Cycle to work

How it works

Cycle to Work schemes let employees buy a bike through their employer, leasing it for the term of the agreement and then buying it from the employer at the end, with savings of up to 48% on the cost of a new bike.

We accept vouchers from most major providers, including Cyclescheme, Green Commute Initiative, Halfords Cycle2Work, Bike2Work, Vivup and Evans. We work with many others too, so check with your employer's scheme provider to see whether we are registered with them.

How much will I save?

Savings vary with the bike you choose and your income, but here is a worked example: a £5,000 package, made up of a £4,800 bike and £200 of accessories, repaid over 12 months.

For a closer estimate, Cyclescheme provides a savings calculator based on your salary and spend.

How much can I spend?

It varies. Some employers cap the amount, others do not, and many schemes let you top up with your own money. Any top-up you pay yourself is not eligible for the savings, so you pay that part in full.

Does your employer offer a scheme?

Start by asking your HR department which Cycle to Work scheme, if any, your employer uses. If they do not yet offer one, they will need to register with a provider.

Choosing and reserving your bike

Whatever scheme your employer uses, you will be asked for details of the bike and accessories you want. At Pearson, build your specification and add it to the basket, then choose the Cycle to Work payment option. This reserves your bike, and our customer care team will help you complete the certificate process. For Cyclescheme applications, our shop code is ‘Pearsons’.

You will provide the specification to your HR department or the scheme provider, depending on the scheme. Once your employer and the provider have approved the application, you will receive a means of payment, usually a voucher or invoice, for the value of the package. We do this often, so we can help at every step.

Pearson Cycle to Work administration premium

Cycle to Work providers now charge Pearson up to 15% of each voucher to process it. This dates back to when vouchers were capped at £1,000 and stores paid a maximum of 10% (£100); the cap has since gone, but the commission structure has not changed.

To keep a check on these costs and the admin involved, we add a premium of 10% of the voucher amount, capped at £300. This can be included within the voucher as part of the total cost of the bike. We will support you whichever provider you choose, so you still benefit from sizeable Cycle to Work savings and can spread the cost across the repayment term.

We have offered industry-leading service and products since 1860, and we would like to carry on for another 160 years.

Collect your new bike

Once we have received payment, your bike is ready to collect, or we can hand deliver it for £150.

Cycle to Work with Cyclescheme

For employees

• Savings of up to 48% on the cost of a new bike, depending on your income.
• Monthly repayments spread the cost over 12 to 18 months, depending on the scheme.
• No initial down payment; your first payment comes out of next month's salary. A fully refundable deposit may be required if you want to secure a bike before your voucher arrives.
• Cycling to work is good fun and a great way to improve your fitness.

For employers

• A fitter, healthier team, less likely to need sick leave.
• Cycling relieves stress, helping employees stay productive.
• Savings through reduced National Insurance contributions.
• Possible corporation tax savings.
• Fewer parking spaces taken by people who would otherwise drive.
• A great addition to any benefits package, promoting staff loyalty.