Good morning,
The recent news articles on the scheme change are great news and Cyclescheme is working with employers to implement the changes.
However, this will take a little time and it must be noted that employers do not have to opt into the new scheme (although we will be making it very easy for them to do so).
As I email you today, the Government has announced the change but not implemented it. Cyclescheme will work to update all employer schemes swiftly, once the guidance is actually implemented by the Government. In order to keep yourself and all other interested parties informed we've created a webpage that explains the change and makes clear our timeline of changes.
If you are interested in getting a bike now, you may wish to consider the following:
The bike is £1,000 or less - simply apply in the usual way
The bike is £1,000 or more - delay application until the guidance is formally announced or get a bike for £1,000 or less now
If you are going to delay, consider chatting to your employer to find out if they will be willing to move to a £1,000+ scheme in the near future? If they are, Cyclescheme will be able to move them onto the new version of the scheme (with a higher or removed limit) at their request shortly.
Keep an eye on Cyclescheme's new guidance page for more info:
https://www.cyclescheme.co.uk/cycle-to-work-scheme-any-price
Kind regards