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 is £1,000 inc. VAT (unless your employer has their own Consumer Credit Authorisation). 

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?

As a general rule, if the total value of the bike and/accessories you require for your cycle commute is in excess of your Employer’s maximum limit, you may be able to add your own funds to the Certificate value. 
As there are a handful of employers that don't allow this practice it is advisable to check with your employer, or our Contact Centre.
I think I can save more than £1,000...
Some employers have their own Financial Conduct Authority (FCA) authorisation and allow their employees to request Certificates worth over £1,000. Although this is the exception rather than the rule (approx. 5% of employers are able to do this). Again, feel free to check with your employer, or our Contact Centre.
Please remember 🚨

If you choose to add your own funds, you need to remember that you will not make a saving on anything over the maximum Certificate value available via your Employer’s scheme and all Equipment will remain the property of your Employer during the Hire Agreement.

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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