Want to get fit and save money on a new bike? Then the Cycle to work scheme is perfect for you!
LOROS have a scheme with Evans Cycles which is approved by the government and HM Revenue and Customs compliant. /ride-to-work
LOROS is set up as an employer. Our employer reference is HO-CT01839940
Any employee can go in to Evans Cycles, choose the equipment they need, up to the value of £1,000
The employee then applies for the certificate: /ride-to-work-apply/certificate/get-certificate-step1
We are sent an e-mail asking for the certificate to be authorised.
Once authorised, LOROS are sent an invoice to pay for the equipment
Once paid by LOROS, the employee is notified by e-mail that the certificate is ready
Use the certificate to purchase equipment
Employee repays LOROS using salary sacrifice on a monthly basis, which will be automatically administered by LOROS payroll. Employee benefits through tax saving of 32% to 42%. /b2b/ride-to-work/savings-calculator - see calculate your savings at bottom of screen.
Any questions, please contact the Finance team!
