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(or salary sacrifice!)
The government offers a tax incentive to help get more cyclists exercising and riding to and from work. This helps to keep cars off of the road and encourage people to get (and stay) fitter, and we agree with the old saying that a healthy body equals a healthy mind!
If you are a UK tax payer then your employer can allow you to effectively save tax towards towards a bike and accessories. We know accept a number of different schemes which mostly work in the same way:
You choose your bicycle and get a quote.
You take the quote back to your employer and hand it over (normally to the HR or finance department) - if they are not already signed up it's quick and free to do.
A voucher is then generated which you bring to the shop and we give you the bike.
You then pay for the bike over installments - but it is deducted from your wages before tax is paid - so you save at least 25% (or maybe more) if you are a UK taxpayer.
The schemes we currently accept are as follows:
For full details of how this works - check out this link
The Green Community Initiative have no upper limit to their scheme, it covers your selected bike, clothing, safety equipment and panniers are allowed. however, bike computers, power meters and GPS devices are NOT permissible. the procedure is generally as follows:
For more details about the Green Commute Initiative click here
Vivid provide a number of employee benefits, one of which is their cycle to work scheme. There is no upper limit unless imposed by your employer, the process is very similar to the other schemes, as follows:
For more details about the Vivup cycle to work scheme click here
My Benefits World also provides a selection of employee benefits, one of which is their cycle to work scheme, this works in the following way:
For more info about my benefits world click here
The cycle scheme has recently been added to our accepted Cycle to work scheme partners, they are a little slow on payment to us, so sorry if it takes a bit longer
The process is as follows:
Note this scheme can take up to 30 days before payment is received and the goods are released
The process is very similar to the others:
For more info about the caboodle cycle to work scheme click here
Please note - we do not accept Halfords cycle to work scheme