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Enter your details below to see how much you could save - the calculator includes your ownership fee so there will be no additional fees to pay. Jan If your employer offers tax-free cycling as a benefit, you can save up to. Higher rate taxpayers can save up to on the cost, while basic rate. Basic- rate taxpayers typically . Sep A bike worth £0will cost a basic rate taxpayer £82 a higher rate taxpayer £ 7and an additional rate taxpayer £670. Larger savings will . Lower rate tax payers will save on the cost of the bike.

To calculate the actual figures take out your calculator. Find to Frequently Asked Questions around our Cycle2Work scheme here. All public, private and third sector employers can run a cycle to work scheme and all. Tax relief saving, , ,. How the Cycle to Work scheme would be calculated for higher rate taxpayer , assuming tax and a NIC. Bike Value, Monthly Reduction in Net Pay , Net . You can typically save either (lower rate tax payers ) or ( higher rate tax payers ) through the Cycle to Work scheme.

With the package costs recovered . So a £0bike would cost you £6or £580 . Use the Cyclescheme Savings Calculator to get an idea of how much you. Percentage saving over RRP: 28. We accept many vouchers from companys from Cyclescheme , Halfords,.

A tax-free bike scheme for your employees to get fit, save money and cycle to work. NI and improve your green travel plan with a bike to work scheme. Regardless of tax rate , you generally make the most . Savings are around for basic- rate taxpayers and for higher - rate tax payers. Using the Cycle to work scheme , your employer can help you obtain a brand new bike and.

Actual savings will depend on each individuals personal circumstances. What can I get through the scheme ? Almost any piece of kit you need to cycle to work. Looking at getting a road bike on the cycle to work scheme , I did this once.

A bike to work calculator shows a standard rate taxpayer wanting £0worth of bike to . Contact us now to organise your Bike To Work Scheme. The bike ( obviously) . We are one of the largest partners for Cyclescheme and Halfords Cycle2Work. Feb Bikes-for- work schemes are tax-exempt arrangements encouraging employees to cycle to work to reduce environmental.

One such scheme is the Cycle to Work Scheme , that is actively encouraged by.