If you are unsure about whether or not you qualify or how to apply for a cycle to work scheme – please don’t hesitate to give us a call or simply drop into the shop and we can talk you through the whole process including a free no obligation quote.
We are proud to work in conjunction with various Cycle Schemes which are designed to get you out of the car and on your bike for less!
How the scheme works
Getting your new bike is simple and we have produced a step-by-step guide to show you how the scheme works and what you can expect at each stage. But below we’ve highlighted some of the key points for you.
- Let’s be upfront. To get the tax break, HMRC rules mean you will actually be hiring a bike through Green Commute Initiative Ltd (GCI). GCI is authorised and regulated by the Financial Conduct Authority which is why GCI is the only scheme not restricted to the usual £1,000 limit. The bike is yours to use and keep and at the end of the scheme we’ll follow HMRC rules so the ownership can pass to you. Unlike other schemes there’s no sting in the tail to transfer ownership to you. Other schemes charge as much as 7% of the bike value! That’s a big hit to your tax-break savings.