Hygge Bikes and the UK Cycle Scheme

Hygge Bikes and the UK Cycle Scheme: Pedal Your Way to Health, Savings, and a Greener Commute

At Hygge Bikes, we believe in more than just getting from point A to point B. Whether you're on weekend adventures, commuting to work, or just cruising around town, we want every ride to be an experience. That’s why we're excited to be a part of the UK's Cycle Scheme since it will make it simpler than ever to fit a stylish, environmentally responsible bike into your daily routine.

What is the Cycle Scheme and How Does it Work?
Cycle schemes in the UK offer an incredible way to save on bikes and accessories while promoting greener commuting. Through a salary sacrifice plan that involves deducting money from your pre-tax wage, these tax-efficient plans enable employees to buy the bikes of their dreams. And the best part is, all of this is funded by your employer and offers significant tax savings through the UK government's Cycle to Work Scheme.
The process is simple: the employer purchases the bike and leases it to the employee after he selects the bike and accessories they want from a registered supplier. There is no significant upfront payment needed because employees pay back the expense over a 12- to 24-month period through wage sacrifice. Employees might even be able to purchase the bike at a discounted price at the conclusion of the lease. It's a convenient and easy method to take advantage of all that cycling has to offer.

Popular Cycle Schemes in the UK

There are several cycle schemes available, each with unique benefits and structures. Some of the most well-known options include:

• Cycle2Work (operated by Halfords) is the best place for people who want to buy bikes and accessories from Halfords' wide selection.

• Cyclescheme: One of the biggest independent cycle schemes, Cyclescheme provides a wide range of bike brands and stores.

•  Green Commute Initiative (GCI): Provides interest-free programs with no spending cap, making it a fantastic choice for expensive items.

• Bike2Work Scheme: A popular choice that supports employees in getting tax-free bikes and accessories.

• Cycle Solutions: Ensures that employees have first-rate options while giving businesses a smooth approach to give cycle-to-work advantages.

• Vivup Cycle to Work: Focused on promoting workplace well-being through affordable cycling options.

• Caboodle Cycle to Work: A program created for companies who want to give their workers affordable, flexible transportation options.

Each scheme has its own rules regarding bike price limits, employer participation, and end-of-term ownership options. If you need guidance on which cycle scheme is best for purchasing a Hygge Bike, we’re here to help. Our team can walk you through the best options based on your needs and budget.

Why You Should Consider the Cycle Scheme

There’s no better time to make the switch to an e-bike, especially when you can save big and boost your well-being while reducing your carbon footprint. One of the primary benefits for employees is that they can save up to 42% on the price of their bike and accessories because of tax savings.  For everyone interested in cycling, it's a cost-effective choice because there are no upfront fees and reasonable payments spaced out over 12 to 24 months. A wider range of people can participate in the cycle system because there are no credit checks required.

Cycling is an environmentally responsible method of commuting and has several health advantages, including keeping you energized and active. 

For employers, offering the cycle scheme has its own set of advantages.  It helps create a healthier workforce by encouraging employees to bike more, which can reduce absenteeism and boost productivity. It’s also a great morale booster, as employees appreciate a valuable perk that promotes their well-being. Employers can save on National Insurance Contributions (NIC) as well, thanks to the salary sacrifice arrangement. Plus, it’s a simple process, with third-party providers managing the administration, making it easy to implement.

How to Get Started with Hygge Bikes and the Cycle Scheme
If you’re ready to experience the joy of cycling with a Hygge Bike, joining the cycle scheme is the perfect way to get started. You can visit our Cycle Scheme page on our website to learn more about the different schemes available and how to apply.
https://www.hyggebikes.com/pages/cycle-scheme
At Hygge Bikes, we’re committed to making cycling more accessible and enjoyable for everyone. With the cycle scheme, it’s easier than ever to ride away on your very own premium Hygge e-bike. Whether you’re commuting to work, exploring your city, or just enjoying the freedom of the open road, Hygge Bikes are designed to take you further with ease and style.