Salary Sacrifice
Cycle to Work & Salary Sacrifice Bikes in London
Get a new commuter bike and safety equipment completely tax-free through your employer. By using a salary sacrifice scheme at our South East London shop, the typical saving for an average tax-payer is between 38% and 45%!
Cycle Scheme Providers We Accept
We partner with the UK's leading Cycle to Work providers to make getting your new bike as easy as possible. We proudly accept vouchers from:
- ✓ Cyclescheme
- ✓ Halfords Cycle2Work
- ✓ Vivup
- ✓ Green Commute Initiative (GCI)
- ✓ CycleSolutions
- ✓ Bike2Work
If your employer uses a different provider, just give us a call—we can likely accommodate it!
How to Get Your Tax-Free Bike
- Check with HR: Ensure your employer is signed up for a Cycle to Work scheme.
- Choose Your Gear: Call into our Catford store and choose your ideal bike, lock, lights, and helmet. We will provide a formal quotation.
- Apply: Submit the quote to your employer's scheme portal.
- Confirm: Contact us once your application is approved to secure your order.
- Collect: Bring us your digital voucher or Letter of Collection (LOC), and ride away on your new bike!
The Rules & Your Savings
- Tax-Free Payments: You take a salary sacrifice for the cost of the bike, usually spread over 12 to 18 months. Because it comes out of your gross wage, you pay less Income Tax and National Insurance.
- Commuting Rules: The bike is for your exclusive use. At least 50% of your mileage should be work-related travel, though you are not obliged to cycle to work every single day.
- End of Scheme: After the agreed rental period, you usually have the option to purchase the bike outright at a 'fair market price' (typically just 2.5% to 10% of its original cost).
Start Your Cycle to Work Quote
Ready to upgrade your commute? Use our online Cycle Schemes enquiry form to submit your requirements to the Compton Cycles team today.
