How the Cycle to Work Scheme works: The tax free way to get a new bike

The Cycle to Work scheme has now been going for over 20 years but it still gives a chance to save cash

Cyclists in London
(Image credit: Getty Images)

It was 1999 when the Cycle to Work Scheme was brought into existence with the aim to get more people cycling to get people healthier and the environment better looked after.

The scheme allows employees to spend tax-free cash on bikes and other cycling equipment which allows them to make a saving of up to 42 per cent.

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Monthly salary sacrifice£83.33
Savings per month£26.66
Savings per year£320
Total payment towards £1,000 bike£680
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Age of equipmentOriginal price <£500Original price >£500
12 months18 per cent25 per cent
18 months16 per cent21 per cent
2 years13 per cent17 per cent
3 years8 per cent12 per cent
4 years3 per cent7 per cent

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Tim Bonville-Ginn

Hi, I'm one of Cycling Weekly's content writers for the web team responsible for writing stories on racing, tech, updating evergreen pages as well as the weekly email newsletter. Proud Yorkshireman from the UK's answer to Flanders, Calderdale, go check out the cobbled climbs!

I started watching cycling back in 2010, before all the hype around London 2012 and Bradley Wiggins at the Tour de France. In fact, it was Alberto Contador and Andy Schleck's battle in the fog up the Tourmalet on stage 17 of the Tour de France.

It took me a few more years to get into the journalism side of things, but I had a good idea I wanted to get into cycling journalism by the end of year nine at school and started doing voluntary work soon after. This got me a chance to go to the London Six Days, Tour de Yorkshire and the Tour of Britain to name a few before eventually joining Eurosport's online team while I was at uni, where I studied journalism. Eurosport gave me the opportunity to work at the world championships in Harrogate back in the awful weather.

After various bar jobs, I managed to get my way into Cycling Weekly in late February of 2020 where I mostly write about racing and everything around that as it's what I specialise in but don't be surprised to see my name on other news stories.

When not writing stories for the site, I don't really switch off my cycling side as I watch every race that is televised as well as being a rider myself and a regular user of the game Pro Cycling Manager. Maybe too regular.

My bike is a well used Specialized Tarmac SL4 when out on my local roads back in West Yorkshire as well as in northern Hampshire with the hills and mountains being my preferred terrain.