Handsome Bicycles / Hastings

Cycle to work scheme

A cycle to work scheme is a government backed initiative to help finance a bike and get more people out cycling. Employers can sign up to a scheme which allows their employees to make a salary sacrifice in their wages to off set the cost of a new bike.

 

How it works:

  • Check with your employer to find out if they have a cycle to work scheme.
  • You choose a bike at our store
  • Your employer buys the bike for you
  • You pay back your employer over 12 months (taken out of your wages)
  • The benefit to you is that, because the repayment comes out of your wage check you do not have to pay taxes on the repayment - saving you 20% to 47% ( dependent on your tax bracket ).

We accept vouchers from a wide variety of cycle scheme providers click on a logo to find out more.