Cycle Schemes

Here at Southsea Cycles we are partnered with 4 different cycle to work schemes. 

Why choose to participate in a cycle to work scheme? 

  • It's tax free
  • It's really easy to set up via an online form
  • It's free to sign up 
  • Cycling is much better for your health and the environment that driving a car!

How much can I spend? Up to £1000

Is it just for bikes? No, you can get accessories in your package too. For example:

  • Helmets
  • Lights
  • Mirrors
  • Locks 
  • Bells

Who owns the bike? Technically your employer does and then loans it to you during the hire period, however at the end of the hire agreement a couple of options are available.

  1. One final payment can be made to transfer the ownership over to yourself. If your package was less than £500 then 3% of the voucher total will need to be paid, or for packages over £500 then 5% will need to be paid.
  2. You can extended the hire agreement with your employer. 

 

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