There are many Schemes providing tax free bikes, i.e. Bike2work , Ride2work, cycle2work, cycleschems etc but they all follow the same route as is determined by HMRC and OFT .

Please have a look at the information below, and for more information go to the provider’s website by clicking on the relevant logo link. If you require anymore information regarding cycle schemes, then please complete the contact form with relevant information. City Cycles is a Leading independent Store based in Leicester, with 2 stores carrying a full range of Bikes  from  Raleigh, Diamondback, Claud Butler, Falcon, Mongoose, Gt, We The People. With such a vast stock we will be able to cater for everybody’s needs. We also have a dedicated workshop with fully trained mechanics and sales staff to ensure you have the best experience on your commute to and from work,Due to be provided with correct and helpful advice when choosing your bike and accessories.


Cyclescheme provides unrivalled administrative and promotional services to employers of all sizes wishing to set up a Cycle to Work Scheme benefit for their employees. Cyclescheme offer the most admin-friendly scheme for employers and the greatest choice of bikes and equipment for employees.  To get a better feel of who we are and what we do, here’s a list of some of the aspects of our service that we are most proud of:

Sounds confusing?

Here’s an example of how the savings work during the hire period, assuming the following:

  Salary before
scheme participation
Salary during
scheme participation
Monthly Gross Salary £1,200.00 £1,200.00
Bike value including VAT
Gross salary sacrifice total
(this amount appears on the hire agreement) 
Monthly Gross Salary after salary sacrifice
Monthly NIC contribution (12%)
Monthly income tax contribution (20%)
Net Salary 
MONTHLY NET SALARY REDUCTION £816.00 minus £787.67= £28.33
MONTHLY SAVING £41.66 minus £28.33 = £13.33

So, because the participants pay less income tax and NIC their NET salary reduction is less than the GROSS salary reduction, and this is how savings are achieved. In this example, the employee makes a £41.66 contribution to the employer, but it only costs them £28.33, resulting in a saving of £13.33 per month.

Our Stores

City Cycles (2 mins from Fosse Park)
78 Narborough Road South

Tel: 0116 2894499

City Cycles (Thurmaston)
1A Humberstone Lane
Thurmaston, Leicester

Tel: 0116 2640654