How does the scheme work? We are a cycle to work benefit provided by Raleigh for employees wanting to save money on any of our bike brands Raleigh, Haibike and Lapierre! Employees can save up to 39% on a new bike, e-bike or cycling accessories while spreading the cost of their purchases. Alpine Bikes staff will help you get the right bike and safety equipment for your needs through Cycle to Work. It applies to bicycles, pedelecs (electrically assisted bikes) and cycling accessories up to a maximum cost of €1250 for a manual bike and €1500 for an electric bike. 1. A cycle-to-work scheme with no employer costs As an employer, there are many benefits to be gained from offering a cycle to work scheme, both directly and indirectly. See below for some example employee savings based on a lower rate taxpayer (32%): Retail Price £250 £500 £750; Income tax and NI saved : £80 : £160 : £240 : Monthly NET payments (IE. The Cycle to Work scheme is free to run and stands to improve your organisation’s competitive advantage as an employer. All bikes on this scheme will be quoted at the list price and not the discounted price. By using the Cyclescheme Cycle to Work Benefits Calculator you can calculate your company's potential Financial and Environmental savings along with … Cycle scheme savings can vary but the great news is that our calculator offers very accurate savings forecasts. Call us on 0800 088 7315 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 €1,250 for a regular bike, and up to €1,500 for an electric bike tax free, for your employees. The Cycle to Work scheme is extremely easy to set up and the savings are incredible. A Government scheme exists that can save you up to 42% off the price of a new bike*. Tax is complicated. YOU BUY Specialized Crosstrail, in black, with safety equipment RRP £1000.00 inc Vat*** YOU SAVE Savings of £320.00 in Tax and NI* YOU PAY An on the road price of £680.00 but may be subject to a Fair Market Value payment ****. Under the scheme, employers pay for bicycles and bicycle equipment for their employees. Cycle to Work Scheme. Find Out More Online Here! A company bike scheme or employee bike scheme has numerous benefits. Your employers Cycle to Work Scheme will have a limit. From: Department for Transport Published 28 … Gemelli’s Cycle to Work Scheme could be just the incentive an employee needs to get in the saddle. The employee is not liable for tax, PRSI or Universal Social Charge on their repayments. Want to know more? 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 are a few different scheme providers out there each with their own variations but the basic idea is the same. Cycle To Work Scheme Did you know, you can now buy a bike through the Cycle to Work scheme from the Cobalt Bike hub? Tel | +44 (0) 1342 823829. It is very common for the Employee to want to take ownership of the cycle at the end of the scheme term. Including bikes on sale! The Cycle to Work scheme operates on a salary exchange basis allowing an employee to cover the cost of a bike and safety accessories up to a value of £1,000 – without having to pay tax or National Insurance on the value. Bike4Health will have a range of standard commuter bikes to electric bikes available to buy every month at Cobalt Central with prices starting at just £299! Cycle to work scheme implementation guidance for employers Guidance for employers who want to put in place a cycle to work scheme. Get the gear that suits your commute. Employers cycle to Work Scheme. Here is a typical example of savings possible as a Higher rate taxpayer (41%): Higher Rate Taxpayer : 41% Tax + 4% … Through the Cycle to Work scheme only one bike is eligible per voucher. What is Electric Bike Access? Login Customer Information – Due to unprecedented demand it may take longer than usual to source bikes for a small number of ranges. Under the scheme an employer can pay for a new bicycle (including bicycle accessories) and the employee then repays the cost in regular instalments from their gross salary. Our cycle to work scheme is one of our most popular benefits. Use the TaxSaver Bikes Savings Calculator to get an idea of how much you might save! The simple affordable cycle to work scheme - Find your ideal electric bike and spread the cost. The products in your basket are not eligible on the Cycle to Work scheme and have been removed from your quote. Cyclescheme isn't. Cycle to work scheme with no £1000 limit, no exit fees. 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. Bike 2 Work Scheme Is The Leading Government Cycle To Work Scheme, Offering Employees The Chance To Save Up To 42% On A New Bike. About the Scheme. Purchasing through Cyclescheme allows you to save between 25% and 39%, offering a tax efficient way to buy and pay for your next Canyon. A 5% surcharge will be added to your total order value when purchasing using any C2W scheme. Please call as we may be able to invoice your company direct. This is often £1000 so we’ve put that in by default, but if your scheme limit is different just over-write that number. Lower Square | Lewes Road Forest Row | RH18 5HD. Join today in 4 easy steps. In this case the Employer can choose to agree to transfer ownership of the cycle to the Employee, usually for a nominal sum (or £nil). It's a low effort, high impact employee benefit that gets staff cycling with savings of 25-39% on bikes and accessories. Savings calculator Home » Savings calculator. We also support 'Cycle Solutions', 'CycleScheme' and Vivup.Please contact us if you would prefer to use either of these alternative schemes. Cyclescheme Calculator We are registered with the following schemes. The Cycle to Work Scheme is a tax incentive encouraging employees to cycle to and from work. How does the scheme work? cycle2.work@halfords.co.uk . The scheme allowed me to buy a powerbike from a local supplier and I now cycle to work every day. BUSINESS CASE. Cyclescheme is the simple way to get a brand new bike, make huge savings (at least 25%!) First check your actual spending limit using the [YELLOW] section below. Straight away your organisation will save money from reduced National Insurance payments, and … Cyclescheme.co.uk; Bike2workscheme.co.uk ; Vivup ; Cycle solutions ; Green commute initiative ; Cycleplus; Follow. Example Savings. Monday to Friday 8.45am to 5.00pm. It's called the Green Transport Plan, and it aims to make cycling more attractive and accessible by taking advantage of unique tax incentives. Email | sales@ingearcycles.co.uk. Cyclescheme's cycle to work calculator can give you a very accurate forecast of employee savings based on any employee salary and bike/accessories price range. ** For most people this means they save about 32% of the cost or for higher rate tax payers, 42% of the cost. Select your Browse our best selling . Increase employee engagement with an attractive employee perk Boost employee wellbeing by encouraging a healthy lifestyle change Cycle to Work Government Scheme is the cheapest way to buy a bike. By joining a Cycle to Work Scheme you can save hundreds of £££â€™s, and spread the cost interest-free through your salary. Example of cycle to work scheme saving £320! - Bike 2 Work The table below shows just how much you can save: Cycle to Work Scheme - SAVINGS CALCULATOR.

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