CYCLE SOLUTIONS THE TAX-EFFICIENT WAY TO ENJOY CYCLING TO WORK..
Since 2005, Wheelies Direct Cycle Solutions has been working with organisations all over the UK to help them and their employees to take advantage of the UK Government backed Cycle To Work Scheme.
Cycle Solutions enables employers, to offer their staff bicycles and cycling equipment with savings of up to 53% from the retail value through a salary sacrifice benefit scheme.
This Cycle to Work scheme has been made possible through the government's Green Transport Plan.
Cycle to Work - The Green Transport Plan
The Cycle to Work scheme takes advantage of generous tax benefits provided by the Government in support of the Bike to Work scheme.
This cycle plan has been set up by the government specifically in order to promote the use of bikes as an alternative mode of transport. Substantial investment is being made to develop and improve local cycle routes in order to make cycling safer and more enjoyable.
The aim of the Bike to Work Scheme is to get more people cycling to work on a regular basis. This should in turn reduce traffic congestion and pollution to the environment and also improve the health and fitness of the general public.
How does the bike scheme work?
Companies are able to loan their staff bikes and cycle equipment as part of their employee benefits package.
The Bike Scheme then makes it possible for employers to offer their employees tax and national insurance reductions if they wish to enjoy the benefits of cycling to work.
By taking advantage of these generous tax exemptions, employees will make a salary sacrifice in return for the tax-free benefit of the bike.
Find out more information on how Wheelies Direct Cycle Solutions can help you launch your own Cycle to Work Scheme