Can I participate in the cycle to work scheme?
To participate in the scheme you must receive your salary via the Pay As You Earn (PAYE) and be a working adult aged 16 or over. Your employer needs to be signed up and your earnings should be more than the National Living Wage (NLW) or National Minimum Wage (NMW) after the salary sacrifice is taken from your gross salary.
If you are paid on or near NLW/NMW, your employer will be able to offer an alternative means of applying to participate in the scheme and you will still be able to benefit through reduced cost of hire.
It is worth noting that there is no credit check if you wish to participate, and if you are under 18 you can join the scheme if your guardian signs a guarantor agreement. Being on probation should not affect your eligibility - if you are unsure, please check with your employer.
If you are not sure how to apply or what the next steps are, there's a bunch of useful information below:
I know my employer code
If you've decided on your dream cycle-to-work package, chosen a retailer and you're ready to roll - it's time to log in and apply. As you know your employer code, please enter it in the employer code box on our homepage then click 'Let's get started'.
I don't know my employer code
An employer code allows you to apply via your specific employer's scheme. You may not know your employer code for a few reasons...
- Is your employer signed up? Ask your line manager or contact your HR department.
- Are you self-employed? You can sign yourself up as long as you pay your tax via PAYE.
- You've forgotten the code? Use the employer search tool or ask your manager.
Employer search tool
|You are an employer yourself and wish to sign up!||VISIT OUR EMPLOYER AREA|
|You would like to encourage your employer to sign-up.||INVITE YOUR EMPLOYER|
|You'd like to contact Cyclescheme?||CONTACT US|
Can I apply for cycle to work schemes without an employer?
If you're unemployed or self-employed you sadly cannot take part in Cyclescheme. As you don't pay PAYE tax you cannot sacrifice your salary tax efficiently.
Why can't those that are self-employed use cycle to work schemes?
Cycle to work schemes operate as salary sacrifice schemes. This means that in order to take part in a cycle to work scheme you need to pay tax and National Insurance through PAYE.
As a sole trader, you will pay income tax and National Insurance once a year based on your profits, under Self Assessment. This in effect means that you don't actually receive a salary, and without s salary to sacrifice you're unable to take part in a cycle to work scheme such as Cyclescheme.
Can I apply for cycle to work schemes if I'm a company director?
Yes, you can take part in cycle to work schemes if you're a director of a limited company, even if you're the only employee - assuming you pay yourself a salary through PAYE, and that salary exceeds National Minimum Wage after the salary sacrifice is deducted from your gross salary.