How It Works
1. Employer Code
If your employer has a live scheme, you’ll either be given an employer code to sign up directly through Cycle2Work, or be pointed towards your benefits portal to apply.
2. Choose your bike/accessories so you know the total value you are applying for
3. Sign up
Now that you have your employer code and total value, you’re ready to apply.
4. Approval
Once your employer has approved your application, you’ll receive a letter of collection (LOC) which is used to buy your bike.
5. Use your letter of collection
Use your letter of collection by messaging us in live chat or by emailing us at info@enviroelectricbikes.com and we will redeem and send bike out to you.
6. Pay Monthly
Once your scheme starts, the salary sacrifice will be deducted out of your payslip over 12 or 18 months.
7. End of scheme/Ownership
At the end of your agreement, we’ll get in touch to discuss what you want to do next. This will include the option to enter a zero-cost ‘extended hire’ arrangement. With this option, the items will remain in your possession until HMRC deem the value to be negligible. Once the happens, you’ll automatically become the rightful owner!
