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Bike carrier polygoncoffee workshop hong kong. Cycleschemes easy to follow processes and unrivalled retail network means saving 25 39 on a bike and or accessories has never been easier. Using your bike to commute to work or school is different than going out for a recreational ride. Cycle to work scheme is a uk government tax exemption initiative introduced in the finance act 1999 to promote healthier journeys to work and to reduce environmental pollutionit allows employers to loan cycles and cyclists safety equipment to employees as a tax free benefit.
Because the deductions are from gross salary it means you pay less tax and ni saving you 32 42 depending on tax banding on a bike of your choice andor safety accessories. Cycle to work is a salary sacrifice scheme. You have to be prepared for all types of weather.
Cycling to work has in our opinion always been a fantastic way to stay healthy save money and look after the planet. Two of our most popular bikes are the triban rc 520 road bike and the tilt 500 electric folding bikes. But with social distancing in force across the globe due to the coronavirus.
The exemption was one of a series of measures introduced under the governments green transport plan. You need to make sure youll absolutely get there on time. Recumbent biking especially on free moving bikes still requires work from the core muscles to remain stable but the wide padded seat and seat back make for more comfortable riding.
Your employer buys the bike for you to ride to work and you hire it from them. The scheme can feel complex but in practice its easy. However cycle solutions cycle to work limited is able to supply over 500 different cycling brands from budget models to top of the range mountain bikes racers and commuting bikes.
Choose your bike and equipment up to the value of your voucher. Some of your riding may be in low light conditions like early morning and evening and in rush hour traffic so you have to be visible to. The cycle to work scheme has seen well over 1000000 people across the uk save money on a bike andor accessories to use when cycling to work.
The bike and equipment are leased to you by your employer who will deduct monthly salary sacrifice amounts from your gross salary to cover the cost of the equipment.
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