Cycle to Work Schemes

Bike2Work Scheme – Cyclescheme and Bikes for the NHS

The various ride to work schemes are a government incentive to promote a “Green Transport Plan”  This allows any employer to join the scheme and give the advantages to employees to obtain a bike and accessories through their salary.

The amount is deducted at source so you get to buy the bike over 12 months with tax free salary, typical savings are 32% going up to 42% for high tax rate payers.

bike2work_2_

So in simple you get a bike a third cheaper and you pay over 12 months

directly through your salary, no direct debits to set up or payments to make, simply enjoy your new healthier life style on a bike.

cycleSchemeLogoOnce you have your bike and start riding to work you will see the benefits in your health promoting a healthier life style plus the money you save from driving a car or public transport are very likely save you more than you salary sacrifice.

I am sure you are now thinking it is cold or wet in the UK!  Luckily you can buy the correct accessories to keep you safe,

warm and dry through the scheme, so your only choice is do you want a Hybrid, Mountain Bike or a Sporty racer. Visit the shop today for a trial ride and a wealth of advise.

Why not offer the scheme to you whole work force and reap the benefits of a healthier work force and I dare say if you convinced nearly all your work force to join the scheme you may get some free publicity. Promoting a health life style through cycling is a great team building exercise.bikesnhslogohires

We will add you to our special web page promoting Healthy Business listings with details of your company as well.

Annual Salary £18000

Bike Total plus accessories £1000
 Income Tax Saving  £200
National Insurance saving  £120
Deductions over 12 months seen on your payslip  £83.88
Deductions over 12 months NET Costs after tax savings applied  £56.67
Total Cost of Hire through Salary Sacrifice  £680
Total saving  32%
Total saving  £320

Annual Salary £46000

Bike Total plus accessories £1000
 Income Tax Saving  £400
National Insurance saving  £20
Deductions over 12 months seen on your payslip  £83.88
Deductions over 12 months NET Costs after tax savings applied  £48.33
Total Cost of Hire through Salary Sacrifice  £580
Total saving  42%
Total saving  £420

All example figures are for illustration purposes and may differ from your exact circumstances.

Savings are calculated using the current income tax values for 2014 2015 and are subject to change without notice.

There are a number of different companies administering the scheme, we currently use:

cyclescheme.co.uk
bike2workscheme.co.uk
Bikes for the NHS

Bikes for NHS Scheme please speak to your employer for your voucher.

The NHS scheme is part of the government bike scheme and is already set up in your work place.

With the scheme your purchase can also include accessories:

  • Helmets
  • Locks
  • lights
  • Reflective or High Vis clothing