What is the Cycle2Work scheme?

Cycle2work is a government initiative which offers the most cost effective way to get new cycles and equipment. The scheme is ran through participating employers, meaning you do not have to pay tax or NI on these products saving you up to 42%. You pay through your payslip over 12 or 18months.

If your employer has signed up you can get a bike and accessories from us here at Pedal “n” Go.

  1. Apply through your employer
  2. Receive your voucher/ e code
  3. Visit our shop to choose your bike and accessories
  4. Ride it away

Q. Can I spend more than £1000 on the Cycle2Work scheme?

In 2019, the government removed the traditional £1000 limit for the Cycle2Work scheme – great news, as this made many more bikes available under the scheme!

However, the amount you can spend on your Cycle2Work scheme still depends on your employer who chooses the limit. If you’re unsure of your company’s maximum limit, contact your HR department.

Q. What happens at the end of the Cycle2Work scheme?

This can vary slightly depending on what your employer has chosen. At the end of your hire agreement, Cycle2Work will get in touch with you to explain all your options and ensure you make the best savings possible!

Q. How long does it take to get a bike on the Cycle2Work scheme?

Once Cycle2Work have received your application, this will be forwarded to your employer for approval.

After this is approved, you’ll receive your letter of collection by email. You’ll then be ready to pick up your new bike and accessories! It couldn’t be easier!