The Cycle to Work scheme allows you to pay for a new bike and accessories through monthly salary sacrifices. Compared to simply walking in to a shop and buying a bike, you can end up saving up to 42%.
I imagine that by now most London Cyclist readers know about this. I’d like to hear from you in the comments (can be anonymous) about your company (again, don’t have to give the name of the company!) and whether they offer the scheme.
It will be interesting to hear what percentage of companies are bike friendly.
A good friend of mine works at travel company Directline Holidays and he got a new Trek 1.2 road bike. (I always like to take a little bit of credit whenever a friend of mine gets in to cycling!)
Some companies offer the scheme, but are more restrictive. There’s often only a certain time frame in which you can buy a bike. For example, another friend had to wait 6 months before he could get a bike.
Where I used to work, there was always talk of the scheme being introduced, but it never actually came around. I was always quietly nudging the human resources department to get the scheme introduced. My selling point is that healthy cyclists get ill less often, so we cost the company less money!
If you think your company should be offering it, then you can get companies, such as Evans Cycles, to get in touch with them.
We’ve previously written a guide for new cyclists detailing which bikes we recommend for people just starting out. In terms of accessories I would start with:
- Two bike locks (this is London after all) – Ideally an expensive D-lock (around £60) and a cable lock.
- A puncture repair kit
- A pump
- A pair of bike lights
Leave a comment below..
Does your company offer the cycle to work scheme? If they do then did you get your bike through there or did you purchase it separately? How easy was it to take part in the scheme?
If your company doesn’t offer the scheme, do they have any plans to introduce it?
Look forward to reading your responses!
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As seen on The Guardian, BBC and The Independent.