Tax is complicated, Cyclescheme isn’t.
You choose a bike, hire it for an agreed length of time, and then snap it up for a fraction of its original value. All while making huge savings (at least 25%!) as payment is taken from your wages before tax, so you pay less and still get to spread the cost! Want to know more?
Find out how to join Cyclescheme today in 4 simple steps:
What is Cyclescheme?
Cyclescheme is the UK’s leading provider of tax-free bikes for the Government’s Cycle to Work initiative.
It’s a brilliant programme where everyone wins – employees make big savings on new bikes, whilst employers get a healthier, more motivated workforce and evreyone enjoys significant savings.
Services to employers are provided completely free-of-charge and include secure access to a scheme management website, online Hire Agreements that minimise paperwork, expert advice and scheme marketing tools. Any size of scheme is catered for and we have a well- established reputation for fast and efficient service.
If you are an employer and you are not yet a Cyclescheme member – click here to get involved
So how does Cyclescheme work?
Get the Wisper gear that suits your commute. Go for a Wisper bike, a Wisper bike and accessories, or just accessories – it’s your choice. With Cyclescheme, you can
buy your new Wisper eBike online and have it delivered to a retailer of your choice! Choose your favourite
eBike and accessories, and put together your own perfect commuter package up to the value of £1,000. Don’t forget – with Cyclescheme you can shop from sale
at Wisper Bikes, making your money go even further.
Once you have decided which Wisper bike and accessories you require, you just need to request your certificate from Cyclescheme here and let them know you’re ready to get your new bike! Once it’s been approved your certificate will be issued via email to you ready for you to get your Cyclescheme package
It’s time to trade your certificate for your Cyclescheme package. Simply fill your shopping basket with the items you want – your new Wisper eBike and accessories – and redeem the certificate at checkout. The value of the certificate will be deducted from the total cart balance. This is when your Hire Agreement kicks in and you start making impressive tax savings (at least 25%!). For the next 12 months, you’ll pay a fixed amount from your salary every time you’re paid. This is taken from your pre-tax salary and reduces the amount of Income Tax and National Insurance you pay resulting in great savings. For standard rate payers this is 25%, or for higher rate 42%.
After 12 months, we transfer ownership to you for a small one-off fee. If your Cyclescheme package was under £500 you’ll pay just 3% of the original value, or for packages over £500 you’ll pay just 7%. So if you had a package worth £1,000 you’ll pay just £70. And that’s all you need to do!
For the next 36 months, your Cyclescheme package will remain ‘hired’ with no more payday payments to make. At the end of this time, ownership of your package will automatically transfer to you.
What are the benefits?
LET BOB EXPLAIN…
If you’re still not sure whether Cyclescheme is right for you, take a look at how Cyclsescheme changed Bob’s life.
Bob was fed-up with the traffic jams and rising fuel costs until he found out his employer had enrolled in Cyclescheme. He quickly realised that he could save 25-35% on the cost of a new ebike and spread the cost!
Now Bob is happier, healthier and has a brand new eBike to boot!
See how Cyclescheme has improved Bob’s commute.
How much can Cyclescheme save you?
SEE HOW MUCH YOU CAN SAVE WITH CYCLESCHEME TODAY!
You choose a bike, hire it for an agreed length of time, and then snap it up for a fraction of its original value. All while making huge savings (at least 25%!) as payment is taken from your wages before tax, so you pay less and still get to spread the cost!
Once you’ve chosen you Cyclescheme package, simply complete the calculator and work out how much you are able to save!
WHAT IF YOUR EMPLOYER DOESN’T OFFER CYCLESCHEME?
Over 50,000 companies are currently actively enrolled in Cyclescheme. They get great benefits from offering Cyclescheme in addition to happier, healthier employees.
So if your employer isn’t, its probably just because nobody has asked them yet! Simply ask your employers to sign up to the scheme – we’ll do the rest.
STILL HAVE QUESTIONS?
Why not take a look through our FAQs to see if we can answer your question below:
At least 25% – all in! If you’re a higher rate taxpayer, you’ll save at least 35%!
