Cycle to Work scheme

Unfortunately it’s not possible to do this: only one loan can be held at a time per employee, and it’s not possible to change the amount applied for once an application is made. If you need to change the amount you are applying for, you'll need to cancel your application and make a new one for the new amount.

If you leave during your hire period, the remaining balance due on your loan is taken from your final month’s net pay. Cycle Scheme will then contact you with your bike purchase options.

The same principle applies for those on a Fixed-Term contract also.

An individual can only have one Cyclescheme loan to purchase a bike at a time, i.e. the 12-month repayment period must have been completed before another application is made. Furthermore it is not possible to purchase from two different retailers using the same loan, as each loan must be used at one retailer only.

However, in most cases an employee can have both a Cyclescheme loan (to purchase a bike) and a bike rental certificate loan running concurrently. For instance, payments for a Cyclescheme bike purchase loan, and for a membership to Santander Cycle may be deducted through salary sacrifice simultaneously. 

The maximum loan amount is £3,000. It is not possible to part-purchase items via the scheme and part-purchase with your own funds, so this means the scheme can only be used to buy bicycles and equipment totalling this amount or less.

Unfortunately, due to the mechanism through which it is administered (salary sacrifice), the scheme is only available to employees of the College.

We're aware that current consumer demand for bicycles is high. Cycle Scheme have put together some information to help you on their website. You can also contact their bike finder team via email for assistance.

If you take family leave (maternity, adoption, surrogacy, paternity and/or shared parental leave), the Cycle to Work repayments would continue as normal while you are on full pay (if you are eligible for the College scheme which entitles to 18 weeks at full pay). During any statutory and/or unpaid leave periods, the Cycle repayments would pause for this time until you returned to work again on your normal salary.

No – each certificate can only be redeemed at one retailer only, and the certificate amount should cover the exact cost of the bike (and associated equipment) that you are purchasing.

Your voucher can be redeemed for as long as the subscription is valid, however salary deductions will be made from your next payslip after your request is approved. 

Yes. You have 14 days to complete this directly via your Cycle to work account (you will see a 'cancel' option on there for you to click). After 14 days, you will need to make a cancellation request, which must be completed within two months of the certificate's issue date. To make a cancellation request, please email hrrewardandbenefits@imperial.ac.uk