Cyclescheme

Dredging an old thread but how easy is it to buy individual parts with cyclescheme rather than a full build?

You need to buy a bike is what I understand - perhaps the way around is that it does not prevent from buying ANY kind of bike of ANY price plus any bits you want? You apply for a voucher value, so perhaps you may get away with just parts?

A friendly LBS can make things happen for you.

But strictly speaking you should only be buying a whole bike on the scheme.

Two years back you could 100% buy whatever you wanted, it was explicit in the rules.

Looking now it seems more vague.

I’m pretty sure sigma will do whatever you want. If they have what you’re after call them.

I bought a frame from Mason recently, partly paid for through the Cycle 2 Work scheme, so as long as the vendor you are buying from is playing ball, it’s feasible.

Cool thanks all

I have just used 'cycle2work' at a branch of Balfes.
No issue with using the voucher and adding cash on top.

Whether Balfes are any good is a matter for another thread.

Apparently Cycle2work (aka Halfords) scheme is one of the few that doesn't have a month 13 or month 36 [mini] baloon payment of 7% of the initial voucher*. The lady at my office who does the payroll/benefits did a full review of all the main schemes and has been assured that one only pays for 12 months..

*unverified statement.

The trade off, as noted above, is that this scheme isn't universally accepted and some bike shops will charge a premium for purchases through this scheme.

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You also save the NI, so a £10k sal sac deduction on £125k would change your net take home by £3,800. This site is helpful if you want to take a closer look at the tax impact.

so it really is that simple then? pretty strong argument to get a new bike