How Does A Bike To Work Scheme Work
Bike to work ltd offers employers a totally free service to help you take advantage of the government initiative offering tax free bikes for work using the bike to work scheme your company can purchase a brand new bike and safety equipment worth up to 1 000 tax free for your employees.
How does a bike to work scheme work. The cycle to work scheme is not. Cycle to work scheme. Employers cycle to work scheme. You choose a bike hire it for an agreed length of time then snap it up for a fraction of its original value.
Under the scheme an employer can pay for a new bicycle including bicycle accessories and the employee then repays the cost in regular installments from their gross salary. The cycle to work scheme is a great way for uk cyclists to save at least 32 per cent off the cost of a bike and cycling equipment. Under the scheme your employer can buy a bicycle and safety equipment for you. Save 25 39 on a new bike for work.
The cycle to work scheme generally known as the bike to work scheme is a tax incentive scheme to encourage employees to cycle to work. The cycle to work scheme is designed to help you save money on a new work bike and spread the cost of the bike over monthly tax free instalments through your employer. There is a limit of 1 000 per bicycle purchased. It s like a year round sale with interest free credit available in over 2 000 retailers nationwide.
This scheme aims to encourage you to cycle to and from work. It s been used by over 1 6 million commuters working for over. How does the scheme work.
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