Cyclescheme - The salary sacrifice scheme that benefits both employees and employers

Learn more about how the cycle to work scheme is cost-effective for everyone

A salary sacrifice scheme helps you offer a cost-neutral and meaningful benefit to your team. With Cyclescheme, employees access bikes and cycling accessories through a simple salary exchange. Support wellbeing, reduce emissions, and strengthen retention with a proven cycle to work salary sacrifice solution.

The simple salary sacrifice scheme that gives back

A cycle to work salary sacrifice reduces your employees’ taxable pay in return for benefits, making it easy to deliver cost effective rewards:

• What is salary exchange?: A salary exchange scheme lets employees swap part of their gross pay for a bike. This reduces tax and National Insurance whilst delivering a valuable workplace benefit.
• Benefits for your business: A cycle to work salary sacrifice supports employee wellbeing and cuts commuting costs. It helps attract talent and strengthens ESG goals through lower carbon travel.
• Easy implementation for your team: Cyclescheme makes setup simple with expert support and minimal admin. Your team gets access to bikes and accessories through a seamless salary sacrifice scheme. 

The salary exchange scheme available to everyone, with the hard work done for you

No matter the size of your organisation, Cyclescheme can be seamlessly integrated into your employee benefits programme, offering valuable financial savings to both you and your workforce.

Furthermore, We’ve put the time, work and energy into creating a salary sacrifice scheme, so you don’t have to.

• No joining costs or fees to run the scheme
• Registration only takes a few minutes and you can be up and running within a few days
• We’ll look after the admin, including retailer payments and end-of-term options
• We’ve partnered with over 2600 bike shops across the UK
• Your employees can choose bicycles and accessories from over 500 brands
• Cycle equipment and accessories are covered too
• Exclusive discounts for Cyclescheme members
• Employees can choose repayment periods to suit their needs 
• We offer dedicated support for employers

Salary exchange vs Salary sacrifice

A salary exchange scheme and salary sacrifice scheme are the same thing. The terminology is gradually shifting towards ‘salary exchange’ because it more accurately reflects what’s happening - employees are choosing to exchange part of their salary for something of equal value, rather than giving something up.

Build a better employee benefits package with a salary sacrifice scheme

Strengthen employee engagement, retention and overall job satisfaction by offering a flexible, tax-efficient benefit to your workforce:

• A cost-neutral way to enhance employee benefits: The Cyclescheme salary sacrifice scheme doesn’t require any additional budget.
• Stronger employee attraction and retention: A salary exchange scheme is a practical way to deliver value and meaningful support to employees, helping them to manage everyday costs.
• Interest free affordability: Enable your employees to spread the cost of their bicycle (and accessories) without interest via cycle to work salary sacrifice.
• Access higher value items: A salary sacrifice scheme makes larger cost bicycle purchases more accessible to your workforce.
• Convenience and ease: Payments are automatically deducted through payroll so you don’t need to manage monthly repayments manually.
• Government support: Supported by The Department for Transport Guidance, Cyclescheme salary exchange allows employees to make savings whilst promoting healthier habits.