Buying through a scheme like this is a great way to find an affordable e-bike. Your employer or work provider purchases the bike (plus any bike accessories you require), and you pay it back over the year-long hire agreement with savings thanks to pre-tax salary sacrifice. Plus, it's super straightforward to get started - just contact your HR department or work to make sure they're registered, and get cycling!
So, which electric bike package is right for you, and how does it work exactly? Find out how to work out the total savings and start making healthier journeys to work at a reduced cost on a new bike (plus skip crowded public transport and reduce your carbon footprint while you're at it)...
What is a Cycle to Work Scheme?
Essentially, any cycle to work scheme is an extended hire agreement where your employer agrees to front the cost of a bike (and accessories where required). After the end of your hire period through the scheme, you'll be able to choose to upgrade or sign an agreement to own your current e-bike.
As part of the agreement, you'll pay less national insurance and income tax through your PAYE system. Then, your employer claims back the VAT on the bike. So it really is a win-win. With a programme like Cyclescheme - the leading provider of cycle-to-work bikes in the UK - participants typically save 25-39% on a new e-bike for work. After you've chosen your bike and your employer has sent in your application, you'll get a Cyclescheme certificate or voucher to exchange directly with us or in your nearest bike shop. You pay your employer back through a monthly payment salary sacrifice scheme (which comes out of your gross salary rather than net pay, so before tax).
Can you get an electric bike on a cycle to work scheme?
Not only can you get an e-bike (and accessories) through cycle to work schemes - you can also save money and spread the cost of paying for it too. We've highlighted some of the top electric bikes in our range that are available via Cycle to Work schemes, so you can choose the best model for you.
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Motus Electric Bikes
The Motus is powered by a Bosch motor and has an intuitive display to monitor your ride. The range includes hub gear and derailleur models, so there's something to suit everyone. Full mudguards, integrated lights, and a rack that’s happy carrying the weight of your day all come as standard. Ready when you are, and then some.
Novus Electric Bikes
Designed to carry more and go longer, it comes fitted with front and rear mudguards, integrated lights and a rugged 25kg rear rack. Expect ergonomic grips, a Selle Royal Essenza saddle and your choice of crossbar or step-through frame. With battery ranges of from 80-110 miles, the Novus is perfect for a longer commute!
Captus Electric Bikes
Captus gives you the kind of e-bike tech you’d associate with a bigger price tag. It’s powered by a Bosch e-system with a 400Wh battery and Active Line motor, built to handle city commutes, weekend rides, and everything in between. If you want premium performance without the premium price tag, this is it.
Hockley Electric Bikes
Designed for the discerning urban rider, the Hockley redefines city commuting with timeless style, premium comfort, and the powerful assistance of the Bosch Performance Line SX motor and 400Wh battery. Named after Nottingham’s vibrant Hockley district, this e-bike carries the soul of the city in every detail.
Can I save money on an electric bike with a cycle to work scheme?
Yes! Employer schemes are designed to encourage people to choose to cycle to work rather than drive, so there's a great incentive for you to take part.
Many workplaces are already signed up to government initiative cycle to work schemes as an employee benefit. Because your contribution comes out of your salary before tax, you won't be paying National Insurance and tax on the payments. If your employer isn't yet signed up to a scheme, it's really quick and simple to do so.
If you're looking for a cheap way to buy an e-bike, a work cycle scheme is a great option. It allows you to save and spread the cost of electric bikes, including those listed above. Find out how much you could save with the Cyclescheme savings calculator.
Ready to get going with a cycle to work scheme? Read our top tips on cycling to work and you'll be on your way!
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