One of the cool things about GCI is that you are not restricted by the normal £1,000 limit of other cycle to work schemes. That’s right, no limits! How is this possible? Well, GCI is authorised and regulated by the Financial Conduct Authority. Check out our FCA certificate .
Not into E-bikes?
No problem, you can get a normal bicycle through our scheme. You’ll still get all the scheme benefits, it’s just that you’ll have to work harder pedalling to work. But hey, that’s up to you!
Power away on E-bikes
But what’s so great about E-bikes? What’s not to love! You can sail over hills and cruise long distances, all because of the battery. This powers the bike, when you want it to, so whenever you feel cycling is taking too much effort, activate the power and away you go. We call it the E-bike smile. Once you’ve been on an E-bike, you’ll never look back.
E-bikes are great for commuting as you can cycle in your business clobber and not get all hot and bothered. What’s more, you’ll turn up to work on time, feeling energised and not stressed from the commute. As a cycle to work salary sacrifice scheme, you could save up to 48.25%* on the price of a bike. And as the industry’s leading scheme, we don’t charge exit fees. How refreshing!
In an ideal world
As we said earlier, we are a Social Enterprise. We want more people on bikes. Why? Think of a world where there is less congestion, less pollution, less crowding on public transport and more car park spaces for motorists. A world where employees become healthier, happier and more effective. We can dream or we can make it our mission. Which is exactly what we did.
* The Government announced on the 23rd September 2022 that from 6th November 2022, the temporary 1.25 percentage point increase in National Insurance rates is being reversed for the rest of the financial year.
From 6th November 2022, the savings on the Cycle to Work Scheme will reduce from 33.25%, 43.25% or 48.25% to 32% for basic rate tax payers, 42% for higher rate tax payers or 47% for additional rate tax payers.
The scheme savings will change again in April 2023 when the income tax rate for basic rate tax payers is reduced from 20% to 19%.