Save Up to 50% Off A New Bike

Tax Free Bikes

Buy a tax-free bike through Cyclescheme and save up to 50%*

Have fun cycling to work and get fitter too. You can save up to 50% on the cost of a bike and accessories, which is free of: VAT, National Insurance and Income tax. With Cycle scheme you can buy a bike, through your employer exempt of Income Tax, National Insurance and VAT.

What's the process of getting a tax free bike for work through Cyclescheme?

The scheme is a voucher scheme and you will need to apply for a voucher to redeem against your goods when you collect them from us. To obtain your voucher you will first need to get your employer on board with Cyclescheme. Cyclescheme can send them an email pack containing a contract and general details on running the scheme. Once the contract is signed, Cyclescheme are in a position to supply an approved employee hire agreement for you to sign at which time you are free to come into the shop for a quote. You can then be sized for a bike and choose any accessories you need. When Cyclescheme receive a copy of this quote they will invoice your company so that a secure voucher can be provided once the hire agreement is signed. The process of getting the bike from when the quote is completed usally takes 2-4 weeks.

Savings Example:

This is an example of how much a higher rate tax payer can save on a £500 bike package hired over a 12 month period:

Bike package retail price (inc. VAT) £500

VAT saved £74.47

Income tax and NI saved £174.36

Net monthly repayments £20.93

Total bike package price £251.16

See How Much You Can Save :Calculator

To find out more and to see how much you could save call us on 01706 633426 or visit http://www.cyclescheme.co.uk or email us ride2work@chrispaulsoncycles.co.uk

*Savings are affected by a company’s tax status, finance arrangements and your personal level of taxation