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Cycle to Work Scheme

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hatler:
I successfully managed to influence a large corporate to adopt the Cycle to Work scheme through a little skulduggery.

I got hold of the list of people who cycled to head office and once we'd identified a suitable target (who could influence HR) I engaged in a charm offensive with his PA. She managed to line up a half hour meeting with him where we pitched the idea. Obviously he was enthusiastic and once a couple of system issues were resolved (new HR system which enabled salary sacrifice on a reducing balance) the C2W scheme was rolled out in relatively short order.

It's not what you know .....

gibbo:
I recently did my third C2W buy, but my first with my present company whose limit is £10K and not restricted to any particular supplier.

Wycombewheeler:

--- Quote from: ranran on 25 January, 2022, 05:39:18 pm ---Good evening , I work for Network rail and we currently have the cycle scheme with Cycle Solutions as the supplier.
The limit has been £1000 since I purchased my first proper road bike in 2010.
I am trying to get information on what other employers use as a provider and the limits .
I understand that some have no limit and others allow you to top up your voucher.
Anyone have experience with the more generous limits with their employer ?
£1000 now certainly doesnt get you anything like the quality of frame and components that it did in 2010.
thanks for anyone taking time to reply

--- End quote ---

I don't think any schemes allow you to top up the voucher, what arrangements you may come to with your local bike shop are another matter. Just remember that the bike is still technically owned by the company, when you are part funding it with additional money from outside the scheme. They have no obligation under the scheme t hand it over to you at the end, although of course your employer is probably not going to want to take possession of many bicycles each year.

In any case the best way to get a worthwhile bike is to seek to get the limit increased as discussed by other posters, rather than topping up.

davelodwig:
I worked at a large UK software company that ran it's own scheme.

They had a credit licence and you could have up to £7500 over 3 years on the same tax and NI perks as the usual scheme.  It helped the head accountant was a cyclist and the limit was generally based on what exotic carbon he was looking at.

Now I'm at a global consultancy and we are subject to the £1000 limit, though an increase is in the works so people can buy e-bikes.

Paul H:

--- Quote from: davelodwig on 26 January, 2022, 11:39:52 am ---I worked at a large UK software company that ran it's own scheme.

They had a credit licence and you could have up to £7500 over 3 years on the same tax and NI perks as the usual scheme.  It helped the head accountant was a cyclist and the limit was generally based on what exotic carbon he was looking at.

Now I'm at a global consultancy and we are subject to the £1000 limit, though an increase is in the works so people can buy e-bikes.

--- End quote ---
My understanding is that if a company operates it's own scheme it's still subject to the same £1,000 limit unless it has a credit license, but if they use a provider then that requirement is theirs and they all have the appropriate licenses. 
If it's possible, getting a company to administer their own is always better, you're effectively going into the shop with cash, rather than a voucher worth considerably less to the retailer than the face value. 

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