What is the cycle to work scheme Hire Period?

The cycle to work scheme is in the first instance a 'hire scheme'. This means that you get to hire your bike and/or accessories tax efficiently and make a saving (see 'How are cycle to work savings made?' for more information).

This means that the Hire Period is the initial period of hire; it's usually 12 months from when you collect the bike. At the end of the Hire Period, you select an ownership option and that's it... you're done!

Helping hand ‚úč

Remember, you can only have 1 Hire Agreement at a time. So if you already have a bike in an active Hire Agreement, you'll need to wait until you've finished it before you can reapply.

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