Retailers that I talked to were very familiar with the operation of the scheme and, once a certificate number was allocated, the rest was rapid and painless.
I signed up for this scheme on the incorrect assumption i would be able to get a bike from Halfords, who must be one of the biggest retailers of bikes in the UK. I specifically wanted a Boardman bike and applied for the budget for this. When i got my funding approved and went to order my bike i found out Halfords are not on the list and only selected online retailers and local shops were available. These are more expensive and did not have the bike i wanted so i was discappointed with this service and had to compromise.
It pretty much worked as expected but there are some points that are not very clear until executed.
Great service
Gareth and the team were fantastic! Best bike store I've ever bought from!
Brilliant! No issues what so ever and all went smoothly
The workflow was simple and easy to follow, much less confusing than I'd been led to believe cycle schemes were. You pick how much you want to spend, you get a voucher, you spend the voucher. Easy!
Joseph
Aug 23,2024Amazing very quick and fast