It's been over 7 months since this was last heated so time to give all those new to HUKD a heads up:
Cycle to Work is a tax incentive aimed at encouraging employees to, er, cycle to work, thereby reducing air pollution and improving their health.
The scheme allows employees to benefit from a long term loan of bikes and commuting equipment such as lights, locks and panniers completely tax free.
Employers benefit from fitter, more punctual, more wide-awake staff. Employees benefit from better health and better bikes because their money goes further. With a budget of, say £400, an employee in the high tax-band can now afford a bike, plus accessories, worth nearly £800.
The typical saving for an average tax-payer is between 38-45 per cent. There are online calculators to help you see how much you may be able to save. This one is from Cyclescheme. Type in your salary, the cost of your new bike and the cost of accessories such as a helmet, lock, panniers and so forth.
It's worth badgering your HR department if your company currently doesn't operate the cycle2work scheme. It is your entitlement as a taxpayer to participate so give em' some grief!
Why not consider supporting Sustrans - the charity behind the national cycle network, with the money you save on this deal and help to them to continue their good work helping people to get back on their bikes across the UK
More: Bikeforall dealsTags: bike to work, cycle, bike, cycling, cycle equipment (Add a tag)