FINANCE & TAX-SAVING CYCLE TO WORK SCHEMES
Buying a new bike doesn’t have to involve the initial cash outlay that you might imagine. We have a number of options - finance with a 0% option and several cycle-to-work schemes where payment is made from gross income with significant savings in personal income tax.
Ask us for details and a plan that suits you - just call 01789 840056
Ride It Away Finance - with 0% option
Cycle to work tax-saving schemes
Popular scheme with a £1,000 upper limit (but it does include the cost of accessories and safety equipment)
A revolutionary new cycle to work scheme with no upper limit on value of the bike or accessories.
Call us on 01789 840056 or Ask for details in the shop
What is a cycle to work scheme? 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 pollution. It allows employers to "loan" cycles and cyclists' safety equipment to employees as a tax-free benefit. The exemption was one of a series of measures introduced under the Government's Green Transport Plan. A Cycle to Work scheme does not require the prior approval of HMRC.
Ownership of the bike passes to the employee at the end of the "loan" period.