Cyclescheme is a government scheme which lets you save money on a bike and equipment by paying monthly through a salary sacrifice. This way, you can get your kit without paying any tax, national insurance, or interest.
Behind the scenes, your employer buys your bike and equipment and then leases it to you by deducting it from your salary as a non-cash benefit. Overall, you can save a minimum of 25% if you’re a standard rate taxpayer!
GET YOUR CERTIFICATE
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 Cyclescheme 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 Cyclescheme’. 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 Cyclescheme symbol:
Cyclescheme 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 Cyclescheme online.
If you want to be sure, keep an eye out for the Cyclescheme 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!
JUST BECAUSE YOU HAVE THE BIKE FOR RIDING TO WORK, THERE'S NOTHING TO SAY YOU CAN'T ALSO ENJOY RIDING FOR FITNESS AND FUN
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.
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%!
Yes! Using your certificate online is simple. Just follow the instructions in the ‘How to’ section on this page.
Your certificate can be used to buy a bike and accessories. Keep an eye out for the Cyclescheme symbol on eligible products.
Got questions about Cyclescheme? Click here to head over the Cyclescheme’s FAQ page.
What Is Cyclescheme
Save at least 25% on a new bike