Cycle to Work Schemes

In a nutshell: The employer buys the bike for the employee, the employer claims back the VAT and then your employees pay you back out of gross pay rather than net pay, so they benefit at no loss to yourself. The below link shows you how to account for this:

Click Here For The Department For Transport Website

All we need to do is invoice the employer, we order the bike for you and the employee starts paying the employer back each month.

Some companies are set up with a 3rd party who assists them in the scheme, such as “Cycle Scheme”, “ride2Work”, "c2w Support", “Bike2work”, “Evans Ride2Work”, “Halfords Cycle to Work”, “Green Commute Initiative, previously PRO c2w”, “Cycleplus” and many more to do this. We are a partner of all of these schemes. If you would like to purchase a bike through one of these schemes please follow the steps below. If you didn’t see the scheme advertised here please contact us and we will quickly join so you can purchase our products.

How it works

1. You visit our website or visit our store to select the bike and equipment that you want. Then please request a quote from us by email, phone or in person. Promo Discount Codes cannot be used in conjunction with Scheme Purchases. You will be given a quote, and you provide this to your HR department (or whoever is in charge of the scheme at your work), to pass to the specific scheme.
2. Once you have requested a secure voucher or letter of collection, your employer confirms eligibility and approves the request. The scheme will send them an invoice for the bike package, and a hire agreement is sent to you to sign. As soon as the bike is paid for, the secure voucher or letter of collection is sent to you.
3. Your hire payments are deducted from your gross monthly salary. At the end of the hire period, you pay a Fair Market Value payment to own the bike outright.
4. You then contact us with the voucher or letter of collection and we will book you in for a collection.
5. Your new cycle and or equipment will be serviced and ready to go from our store.

Help your employer help you!

A cycle to work scheme is a great incentive for employees, and companies can save money too - every bike processed through the scheme means an employer's National insurance saving. Everybody wins, and it's time to let your employer know!

PAYE only - sorry

Your employer has to be willing to run the scheme before you can get your bike. This is because the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods – in this case, a bike, and equipment. The scheme is available to UK taxpayers who pay PAYE. Please note that the self-employed cannot take part in the scheme.

How to Order

Send an email to nicholsonscycles@outlook.com requesting a quote for the products you want to purchase – it's that simple.

To speak to someone about a quotation, please give us a call on 01382 461212