Cycle to Work with 2Pedalz
What is It?
Here at 2Pedalz, we are delighted to be able to offer you the cycle to work scheme. Not sure what the cycle to work scheme is? Well, it’s a great way for you to save 25% on a new bike and accessories. How? By paying through your salary before you pay tax on it. Higher rate payers save even more
For most schemes there is a limit of £1,000 and that can be for the bike and for certain accessories (such as clothing or lights) and despite the name, you don't need to cycle to work on the bike that often if you don't want to...
Effectively you hire purchase the bike over 12 months and then decide to purchase it outright at the end of the term, or if you want get a new bike.
How does it work?
Step 1: Pick your package.
There are 3 packages available these are:
- Cyclescheme package (bike and accessories)
- Bike package (bike only)
- Accessories package ( accessories only)
You can choose your package in store or online on the cycle scheme website- www.cyclescheme.co.uk
Here is a link to our page on the website: http://www.cyclescheme.co.uk/retailer/2-pedal-olney
Our retailer code is 2PEDA002.
Step 2: Submit your application
It takes just a few minutes to complete the online form!
Step 3: Receiving the package
Once everything is approved and HR have issued your voucher, you can either come and collect your new bike or have it delivered, which is also free if you live within 50 miles of our store. After this you will begin to see some changes in your salary as the "salary sacrifice works through."
Step 4: Transfer ownership
After you have completed your hire period, you can purchase the bike (for a small fraction of the original cost) or get a new one. So what are you waiting for - get cycling!
want to order a bike or find out more?