Cycle to work savings

Cycle to Work Calculator. Use our advanced calculator to see how much you could save on a new bike. Search for your employer for accurate savings. Scheme offers available.

Bike to Work - Savings Calculator.

Discounts available These are subject to Terms and Conditions. Tax relief saving , , ,. Save up to on the cost of bikes and . Get ready with savings on your bike and equipment. By covering the cost of the bike through a salary sacrifice, most people save about of the . The maximum saving on the scheme is €495.

This is where the savings come from.

With a package value of £0. A basic rate taxpayer normally pays income tax and national insurance, so would save. All schemes enable your employees to get a bike tax-free with the average saving being over of the cost of the bike. Actual savings will depend on each individuals personal circumstances.

Here is a typical example of savings possible as a Higher rate taxpayer ():. Our employees can take advantage of the government cycle to work salary sacrifice scheme, saving tax and national insurance on their to commute to and from . All while making huge savings (at least !) as . Employers can claim back VAT under some circumstances, but may no longer pass the VAT savings on to the employee. The salary sacrifice scheme allows your employees to save money on . Example of cycle to work scheme saving £320! A government initiative that allows you to save up to. Queen Mary offers a cycle to work scheme which aims to encourage staff to cycle to work by offering significant savings on the cost of bikes and accessories.

Savings can vary depending on individual circumstances. Green Commute Initiative is leading the industry with its cycle-to-work scheme with no limits. Generate savings on employers NI contributions for each employee on the scheme.

Significant savings are available as a result of Government initiatives to encourage healthier lifestyles and to help reduce environmental pollution. There are a host of benefits available to employees should their workplace choose to launch a cycle to work scheme, these include: Huge savings on bikes and . Our cycle to work scheme will help your employees make huge savings on a new bike, including additional benefits such as full warranty and free insurance. You can make savings. NI efficient ways to cycle to work. Join the cycle to work scheme provided through Pearson.

Receive your salary by PAYE. Apr This scheme aims to encourage you to cycle to and from work. Under the scheme your employer can buy a bicycle and safety equipment for you.