Cycle to work scheme.

[Jamieg285]

Not sure if it varies by provider, but in order for them to qualify for the tax breaks, the bike isn't your's for a further two years after the payments have completed.  Even then, you have to buy the bike to complete the transfer (small amount, mine was about £65 for a £950 bike).

All in all, the saving was minimal and not really worth doing. You can probably match the savings by shopping around and getting a good deal from a dealer.  Note that if buying with cyclescheme, the dealers revoke any deals they offer to normal cash sales.

Sadly, most of this is too late for you.  Now you gone a couple of months into the scheme, I doubt there is any wriggle room to get out of it.