CycleScheme - How Does It Work?
VeloChampion is proud to be part of the CycleSheme. By signing up to the Cycle Scheme, you could be entitled to 25-39% off cycling accessories via your employer.
How does it work you ask? Check out the video below to see how easy it is to get started.
What is Cyclescheme? from Cyclescheme Ltd on Vimeo.
How it works
The cycle to work scheme allows employees to obtain commuter bikes and cycling accessories through their employer, whilst spreading the cost over 12 months and making unbeatable savings through a tax break.
- The employer registers with Cyclescheme - this only takes about 5 mins. Once registered they will be able to access free of charge promotional resources to help them publicise their exciting new employee benefit.
- The employee visits their local bike shop or browses online to decide what they want; they then apply via the Cyclescheme website. The employer reviews their request and if they are eligible pays for the equipment.
- The employee receives their bike and starts their salary repayments. After 12 months the employer will have recovered their costs and generated up to 13.8% in savings. The employee will be given their ownership options.
Interested? If you still have further questions about this, don't hesitate to drop us an email at info@maxgear.co.uk or find out more on the CycleScheme website.
Want to calculate how much you can save? Have a go with Cycle Scheme's savings calculator below.
