Cycle to Work
Handsling bikes are now available on the cycle to work schemes via the Green Commute Initiative, Cyclescheme, Cycle Solutions, and My Benefits World.
Please note that customised Handsling bikes, purchased via any cycle to work scheme, are subject to a fee as charged by that particular scheme's administrators. Even with this additional fee, cycle to work remains an excellent way to buy a bicycle with huge savings thanks to tax exemption.
My Benefits World
The scheme enables an employee to get a new bicycle and/or safety equipment and pay for it through their salary sacrifice, typically saving them between 32% and 45% off the cost (depending on their personal rate of tax).
Cycle Solutions enables you to get a tax-free bike. By covering the cost of the bike through a salary sacrifice, most people save about 39% of the cost. But, if you pay higher-rate tax you could save more. It's simple!
Green Commute Initiative
This scheme allows you to buy any Handsling frame, bike or set of wheels, at any price as there is no limit (it used to be £1000).
Green Commute Initiative (GCI) is leading the industry with its no limits cycle-to-work scheme.
- Ride however you want, not only commuting
- No £1,000 spending cap
- Save up to 47%, depending on your tax bracket
- Pay monthly through salary sacrifice with no added interest
- No end of scheme exit fees or additional charges
An overview can be found here: Green Commute Initiative - Employees
There is a step by step guide to using the scheme here: Step by step guide to using GCI
You can also calculate how much you can save on the cost of a new bike using this online calculator:
Cyclescheme is an employee benefit that saves you 25-39% on a bike and accessories. You pay nothing upfront and the payments are taken tax efficiently from your salary by your employer.
You can get more information here.