Cycle To Work Schemes
Green Commute Initiative is the industry-leading and award-winning cycle-to-work scheme with no limits. GCI’s scheme has no £1,000 limit and no scheme exit fees. You can save from 32-47% (depending on your tax rate). Pay monthly through salary sacrifice with no added interest. Salary sacrifice periods can be from 12-60 months. Get an E-bike or conventional cycle through GCI and help reduce congestion and pollution whilst improving your health, fitness and mental wellbeing.
We are proud to work with Cyclescheme to offer a "Cycle to Work" scheme enabling you to purchase bikes & accessories.
Cycle to work operates as a 'salary sacrifice' employee benefit. This means that the employee agrees to give up part of their salary in exchange for a benefit – in this instance the benefit is a bike and/or accessories. The salary sacrifice is taken from their gross salary (before tax) which means that the employee will pay less Income Tax and National Insurance (NI) and that the employer will reduce their National Insurance Contributions (NICs) bill.
Your employer needs to be signed up to the scheme for you to benefit from it, they can do that here - Cyclescheme Employer
You can calculate your savings with this happy "Cyclescheme" Calculator - https://www.cyclescheme.co.uk/calculator