UK Cycle-to-work scheme to include eBikes!

[Lithium]

Government ushers in new era of green commutes with e-bike Cycle to Work scheme

Cyclescheme | Cyclescheme no longer has a £1,000 limit - Cyclescheme

Key points:
- Previous £1000 limit is gone
- Employers can choose to have a higher limit or no limit
- Equipment, security and clothing can be included in the purchase

Whilst eMTB are probably not their focus, I can't see anything in there that would stop me buying an S-Works Levo and riding that to work ...

 

[Adam]

Awesome news!

Was planning to try and ask my employer to adopt the green commute initiative, didn't fancy my chances. They already do Cycle2work though. Should be much easier.

 

[Jdog]

When is this due to go Live?

There is a different scheme already Live that is uncapped https://greencommuteinitiative.uk however my employer does not offer this scheme so it would be super handy if the government sort out their dated scheme.

 

[Lithium]

Don't know exactly - on the Cyclescheme site they haven't listed all dates yet. I read elsewhere (can't find it now) that it could be as soon as August/Sept, guessing employers need time to sign up or change terms etc. At high level it appears that the gov/cyclescheme are trying to make it very easy for employers to update their limits without having to change contracts etc but time will tell.

 

[Tetsugaku]

I own my own limited company and I bought the Turbo Levo for 3.5K straight out of the company. Didn't pay VAT which helps a lot

 

[Bigwig]

I got a used Levo through bike to work. Paid using the voucher and put the balance on an interest free credit card. Both repaid over 1 year, simples.

 

[MattyB]

I got a used Levo through bike to work. Paid using the voucher and put the balance on an interest free credit card. Both repaid over 1 year, simples.

Yes, but remember many schemes don’t allow you to top up with cash and you don’t own the bike for 3-4 years. That (plus the fact the benefits are now pretty marginal for storage tax payers) is the bit I really don’t like, though I did buy my last analogue MTB this way.

 

[Bigwig]

I got a used Levo through bike to work. Paid using the voucher and put the balance on an interest free credit card. Both repaid over 1 year, simples.

Yes, but remember many schemes don’t allow you to top up with cash and you don’t own the bike for 3-4 years. That (plus the fact the benefits are now pretty marginal for storage tax payers) is the bit I really don’t like, though I did buy my last analogue MTB this way.

My scheme doesn’t allow top up. The shop took care of that bit.
They sound like great company’s to work for offering 3-4 years job security
Never seen a scheme go over 13 months myself, 13th month being the final % settlement payment.
I hear you that all schemes are different though