is a Cycle To Work scheme provider that has offered bikes with no £1,000 limit since 2016; now all FCA-authorised providers do so, and that's basically all of them.The amount you save depends on the cost of your bike and/or accessories and the rate of tax you pay.
If Jane earns £55,000 a year and gets the same bike, helmet and accessories, she'll end up paying £650 all in; a 35% saving. This difference is simply down to the fact that the tax and national insurance savings she'll make are greater because she's a higher earner.You can get any type of bike you like, it doesn't have to be designed especially for commuting. It can be a road bike, mountain bike, gravel bike, even an electrically assisted bike.
That said, no one is going to make you log your mileage! You are free to use the bike in your leisure time, so you can head off along the canal towpath in the evening, ride a sportive at the weekend, or take it away on holiday with you.If you leave your job or are made redundant during the hire period, you'll no longer be riding your bike to your original workplace so you're not eligible for further tax savings.
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