You will then receive a rental agreement with an explanatory cover letter with the following steps. A set of specially selected bike and bike accessory packs is included in the options brochure available from your employer. The option brochure is intended to facilitate the selection process. We try to choose some of the bikes and kit that offer you with the best value, but you are free to choose from the massive palette included on our website. By signing the expanded lease, you are committed to insuring the bike and equipment against theft, fire or damage. Even though Cycle Solutions has the safety cycles and equipment for the extended lease period, the agreement allows you to have covered the cycle. Cycle Solutions (Cycle to Work) Limited offers special bike and bike safety packages. These packages have been carefully selected to ensure you get good value for money. However, Cycle Solutions (Cycle to Work) Limited is capable of supplying more than 500 different bike brands, ranging from budgeted models to high-end mountain bikes, racers and commuter bikes.
The “Work Cycle” programme has saved more than 1,000,000 people across britain money for a bike and/or accessories they can use to work on bicycles. You can add any new component or accessory subject to warranty agreements for the duration of the contract. These items are not covered by the Cycle to Work and must be removed when you return the bike at the end of the term of the contract. – You can eventually buy the bike and equipment in exchange for a single fair market value. A basic rule that the Department of Transport asks you to stick to is that 50% of the use of the bicycle is used for a work-related trip. This means that if you use the bike 15 times a year, about 8 of these trips should be related to your work or work journey. Of course, this is only an approximation – if you drive 4 days and weeks at work and cycle in the evenings and on weekends, that`s perfectly normal. The idea behind the program is to create enthusiastic cyclists and not penalize those who live in the saddle. No no. The scheme works because it`s your bike and you drive it to work (which generates your tax break) – you can`t have a bike for someone else. Add additional safety packs or bike gear that are needed and remember that you cannot exceed the gross monthly salary and that the total value of the goods must not exceed the system`s intended limit.