Cycle to work scheme - a great big green benefit
Our cycle to work scheme allows you to have;
- The bicycle you want
- From the retailer you want
- All at a price you want!*
Example of cycle to work scheme saving £320!
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 ****
Want to know more? Call us on 0800 088 7315
How the cycle to work scheme works for the employee
- The cycle to work scheme offers a chance to own really great cycles and safety equipment at affordable prices
- Choose the cycle and safety equipment you want at the retailer you want
- Your employer buys the equipment and rents it back to you, you then repay your employer over a fixed length of time
- No credit checks
How you save using the cycle to work scheme
- You save Tax and NI on your repayments, from 32% to 47%*
- You save on transport costs, parking, fuel and servicing costs
- You get the keenest prices for the cycle of your dreams
- You get fitter, more productive, healthier
- Keep healthy and save the planet with great savings on great bikes!
* this varies dependant on Tax and NI levels and is unaffected by the changes to salary sacrifice in 2017
** savings vary from retailer to retailer, the above assumes no preferential discounts and may be subject to a Fair Market Value payment
*** Make sure you have adequate insurance to cover loss or damage, either one of your own choice or one suggested by Enjoy Benefits here
**** Fair Market Value depends on the value of the bike and the choices your employer makes on how the scheme is run, and can vary from 0% to 25%
