Cycle To Work Schemes
a TAX FREE Bicycle - really??
The Tax free bike scheme was introduced by the UK Government to encourage greater participation in cycling.
The Tax free bike scheme gives YOU the opportunity to get a bike and cycling accessories via your salary.
This means you can reduce part of your gross salary before tax is calculated, so you pay less tax and National Insurance.
In exchange for a bike and accessories, you benefit from not paying Income Tax or National Insurance on the value of the bike and gear.
You can use the bike for commuting as well as for leisure.
Cycle to Work savings are typically 28% - 48% depending on your earnings.
Think of the scheme as a form of interest free loan (via your salary), to improve the affordability of getting a new bike and kit.
Neither you or your employer or are required to keep a log of your use of the bike.
Your employer can utilise more than one scheme!
We like GCI and GoGeta best because they value and support the independent bike shops most.
What's it going to cost me? Lets find out...
Green Commute Inititative is the industry leading and award winning Cycle to Work Scheme provider with no spend limits and no ownership fees. You can save from 32-47% (depending on your tax rate)
Pay monthly through salary sacrifice with no added interest and payment periods ranging from 3 - 60 months.
Get any type of Merida cycle or Merida eBike from Herbies Bikes through GCI and help reduce congestion and pollution whilst improving your health, fitness and mental wellbeing. When more people cycle for short journeys, everyone wins! Use the calcuclator to work out roughly how much you can afford and what you'll save.