CycleScheme through Stan Jones Cycles

Cyclescheme is working with a network of independent bike shops to supply the nation with quality tax free bikes and equipment for work. We have a wealth of experience organising no-hassle tax free bikes for employees.

Who are Cyclescheme?

Cyclescheme are an independent company created to help both employers and employees make the most of the Green Transport Plan Initiative and associated tax concessions offered by the Chancellor.

Cyclescheme use their industry experience and trade contacts to get you riding to work on a bike of your choice from your local preferred bike shop.

Who is entitled to use Cyclescheme?

Under this agreement, employees who have contracts of employment that outlast the duration of the salary sacrifice (pay back) period can benefit from obtaining a tax-free bike and accessories (safety equipment).
Employees must be over 18 years old and have exceeded the employer's probationary period (if applicable).
Employees must pay tax via the PAYE system.

Who actually owns the bike?

The bike and goods remain the property of your employer until the hire period finishes.
If your employer buys the bikes using external finance then the finance company will own the bikes during the hire period and not your employer.
Either way, at the end of the hire period you may be given the opportunity to buy the bikes for a fair market value (plus VAT).