Cycle to work scheme
Get a tax free bike for work - big savings! The scheme is available to UK taxpayers who pay PAYE, as well as Small and Medium size Businesses. Get in touch if you'd like more information, we'd be happy to help.
We work with two main organisations offering Cycle to Work Schemes through your employer, Green Commute and Cyclescheme.
GREEN COMMUTE INITIATIVE:
Is your employer signed up?
Your company needs to be signed up to use the Cyclescheme, but with the Green Commute Initiative they can either sign up, or it can be operated for a one off transaction. Many companies are not aware of this scheme, but it is very flexible and offers much more than most of the other schemes currently available. It may be worth asking your employer to take a look at the Green Commute Initiative website if they have not already done so.
What price bikes are included in the schemes?
There is now no limit to the price of bike though most companies have chosen to have a maximum price. You need to speak to your company to find out what the maximum price is. The monthly payments are normally taken over 12 months, though again check with your employer. The Green Commute Initiative has no cap on the price of the bike or accessories and payments range from 6 to 24 months. Get a tax free bike for work - big savings!
Full details here: http://www.cyclescheme.co.uk/
How much can I save?
Savings start at a minimum of 25%, but most people save more.
What is the procedure?
Once you have chosen the bike that suits your needs, you need to discuss with your employer which scheme they would like you to use.
Cyclescheme - works with a network of independent bike shops to supply the nation with quality tax free bikes and equipment for work. With a wealth of experience organising no-hassle tax free bikes for employees, hundreds of companies of all sizes have already benefited from this easy-to-follow system!
Atmosphere Electric Bikes are pleased to be included in this scheme so we can bring you massive savings when using your bike for work journeys. All you do is choose your bike and accessories, contact us and we do all the paperwork for your employer - you can save up to 50% - so it's worth looking into.
How do the schemes work?
Visit the sites above to discover the different features of the two schemes and how to go about taking advantage of the tax savings available.
How does payment work?
Your hire payments are deducted from your gross monthly salary. At the end of the hire period you will be given the option to either hand the bike back or keep it for a further period, with the option eventually to own the bike outright.