Backed by the government, Cyclescheme is a fantastic way to save money on a new bike or accessories. The scheme lets you pay for your order monthly, through salary sacrifice, meaning you don’t pay any tax, national insurance or interest on your purchase.
Effectively your employer buys your bike and equipment and then leases it back to you, deducting the cost from your salary as a non-cash benefit. If you’re a standard rate taxpayer, you’ll save a minimum of 25%!
An update to the Cycle to Work guidance from the government means that Cyclescheme can now offer bike and accessory packages over £1000.
Head to the Cyclescheme site and get your Cyclescheme certificate using your employer’s code and our retailer code Cycle Republic (online). You’ll be able to use this certificate to pay for your package on cyclerepublic.com.
Once your certificate has been issued, it’s time to shop! Choose the products you’d like in your package on cyclerepublic.com and add them to your basket. Look out for the cycle to work symbol to check what you can buy with your certificate.
Got everything? Click on the basket icon in the top right corner of the screen and choose ‘check out with cycle to work’. Then, enter your details in the checkout. We’ll check again that everything you’ve bought is eligible and that you haven’t gone over the value of your certificate
It’s as simple as that – all that’s left to do is wait for the postman with your kit or collect it in store and start riding!
How does it work?
Cyclescheme lets you save loads of money (at least 25% for standard rate taxpayers!) and pay in instalments for your bike and accessories. If your employer has signed up, you can request a certificate from Cyclescheme and use this to pay for your order at cyclerepublic.com.
What can I buy?
Look out for products with the cycle to work symbol:
Cycle to work can be used to buy a bike and accessories for riding. This includes loads of different things like clothing or safety equipment, but there are a few exceptions. For example, components, cycle computers, cameras, and kids’ bikes. You’re also only allowed to buy one bike per transaction when you use Cycle to work online.
If you want to be sure, keep an eye out for the cycle to work symbol as you shop. Don’t worry, though – we check your purchase before accepting your certificate to make sure that everything is OK.
Want to see how much you can save? Use the calculator below to find out!
Using your certificate
Using your certificate online is simple. Once you’ve been issued with your certificate, shop as you normally would on cyclerepublic.com by adding your chosen products to your basket. When you’ve got everything, click the basket icon in the top right corner and choose ‘check out with cycle scheme’.
From there, it’s easy! You’ll be asked to enter your certificate details in the checkout, and we’ll check your basket to make sure that there’s nothing in there that can’t be purchased with Cyclescheme and that you haven’t gone over your certificate value.
Remember, even if your basket total is less than the value of your certificate, your salary sacrifice will be based on the full certificate value. Make sure your basket total is as close to the certificate value as possible so you can get your money's worth!
If your employer is signed up to Cyclescheme, you can head to www.cyclescheme.co.uk and follow the instructions there to be issued a Cyclescheme certificate.
How much money can I save?
Because you save on tax and National Insurance, a standard rate taxpayer will save a minimum of 25% through Cyclescheme. Normal savings tend to be between 25% and 39%!
Can I use my certificate online?
Yes! Using your certificate online is simple. Just follow the instructions in the ‘How to’ section on this page.
What can I buy with my Cyclescheme certificate?
Your certificate can be used to buy a bike and accessories. Keep an eye out for the Cyclescheme symbol on eligible products.
How much can I spend on a bike and accessories with Cyclescheme?
The maximum amount you can spend on Cyclescheme is set by your employer. Historically many employers had a £1000 limit, but new government legislation released in June 2019 means that this is no longer the case for most companies. This change means you’ll be able to save on the full value of any bike or cycle to work bundle.
My employer has set a £2000 limit and I’d like to buy a £2500 bike – can I top-up my Cyclescheme purchase with my own funds?
This is not allowed. Please contact your employer to discuss their limit. If you wish to spend more than your certificate value, you will need to cancel it and reapply.
My employer is requesting a quote; please can you provide one?
Absolutely. Please contact your local store directly. We’re afraid that our customer support team cannot provide quotes.
My Cyclescheme voucher doesn’t work, can you help?
When using a Cyclescheme redemption code online at cyclerepublic.com please check that your voucher’s retailer code is Cycle Republic (online). The voucher is also case sensitive. In our checkout, please type it exactly how it appears. This could also be because your voucher has expired. Please contact Cyclescheme directly.
Can I spend some of my voucher now and some later?
No. The voucher is single use.
I’ve brought something that’s the wrong size. I’d like a refund or an exchange.