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Bridgtown Cycles Supported schemes

Get Traffic Free and the freedom of a new bicycle

At Bridgtown Cycles we support all of the leading Cycle to Work providers to offer employees the very best choice of product. If you cycle to work, you can save up to 39% on a new bike and safety equipment thanks to a government backed scheme that makes buying a new commuter bike much more affordable. The Cycle to Work Scheme is a salary sacrifice. This means the cost of a new bike and equipment is deducted from your salary as a non-cash benefit, so you save on tax and national insurance. Your employer effectively buys the bike and equipment on your behalf, then leases it back to you through an interest-free salary sacrifice scheme.

Reasons to sign up

  • Save up to 39% off the cost of a new bike
  • Cycling to work helps you stay fit and healthy, burns a lot of calories, and reduces your carbon footprint
  • The cycle to work scheme is awesome as it enables you to get all manner of cycling gear at a significant discount (whilst also spreading the cost).

You can get any accessory that keeps your bike wheels turnings, for instance:

Safety accessories - that help keep you and your bike safe; helmets, bike lights, reflectors, mirrors, bells, locks.
Essential accessories - necessary to cycle commute; clothing and shoes, mudguards, panniers, backpacks, child safety seats.
Components and parts - that keep your bike in great shape; pumps, puncture repair kits, cycle tool kits, tyre sealant, groupsets, wheels, cranksets, cassettes.

How much can I spend?

Up until recently £1000 was the upper limit (at least for companies without their own consumer credit license).

However, new legislation has removed the £1000 limit for bikes under the Governments Cycle To Work initiative, so employers can now apply to have no limit on the value of certificates issued to employees! This new limit is available now so your employer can start applying for a higher (or even unlimited) Cycle To Work limit straight away!

If you want to benefit from this new higher limit, all you need to do is get in touch with your employer or HR department and ask them to apply for a higher limit through their chosen Cycle To Work provider. Then you can apply for a higher value certificate and save on your dream bike!

Adding funds or ‘topping-up’ – with the new government guidance on scheme limits, it is now no longer possible to ‘add funds’ or ‘top-up’ your voucher to buy a higher value bike. This means that if you are looking for a bike or package worth £1000 or more, you must go through the new process with your employer or scheme provider to request a voucher for the full value.

Cyclescheme supported at Bridgtown Cycles

Here at Bridgtown Cycles we are proud to support the following cycle to work schemes:

Cyclescheme
Cycle Solutions
Bike2Work Scheme
Green Commute Initiative
Vivup
C2W Support
Cycleplus

What can I buy?

You may buy any type of bicycle, be it a road bike, E-bike, hybrid, mountain bike or a folding bike but it cannot be a childrens bike. You can also use the voucher to get any safety equipment you need for commuting. This might include:

Helmets
Bells and Bulb horns
Lights
Mirrors
Mudguards
Panniers, Luggage
Locks and Chains
Pumps and repair kits
Reflective clothing

What can't I buy?

Items listed below are not to be used with a cycle scheme voucher:

Nutrition
Training equipment (Including Smart Trainers, Turbo Trainers, Rollers or accessories)
Bicycle Computers (Including Wahoo, Garmin, Lezyne, Stages etc)
Actio Camera's

Do I Have to ride to work on it?

When you get a bike via the cycle to work scheme it's vital that you get in the saddle and ride to work!

There is a rule of thumb that the Department for Transport asks you to adhere to, this is that 50% of the bike's use is for a work-related journey. That means if you use the bike 15 times in a year, approximately 8 of those journey's should be connected to your commute or work use. Of course, this is just an approximation - if you are riding to work 4 days and week and then also riding your bike in the evenings and weekends this is absolutely fine. The idea behind the scheme is to create avid cyclists, not penalise those who live in the saddle.

What happens at the end of the hire agreement?

To keep the scheme tax free, there can be no guarantee you employer will transfer ownership at the end of the hire period. However, this is usually what happens. Because HMRC has set fair market values that the employer must pay to keep the bike, you may be asked to pay 18% of the value for a bike costing less than £500, or 25% for one costing £500+ More often, though, your employer will agree to extend the hire period by up to 36 months. During this time you make no further payments and at the end of the term the bike's fair market value is considered negligible and ownership will be transferred to you.

We recommend you discuss the options at an early point with your employer or scheme provider. You may have 3 options; firstly, to extend the hire agreement; secondly, to return the cycle and equipment. Thirdly, you may be able to buy the cycle and equipment under a separate agreement and valuation guidelines at the time