Offer smarter commutes with a Cycle to Work scheme
Featuring the largest range of bikes in the UK, our Cycle to Work scheme provides a cost-effective and healthy alternative to costly rush hour journeys.
Trusted by 7,500+ businesses worldwide
How does the Cycle to Work scheme work?
Our Cycle to Work programme enables your people to spread the cost of bicycles and cycling equipment through salary sacrifice reductions over a set period. It’s simple, flexible, and built to support everyday commutes.
- Manageable monthly instalments via payroll
- No credit checks or upfront costs
- Easy to manage through a single platform
- Fully HMRC compliant and FCA authorised
Please note: salary sacrifice cannot take employees below the National Minimum Wage or National Living Wage.
What's included with Perkbox
Offer a wide range of cycling products
Our Cycle to Work benefit offers access to an extensive range online and a network of local bike shops.
- Shop online or in-store at 1,300+ retailers
- E-bikes, adaptive bikes, safety equipment, and more
- Flexible options at the end of the term
Encourage greener ways to get to work
Support your sustainability goals and help reduce carbon emissions with an impactful benefit your people can feel good about. Perkbox helps you to:
- Reduce your organisation’s carbon footprint
- Attract top talent by leading with your values
- Showcase your commitment to environmental responsibility
Featured brochure
Take a peek at the platform
Find out how one simple app can help you support and motivate your people with wellbeing, benefits, and engagement – all in one place.
Promote healthy habits across your team
Cycling to work is a great way to help improve wellbeing. With access to top bikes and safety equipment, your team can feel energised before the workday begins.
- Encourage regular physical activity
- Help boost energy, mood, and focus at work
- Support a culture of wellbeing
Help your people save on their daily commute
Cut commuting expenses by offering lower-cost alternatives for employees who travel into the office and save money through salary sacrifice.
- Reduces the cost of public transport and fuel
- Avoid rising expenses from car upkeep and parking
- National Insurance contribution savings for you and your team
Success story
"I would say Perkbox is the HR system that gives the most value, purely because it gives employees the freedom to choose what they want."
Frosso Skoteinioti
People Operations Manager
Success story
"It's one of our only benefits that is completely global and for us that’s really important. When we launch something new, we try to think — can we do it through Perkbox?"
Louise Sparkes
Senior People & Culture Manager
Success story
"From a culture and engagement perspective, one really important thing we have here at Open GI is ensuring it feels like a level playing field across the company — that no parts of the business feel alienated from the rest of the company."
Nick Sturdy
Internal Communications Executive
Success story
"Prior to Perkbox we had a degree of inconsistency and a lack of transparency around the type of benefits that we were able to provide. That is something Perkbox has most definitely solved for us."
Hayley Pearce
Organisational Development Manager
Success story
“It’s something extra that people really appreciate. There are so many different choices on Perkbox they like to engage with, and the platform is very easy to navigate.”
Lucie Bendakova
HR Manager
Success story
"The challenge was to find a really good benefits package that would reward people consistently and would suit everybody’s likes and needs, based on where they were. It was really difficult to do that before Perkbox."
Gemma Wells
Digital Programme Manager
Success story
"Every single metric at Traveltek has gone up since we got Perkbox."
Cressida Sergeant
Chief Commercial Officer
Power up your benefits with Cycle to Work
Cycle to Work FAQs
How does Cycle to Work salary sacrifice work ?
A salary sacrifice is where an individual gives up the right to receive part of their cash pay due under their contract of employment. In the case of the Cycle to Work Scheme the individual agrees to accept a lower amount of salary in return for the organisation providing a bike and/or cyclist safety equipment for their commute to and from work. The Gross Salary reductions and End of Agreement Fee deduction at the end of the scheme will be made directly from employees' salary through Payroll.
How do employees make savings?
As the salary sacrifice reduction is taken from your gross salary, employees will save Income Tax, National Insurance and Pension Scheme contributions (if they are a member of a Pension Scheme) on the amount of salary sacrifice they pay. Payslips will show the gross salary reduction amount and savings will depend on their own personal tax situation. The HMRC website can be used for further information Cycle to Work scheme implementation guidance for employers - GOV.UK.
What is the maximum value that employees can order through the scheme?
Your organisation can set a maximum value limit for Cycle to Work purchases. The combined order value of bikes and/or cyclist safety equipment cannot exceed this maximum value limit at any one time. When purchasing a bike and/or cyclist safety equipment on our website, this limit will be displayed at the top of the page whilst employees are browsing and only bikes and/or cyclist safety equipment within this limit will be displayed for them to select from. If employees choose to place an order using a quote from a bike shop, the maximum value limit set by your organisation will display when they add the quote value. Please note that the salary sacrifice cannot take employees below National Minimum Wage/National Living Wage, so the amount they have available may be lower than this limit.
Can employees top up and pay the balance personally if they want a bike and/or cyclist safety equipment over the limit set by my organisation?
No. The bike and/or cyclist safety equipment value cannot exceed the limit set by your organisation and no top ups are permitted.
Can employees order more than one bike through the Cycle to Work scheme?
You can order up to two bikes through the scheme, but they must both be used for you to commute to and from work. For example, you may get a train to work and require a bike at either end of the train journey, to cycle between your home and place of work. Please note, the combined total value cannot exceed the limit set by your organisation at any one time.
Who is eligible to join the scheme?
All individuals on PAYE payroll are eligible to apply. Salary reductions must not take you below National Minimum Wage/National Living Wage or exceed your organisation’s scheme limit. Please note that those engaged either on a ‘zero hours’ contract or on a casual/temporary basis for a period not exceeding three weeks will not be eligible to join.
What happens if the bike gets stolen, lost or damaged before the end of the agreement?
It is important that you make suitable provision to safeguard the bike against loss damage or theft. You may take a specialist insurance policy, but it may be easier to add the bike to your usual household policy. If you are making a claim, some specialist insurance companies may ask for proof of ownership. It is important at the time of taking insurance that you make the insurance company aware the bike is part of a hire agreement and who the owner of bike is (you will find this information on your hire agreement). If the bike is stolen, lost or damaged, your salary sacrifice will continue until the end of the agreement and the End of Agreement Fee will be deducted.
What happens if an employee leaves their job before my organisation has recovered the bike cost through salary sacrifice?
Under the terms of the salary sacrifice agreement you will agree to settle all outstanding monies before you leave. The outstanding balance will be deducted from your final net salary payment, after tax and National Insurance contributions. This is because you will no longer be riding your bike to your original workplace meaning you are no longer eligible for the tax saving. Subject to payment for the minimum period of hire, there is also the option to return it to your ex-organisation (among a number of other options). Please note, it is not possible to transfer the agreement from one organisation to another.
Will employees own the bike and/or cyclist safety equipment?
No. The Cycle to Work Scheme is a hire agreement with no right to ownership.
Perkbox Limited is an Appointed Representative of SME HCI Limited (trading as Perkbox), of 3 Dorset Rise, London EC4Y 8EN, who are authorised and regulated by the Financial Conduct Authority (Ref 626422). UK Only, 18+, subject to status, terms apply.
*Up to 42% savings: Figures shown are a guide only and dependent on your own personal situation. Excludes End of Agreement fee (if applicable). Bikes available may be subject to your organisation scheme limit.