Save between 26% and 40% on your new bike and accessories with Cyclescheme

How does Cyclescheme work?

Cyclescheme is the employee benefit that can save you 26-40% on a new bike and accessories of your choice. The payments are taken directly from your gross salary by your employer.

You can choose a bike (including e-bikes), a bike and accessories, or just cycle accessories. With many employers offering no limit on how much you can spend through the scheme, Cyclescheme is the perfect way to gear up to cycle commute.

The simplest explanation is that Cyclescheme acts as an employee benefit, in the form of a salary sacrifice.

This means that you agree to give up part of your salary in exchange for a benefit – in this instance the benefit is a bike and/or accessories. The salary sacrifice is taken from your gross salary (before tax) which means that you will pay less Income Tax and National insurance.

It is worth noting that there is no credit check if you wish to participate, and if you are under 18 you can join the scheme if your guardian signs a guarantor agreement. Being on probation should not affect your eligibility — if you are unsure, please check with your employer.

Cyclescheme have produced a particularly helpful video to help explain this.

CYCLESCHEME CALCULATOR

Use the Cyclescheme calculator to check how much you can save.

Frequently Asked Questions

Cyclescheme is a way to pay for your new bike through a monthly salary sacrifice. The payments are taken directly from your gross salary which means you don’t pay any interest fees and you reduce the amount of Income Tax and National Insurance you pay.

With Cyclescheme, you save 26-40% on your new bike through tax effi cient payments. Once you’ve checked your employer is signed up to Cyclescheme, you can go ahead and ask us for a quote or place an order if you’ve already got a certificate.

Most employers choose not to set a Cyclescheme order limit. This means you can get the exact bike or e-bike and
accessories you need to cycle commute. Visit cyclescheme.co.uk, select ‘I’m an employee’ and enter your employer’s name to see your limit.

No, you can’t add your own money when paying with Cyclescheme as per the Cycle to Work scheme guidance.

To start a return of a bike, please complete an online Cancellation Form. If you have not yet collected your order, our Rider Support team will be able to issue a refund* within two working days.

If you already have receipt of your order, once our Rider Support team emails you to confirm that you are within the return window, you can then return the bike to the Liv dealer store where the order was collected (or in the case of home delivery, to the Liv dealer store who delivered your order).

Please bring proof of purchase, the owners' manual and any other additional items supplied with the bike.

Once Liv UK have been informed that the returned item is in resellable condition, a refund* will be issued back to the original payment method.

*If the order was placed using a finance payment method, the payment plan will be cancelled and any monies debited, refunded.

Once you have applied for your certificate, the process typically takes between 3-14 days, depending on how quickly your employer processes your application. If you have an application in place, you can check the status via your Cyclescheme login here

The standard period for a Cyclescheme Certificate is 12 months. Some employers
do off er 6, 18 and 24 month schemes. You will ultimately need to check with your employer.