Cycle to Work Scheme

Make huge savings on cargo bikes

We're delighted to be able to offer the cycle to work scheme on our range of cargo bikes, which can be a great way to make them more affordable.

The cycle to work scheme is a salary sacrifice which enables the user to make massive savings whilst effectively also paying in instalments rather than a single lump sum. Essentially the user's pre-tax salary is reduced by the value of the bike, meaning the user does not pay income tax or national insurance on the sacrificed salary. It is here that the savings are made, as the user will potentially save between 25-47% depending on the scheme used and their income tax rate.

For example, using the Green Commute Initiative scheme (our favourite, due to their industry low exit fee), a person earning £30,000 annually before tax could purchase a £5000 cargo bike package and agree to a salary sacrifice of 24 months with their employer. This person would sacrifice £150 per month for 24 months, making their total payment effectively £3,600. This is a saving of £1,400 (28%), and the payment has been spread over a period of 24 months. Yes... it really is that good.

The above is an example using the Green Commute Initiative scheme. Your employer may use another scheme with different conditions and exit fees (the cost of transferring the ownership to you at the end of the scheme), which you should read up on before applying.