What is the Cycle To Work scheme?
Hoops is partnered with a number of Cycle schemes. All of these offer quick services to help provide you a new bike and accessories at a lower cost to you which are usually spread out over 12 months. This allows you to have a nice new bike and accessories, right now without having to pay the full cost up front.
HOW DOES IT WORK
The cycle schemes allows you to get up to £10,000 worth of Bikes, clothing, accesssories and parts through your employer. Once you have collected the goods to the voucher value, you’ll pay the cost back to your employer over 12 months out of your wages before tax. Your employer will own the goods until the end of the hire agreement, each scheme works slight differently as to the lengh of the hire/ownership and what happens at the end of the hire.
HOW MUCH CAN I SAVE?
Usually on average it is been 25% - 39% But can be up to 50%
Saving Calulators-
THE SCHEMES WE ACCEPT
THE PROCESS
What can I purchase with the Cycle to Work Scheme?
You can purchase any bike and accessories that you may require to ride into work. We find most customers choose locks, lightsets and a helmet with their bike. In general, if it can be fitted to your bike you can include it on your voucher. below is a list of allowable items:
-Helmets
-Clothing
-Locks
-Lights
-Mudguards and Racks
-Child Seats/ trailers
-Car Racks
-Pumps and Tools
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Whats not included
-Kids Bikes
-Computers including GPS
-Bikes for Partners
-Turbo Trainers
-Energy Products/ Nutrition