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CYCLE TO WORK
Save 25-39% on a new bike for work
Tax is complicated; the cycle-to-work scheme is not. You choose a bike, hire it for an agreed length of time, and then wind its value down to a negligible amount. It's like a year-round sale, with interest-free credit available over
Cycle To Work Application Form
Example
Bike value £1000
Cycle2work Price - £1000 X 20% = £1200
For an employer who uses a third-party voucher
company ( travel hub, cycle scheme,
taxfree bicycle, one for all voucher, etc )
9.8% process fee appliable
For example, Bike valued at £1000
Cycle2work Price - £1000 X 20% = £1200
£1200 + 9.8%fee = £1317.6
The price for cycle2work applies to VAT
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