Enjoy up to a 42% discount!
Cycle2Work Schemes offer a cost-effective approach to purchasing an e-bike, encouraging more cycling and fewer cars on the roads.
Enjoy up to a 42% discount on your new electric bike with 3 simple steps to access the Cycle2Work scheme. Participation in the scheme allows for salary sacrifice or voucher systems to spread the cost over a specified period, offering great savings.
We accept Cycle To Work scheme vouchers from Cyclescheme, Bike2Work, Green Commute Initiative, Vivup and Cycle Solutions.
Discover which scheme your employer has joined, or encourage them to join. We accept a wide range of cycle to work scheme vouchers.
Shop our large selection of e-bikes and accessories from the best brands and decide which you desire. Note the overall cost.
Request your eCertificate for the total price needed. Submit your certificate to your employer and North Sports by emailing our team and we will complete your order.
cycle2work@northsports.co.uk
What is the Cycle to Work scheme?
The Cycle to Work scheme is a UK government initiative that encourages employees to cycle to work by offering tax-efficient bicycle purchase schemes. Through the scheme, employees can purchase a bike and cycling accessories through salary sacrifice, spreading the cost over an agreed period. This allows employees to save money on the bike's retail price and enjoy the health and environmental benefits of cycling.
Does an employer have to offer a Cycle to Work scheme?
Employers are not legally obliged to offer the Cycle to Work scheme to their employees. However, many employers choose to participate in the scheme as it offers benefits such as promoting health and well-being, reducing carbon emissions, and supporting a greener commute. Employers who decide to implement the scheme can seek assistance from scheme providers to streamline the process.
What is a Cycle to Work scheme in the UK?
The Cycle to Work scheme in the UK is a government-backed program that enables employees to obtain bicycles and cycling equipment through salary sacrifice, making the purchase more affordable. The scheme allows employees to choose a bike and related accessories up to a certain value, which is then deducted from their gross salary over a set period, typically 12 to 18 months.
How much does the Cycle to Work scheme cost the employer?
The cost to the employer for implementing the Cycle to Work scheme is typically the administrative fees charged by the scheme provider. These fees can vary depending on the provider and the size of the company. However, the financial benefits to the employer, such as reduced National Insurance contributions and increased employee well-being, often outweigh the administrative costs.
How many times can you use the Cycle to Work scheme?
There is no set limit on the number of times an employee can use the Cycle to Work scheme. However, each cycle-to-work agreement is typically valid for a specific duration, usually 12 to 18 months. Once an agreement expires, employees may be able to enter into a new agreement to purchase another bike and accessories.
Is cycling to work worth it?
Cycling to work can be highly beneficial. It promotes physical fitness, reduces stress, saves money on transportation costs, and helps reduce carbon emissions. Additionally, cycling can often be faster than other modes of transportation, especially during peak traffic times in congested urban areas. However, it's important to consider factors such as distance, safety, and personal preferences when deciding if cycling to work is worth it for an individual.
What happens after 12 months on the Cycle to Work scheme?
After the initial agreement period, typically 12 months, employees have several options. They can choose to return the bike and accessories to their employer, continue using the bike without any further deductions from their salary, or enter into a new agreement for a different bike or additional accessories. The specific options may vary depending on the scheme provider and employer policies.
Who pays for the Cycle to Work scheme?
The cost of the Cycle to Work scheme is typically shared between the employee and the employer. The employee pays for the bike and accessories through salary sacrifice, with the cost deducted from their gross salary over an agreed period. The employer facilitates the scheme, deducts the salary sacrifice amount, and pays the scheme provider for the bike and associated services.
How long do you pay for the Cycle to Work scheme?
The duration of payments for the Cycle to Work scheme typically ranges from 12 to 18 months. During this period, the cost of the bike and accessories is deducted from the employee's gross salary in regular installments. The exact duration of payments may vary depending on the agreement between the employee, employer, and scheme provider.
What happens if you leave work with a Cycle to Work scheme?
If an employee leaves their job while participating in the Cycle to Work scheme, they will usually have to repay the remaining balance on the bike and accessories. The repayment terms may vary depending on the employer's policies and the scheme provider. Employees should check the terms and conditions of their specific scheme to understand their obligations in such situations.
What is the best Cycle to Work scheme?
The "best" Cycle to Work scheme can vary depending on individual preferences and needs. There are several scheme providers available in the market, including Cyclescheme, Halfords Cycle2Work, Evans Cycles Ride-to-Work, and many others. It is advisable to compare the terms, administrative fees, network of participating retailers, and customer reviews to determine which scheme best aligns with your requirements.
Can I sell my Cycle to Work bike?
During the salary sacrifice period, the bike and accessories technically belong to the employer or the scheme provider. Therefore, selling the bike within this period is generally not allowed. After the salary sacrifice period, ownership of the bike usually transfers to the employee, allowing them to sell or dispose of the bike as they wish.
Can you buy two bikes on the Cycle to Work scheme?
Yes, in some cases, employees may be able to purchase two bikes through the Cycle to Work scheme. This may depend on the specific terms and conditions of the scheme provider and the agreement between the employee and employer. It's important to check with the scheme provider and understand any limitations or restrictions before proceeding with a multiple-bike purchase.
Can you pay off your Cycle to Work scheme early?
Paying off the Cycle to Work scheme early depends on the specific terms and conditions of the scheme provider and the agreement with the employer. Some providers may allow early repayment, while others may have restrictions or charges associated with early settlements. It's advisable to contact the scheme provider directly to inquire about the possibilities and any potential costs involved.
What happens if my bike is stolen on the Cycle to Work scheme?
If your bike is stolen while you are participating in the Cycle to Work scheme, you should report the theft to the police and inform the scheme provider. Depending on the terms and conditions of your scheme, the provider may be able to assist you in resolving the situation. It's important to review the insurance coverage and theft protection options provided by the scheme and consider additional insurance if necessary.
Can I spend more than £1,000 on the Cycle to Work scheme?
The £1,000 limit is the maximum value set by the government for a tax-free purchase through the Cycle to Work scheme. However, some scheme providers may offer the option to spend more than £1,000 on a bike and accessories, with the excess amount being subject to taxation. It's advisable to consult with the specific scheme provider to understand the options available for higher-value purchases.
