What can salary sacrifice be used for

Employer e- bike purchase support schemes are helping many more people to purchase e- bikes by addressing the key barrier of the upfront cost. Birmingham University has entered a partnership with Cyclescheme to provide cycles to staff at a reduced price. You can save up to on the cost of a bike as. Aug This essentially means any money you pay towards your bike will not be subject to any tax.

Not only does this save . At the end of the period the employee can return the bicycle or can arrange to buy it outright from the employer. Getting a new bicycle. How to get a getting a tax-free bike through the UCL Cyclescheme. Jun In effect, employees get the bike for half price and the benefits for. It is possible to run schemes in-house or purchase ready-made Salary . Cycle to work tax free bikes Save up to of the cost of a bike and accesories.

Using the Bike to Work scheme , your company can purchase a brand new . Save upto on e- bikes and conventional bikes. Low commissions for bike shops. No problem, you can get a normal bicycle through our scheme.

CYCLE TO WORK SCHEMES. What bike can I buy ? To join the scheme , you as the employer simply buy the bike. Aug Perhaps there could have been more emphasis on checking whether the bikes bought were real commute bikes ? Lots of new bike commuters . This government backed salary sacrifice scheme is available to PAYE employees in the UK and is the most cost-effective way to get a bike for commuting. Home- based employees can take part in the scheme if the bicycle is . Salary Sacrifice Cycle to Work Scheme at any time, which is run by Green Commute.

Can I use the scheme to get a bike for a family member, partner or friend? This is a Government initiative that enables your employer to buy a bicycle . It allows employees to buy a bike tax free, usually through salary sacrifice. Everyone wins: employees make big savings on new bikes , employers get a healthier . Sep Return the bike to the scheme provider.

Buy the bike outright for its market value, typically - of its original price. Benefit from Cycle to Work Scheme ! The lower percentage .