What shops are in the bike to work scheme?
What shops are in the bike to work scheme?
Partner Shops
- Wiggle Ltd Online. Click here to visit website.
- Evans Cycles. Click here to visit website.
- Rutland Cycling Online. Click here to visit website.
- Tredz Online. Click here to visit website.
- Ribble Cycles. Click here to visit website.
- Babboe Cargobikes. Click here to visit website.
- CCS Merchant LLP.
- Cotic Bikes.
Can you use any shop for cycle to work scheme?
You can shop with any one of over 2,000 Cyclescheme retailers – in-store, online, click & collect and brand direct. if you cannot find what you’re looking for, Cyclescheme also operates an ‘Any bike guarantee’.
Where can I use Cycle2Work scheme?
You can shop in-store at Halfords or Tredz. All you need to do is present your Letter of Collection and ID along with your iterms at the till. If you prefer to shop online, you can redeem your Letter of Collection online at www.tredz.co.uk or by using Click & Collect at www.halfords.com.
Do you own the bike on the cycle to work scheme?
The cycle to work benefit is a tax-efficient hire benefit. As such, you do not own the bike in the first instance (albeit it is in your care and you can use it as if it were your own).
Can I add money to the cycle to work scheme?
Can I top up the amount I spend with my own funds? The amount of money you spend must not be more than the amount of your cycle to work voucher. Unfortunately, you are no longer allowed to top up cycle to work scheme orders with your own money.
How much do you have to pay at the end of cycle to work scheme?
At the end of the hire period, Bike to Work Ltd will contact employees to discuss the options available. The most attractive option for employees will be to pay a small, refundable deposit (3% or 7% of the equipment value*) and continue to use the bicycle for an extended period of up to 36 months.
Is the cycle scheme worth it?
The savings aren’t worth it Nope: you’ll save more with Cyclescheme. You don’t pay income tax or national insurance on the bike as its cost is deduced from your gross salary, saving you 32% (standard rate taxpayers) or 42% (higher rate taxpayers).
What can I buy on the cycle to work scheme?
If your employer offers the Cycle to Work Scheme then you can get big savings on our complete range of adult bikes, clothing and accessories. Including bikes on sale!
Where can I get a cycle to work package?
If you already know what you want, or your local shop doesn’t have what you are looking for, you might be better off looking online. Great news, the Department for Transport has updated the cycle to work scheme guidance, enabling you to save money and spread the cost on cycle to work packages worth more than £1,000.
How does the Evans cycle to work scheme work?
The bike and equipment are leased to you by your employer who will deduct monthly ‘salary sacrifice’ amounts from your gross salary to cover the value. At the end of this period, your employer may transfer title of the goods or your hire continues for free with Evans Cycles.
How does cycle to work work in the UK?
If you’re a UK employee, Cycle to Work allows you to spread the cost of a new bike and equipment, by paying in instalments taken directly from your wage. The payments are taken out of your gross wage and your Tax & NI contributions are then worked out based on your new lower gross wage, saving you money on your new bike and equipment.