What is Cycle to work scheme?
Cycle to work scheme is “an employee benefit that saves you 25-39% on a bike and accessories.” Spread the cost of your new bike and/or kit in equal monthly instalments taken from your salary before tax and National Insurance contributions.
Simply choose your bike and/or accessories and take your Employer code to your local MATE store to collect your gear.
Some Interesting Cycle to work scheme Statistics
- Cycle to work scheme is roughly 50% of the Cycle to Work market, with the other 6 or 7 providers making up the remainder.
- E-Bike sales now make up roughly 11% of all cycle to work transactions. This is increasing steadily year on year.
- Cycle to work scheme has processed over 850,000 cycle to work certificates since its inception.
- Cycle to work scheme has helped generate over half a billion £ in sales for the Cycle industry.
Work out your potential savings
- Tags: Cycle to work