Wednesday, 19 June 2019

New guidance for the Cycle To Work Scheme

It was recently announced that the Government has released new Department for Transport (DfT) guidance for the cycle to work scheme!

It was recognised by the Government that getting more people in the cycling saddle is the best way to improve the UK's health, wellbeing and productivity and the most recent update shows their confidence and commitment to the scheme.

So what's been changed in the Scheme?

  • FCA Authorisation: Employers can now use Cyclescheme's Financial Conduct Authority to offer their employees cycling gear of any value.
  • Accessory Allowance: Advice on allowable cycle accessories, clothing and components has been broadened to encompass everything a rider needs to commute by bicycle.
  • No more Top-Ups: Employees can no longer add fund (or 'Top-Up') as they could in the past and this is now a no-go zone!

Cyclescheme is the simple way to get a brand new bike to start your cycling commute. Join today in 4 easy steps:

1. Choose your Cyclescheme package

Get the gear that suits your commute. Go for a bike, a bike and accessories, or just accessories – it’s your choice.

2. Submit your application

Go to the signup page on our website and complete your details.

3. Get your Cyclescheme package

Once approved, arrange to pick up or have your gear delivered to you.

4. Transfer Ownership

After 12 months, we transfer ownership to you for a one off fee.

Get in touch with us today to find out more about how you can benefit on +44 (0) 1242 231 690.