Why use a Cycle Scheme?Updated 2 years ago

Opting for a Cycle Scheme allows you to lease the bike and cycling equipment from your employer. Monthly deductions are made from your gross salary to cover the bike's cost, typically spread over 12 months. The deductions are taken pre-tax and pre-National Insurance (NI), resulting in substantial savings ranging from 25% to 35%, depending on your tax band.

Cycle scheme not only covers purchasing a bike, it also includes any accessories you may need. This means it’s an ideal time to get that saving on the essentials you will need for your new Temple cycle.