We accept cycle to work certificates from Cycle Scheme, and Green Commute Initiative (GCI ), below is an explanation on how both schemes work, although they are both similar - your HR dept will be able to advise you on which scheme your employer is signed up to.
Green Commute Initiative guide.
Step 1: Employee expresses interest in scheme and speaks to their HR Dept to gain permission to get quote. Third party finance can be arranged where necessary.
Step 3: Employee goes to a registered bike shop and chooses bike package. Bike shop gives price (Please ensure they will honour the price for 30 days).
Step 4: Employee fills in the form on our Instant GCI quote page (this could be done in the bike shop).
Step 5: Proforma is generated and the employee takes it to employer to be paid. Akira will make this payment where third party finance has been used.
Step 6: Salary sacrifice agreement and hire agreement are e-mailed to the employee to be e-signed. Once both documents are signed, GCI pays the bike shop via a self-invoice.
Step 7: Voucher is e-mailed to the employee so they can collect their bike. It is vital that the employee takes the voucher and photo ID with them when collecting their bike.
Step 8: GCI e-mails a copy of the salary sacrifice agreement to the employer and if applicable, an invoice paid with instructions on how to handle the VAT element.
Step 9: Employee’s salary is reduced through salary sacrifice for agreed period of time. The employer will start to repay the third party finance if used.
Step 10: After the hire agreement period ends, GCI invites the employee to enter into a free of charge loan of the bike for a further five years and nine months.
Step 11: After loan period ends, the employee makes nominal £1 payment to take title ownership of bike. Bike has no market value at this point
Cycle scheme explanation video.