Almost any item you need to cycle to work including lights, locks, helmet and clothing. Go for a bike, a bike and accessories, or just accessories – it’s your choice.
It’s an agreement between you and your employer. This details what you’re hiring, for how long and with what repayments.
This depends on how you get paid – weekly, monthly, 4 weekly, etc. Also, how long your Hire Agreement is in place for. For most people, this is 12 equal payments taken from your salary across 12 months.
A voucher that’s delivered direct to your inbox. Redeem this online or in-store for your Cyclescheme package.
Simple answer: tax. To benefit from Income Tax and National Insurance savings, an ‘Ownership Fee’ needs to be paid.
The Ownership Fee is a set percentage based on the age and value of your Cyclescheme package. At 4 years old, 3% needs to be paid on packages less than £500 and only 7% on packages over £500.
Your employer is now able select certificate limits beyond £1000. Please check with your employer or Cyclescheme to identify your employers maximum limit.
Yes sale bikes are permissible on Cyclescheme with Wisper.
No, your certificate must cover the full value of your equipment.
No, we firmly believe that our retailers are the best place to collect bikes. Their knowledgable staff will set the bike up to your individual requirements and guide you through the operating systems, answering any questions you may have and ensuring you leave the store happy!
No, the certificate is redeemed in full once only. Please make sure you add everything you need to your basket before you redeem your certificate!
No, please remove items from your basket until the value matches your certificate.
Add items until the basket value matches the certificate value. Note if you proceed to redeem, your certificate will be redeemed in full, regardless of the value reaching the certificate value, and any difference will be lost. We recommend you select items to match your certificate value.
Please get in touch with the Wisper team and we can help you out.
OUR TRUSTPILOT REVIEWS
Quality, performance and good looks.
I like the build quality, no rattles whatsoever, the gear changes are simple and precise, the performance from the motor is excellent, when folded you won’t want to carry it far but if like me you only go as far a the car boot, then fine. At the age of 71, cycling is now more fun than when I was was a teenager…. I say get a Wisper, you won’t be disappointed.
Great value and easy to use
My first electric bike and over the moon with it. Very easy to manoeuvre. I live at the top of a steep hill which was horrendous on my pedal bike but now feels as if i’m cycling on a flat road.
Great design, the flexibility available on power packs make the 806 an ideal companion to our motorhome. Great to see a British Company leading the way
A big thank you to Wisper bikes for…it’s certainly a Wildcat
A big thank you to Wisper bikes for their excellent support in buying the exceptional Wildcat Carbon e bike. It’s a dream to look at and ride.
Great folding E Bike, first class ride.
easy to adjust from a normal bike to the EBike with wisper. I have been highly delighted with the performance of this bike, I am 67 yrs old and found the battery assistance really helpful although I only use this function occasionally. With the additional throttle on the handlebars I can whizz up steepish hills without further injury to my joints. I have only had my Wisper bike for 3 weeks but would recommend it if you are thinking of buying an EBike. Also a big thank you to the guys in Frodsham where I purchased the bike who took the time to explain all the functions to me in detail.
I LOVE my new bike!
Haven’t cycled for years mainly because we live on a steep hill and I could’t face the cycle home. Also my legs are quite weak after breaking my leg in an accident. With my new bike I raced up the hill no problem and can easily keep up with my husband! It’s early days but so far I LOVE my bike! It has greatly restored my confidence, and I am looking forward to getting fitter as well as having fun!
Great bike to ride either with or without assistance
Great bike to ride either with or without assistance. The electric motor makes all the difference to enjoying cycling for someone of older years, and weaker knees than in my youth. Multiple levels of assistance mean you can choose how much help you want from the bike depending on the gradient, or how tired you are. Gear change easy, comfortable saddle, and the bike looks good.
Wisper 705 Torque – an excellent choice
I’ve moved to the Wisper 705 Torque model from a different brand. I’ve been riding it for about 10 days and it’s been excellent in nearly every aspect. There were a few minor teething issues but all were resolved with support from my local dealer as well as from Wisper.
Queries were responded to promptly and it’s a great bike.