Employees are able to purchase a bicycle through Cycle to work scheme up to value of £1000 or through Green Commute initiative Scheme up to the value of £3,000 (Both Electric and Mechanical Bikes) from the shops that are registered under one of these schemes and pay via salary sacrifice. Essentially, as your gross salary is reduced it means that the tax and national insurance contributions are also reduced, resulting in cost savings to you! You can also claim expenses if you use your bike to travel during work time (i.e. to and from meetings).