How much can I spend on the cycle to work scheme?

The maximum Certificate value available via the scheme for the vast majority of participants has been £1,000 inc. VAT for many years. 

However, employers have increasingly offered schemes with a maximum value of over £1,000 (where they have their own FCA Authorisation) and the Government has recently (13/06/19) broadened it's guidance in this area, making it easier for employers to use Cyclescheme's FCA Authorisation to offer schemes without limits.

Helping hand 🖐

The process of switching all employers over to Cyclescheme's new ' Freedom to ride' scheme (where they can use Cyclescheme's FCA Authorisation to increase their limit) is likely to take a little while. It also has to be noted that not all employers will choose to offer a limit of over £1,000.   

Cyclescheme can update employers' scheme settings swiftly, but businesses often have processes they need to go through in order to make changes to benefits (like Cyclescheme). 

If you're keen to make the most of the higher new limit, we recommend that you chat to your employer and check if they intend to increase their limit. Cyclescheme will be able to support them with this change as soon as they are ready.  

For the most up to date information on this, please visit:

It's very rare for employers to have a minimum spend, but this can occasionally be the case (at the employer's discretion). Unless you've been told otherwise, it's fairly safe to assume this will not apply to you. 

Can I add funds?

The Government (by way of the Department for Transport) have recently (13/06/19) updated their guidance on this matter and clarified that adding funds is not allowable.
If you wish to spend more than your Certificate value, you will need to cancel it and reapply.
How can I check what my employers cycle to work limit is?
You simply need to enter your employer's name or code into the 'I'm an employee' section of the Cyclescheme website and check the welcome message. 
Example of an employer that has no limit:

Example of an employer that has a £1,000 limit:

Helping hand 🖐

Once you have successfully logged into the site with your employer name or code, the whole site will be customised for you. 

For example, the calculators will only allow you to crunch numbers based on your employer's scheme settings.

For a personalised savings figure that includes ownership fees, visit our calculator and enter your details. 

You can search to see if your workplace is signed up using the search box on Cyclescheme's homepage.

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