Goldeneye243 is offlineAdd to Goldeneye243's Reputation
Goldeneye243's Avatar
Goldeneye243
Matchstick
Join Date: Jan 2007
Posts: 32

Save up to 50% off a new bike with a cycle to work scheme


474°

FOUND BY: Goldeneye243 7 months, 2 weeks ago

This has been posted a number of times, but I thought I would post again as I am about to get my bike through one of these schemes and people may be thinking about cycling to work in the spring/summer.

Basically the scheme is a tax free way of buying a bike, through your employer.

Can be done through a large number of bike shops (I actually used wiggle)

All the info you need here

http://www.cyclescheme.co.uk

More: cyclescheme reviewsTags: , , , (Add a tag)


Reply    
Thread Tools   
First Previous 1  2  3  Next Last

#2

09-04-2009, 07:54
geordie458 is offline  
geordie458's Avatar
geordie458
Matchstick
geordie458 is on a distinguished road
 
Join Date: Jul 2006
Posts: 16
View FS/FT Feedback
Armed Forces personnel need not apply :(
Reply With Quote

#3

09-04-2009, 09:17
binbin is offline  
binbin's Avatar
binbin
Matchstick
binbin is on a distinguished road
 
Join Date: Jan 2009
Posts: 36
View FS/FT Feedback
voted hot. pity my company has decided that it cant be bothered to do it.
Reply With Quote

#4

09-04-2009, 12:58
Goldeneye243 is offline  
Goldeneye243's Avatar
Goldeneye243
Matchstick
Goldeneye243 is on a distinguished road
 
Join Date: Jan 2007
Posts: 32
View FS/FT Feedback
slightly surprised this is not hotter, maybe everyone already knows about it...
Reply With Quote

#5

09-04-2009, 13:00
bells0 is offline  
bells0's Avatar
bells0
Pilot Light
bells0 is a jewel in the roughbells0 is a jewel in the roughbells0 is a jewel in the rough
 
Join Date: Nov 2005
Location: Leeds, UK
Posts: 215
View FS/FT Feedback
Only hot if your company agrees to do it though. Luckily mine does, and i have a nice Trek Fuel EX8 from it by topping up the £1k limit
Reply With Quote

#6

09-04-2009, 14:32
Salami is offline  
Salami's Avatar
Salami
Matchstick
Salami is on a distinguished road
 
Join Date: Jun 2008
Posts: 41
View FS/FT Feedback
Got one last year under this scheme..

£450 for £800 + worth of bike and kit (You can get the safety equipment & peripherals too)
Reply With Quote

#7

09-04-2009, 15:01
Toybhoy is offline  
Toybhoy's Avatar
Toybhoy
Solar Flare
Toybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating upToybhoy is heating up
 
Join Date: Mar 2007
Posts: 2,613
View FS/FT Feedback
binbin:
voted hot. pity my company has decided that it cant be bothered to do it.
Ditto
Reply With Quote

#8

09-04-2009, 15:14
cheapo is offline  
cheapo's Avatar
cheapo
Pilot Light
cheapo is a jewel in the roughcheapo is a jewel in the roughcheapo is a jewel in the rough
 
Join Date: May 2007
Posts: 160
View FS/FT Feedback
You cannot benefit if you are self employed.

Which is stupid.

Cold because of that.
Reply With Quote

#9

09-04-2009, 15:19
OrigamiNinja is offline  
OrigamiNinja
Pilot Light
OrigamiNinja will become famous soon enoughOrigamiNinja will become famous soon enough
 
Join Date: Dec 2006
Posts: 117
View FS/FT Feedback
Apparently HMRC are currently reviewing the way this scheme works and therefore a number of employers (including my own) are ceasing their Cycle to Work schemes. It appears it may not be tax free for much longer so you might want to get in now while you can!
Reply With Quote

#10

09-04-2009, 15:33
chri1143 is offline  
chri1143's Avatar
chri1143
Pilot Light
chri1143 is a splendid one to beholdchri1143 is a splendid one to beholdchri1143 is a splendid one to beholdchri1143 is a splendid one to beholdchri1143 is a splendid one to beholdchri1143 is a splendid one to behold
 
Join Date: Dec 2006
Location: ADD LOCATION
Posts: 494
View FS/FT Feedback
cheapo:
You cannot benefit if you are self employed.

Which is stupid.

Cold because of that.
you benefit as a self-employed person by claiming the bike as an asset and then claim capital allowances
Reply With Quote

#11

09-04-2009, 15:36
Arc'Tan'Gent is offline  
Arc'Tan'Gent's Avatar
Arc'Tan'Gent
Pilot Light
Arc'Tan'Gent will become famous soon enoughArc'Tan'Gent will become famous soon enough
 
Join Date: Mar 2008
Posts: 102
View FS/FT Feedback
Thank you so much for this, just spoke to my employer and I'll be getting this organised asap.

H+R added
Reply With Quote

#12

09-04-2009, 15:46
Tommy2 is offline  
Tommy2
Pilot Light
Tommy2 is on a distinguished road
 
Join Date: Dec 2008
Posts: 132
View FS/FT Feedback
binbin:
voted hot. pity my company has decided that it cant be bothered to do it.
My company does offer the scheme, but only with the in house bike store. The inflated prices, the fact that they pass on only part of the savings, and the generally complicated scheme means it is not really worth it.
Reply With Quote

#13

09-04-2009, 15:54
mjr600 is offline  
mjr600
Matchstick
mjr600 is a glorious beacon of lightmjr600 is a glorious beacon of lightmjr600 is a glorious beacon of lightmjr600 is a glorious beacon of lightmjr600 is a glorious beacon of light
 
Join Date: Nov 2005
Posts: 90
View FS/FT Feedback
Fantastic scheme, I got a £700 bike last year and have ended up paying about £380.

I cycle to work two days out of three weather permitting and this year I'm getting two .

Spending on petrol has fallen drastically, I'm fit as a fiddle, did a marathon last Oct and have three arranged for this year.

Until this scheme I hadn't really cycled since I was a kid.

You'd be mad not to get a bike if it's offered by your employer.
Reply With Quote

#14

09-04-2009, 15:54
slinkydonkey is offline  
slinkydonkey's Avatar
slinkydonkey
Pilot Light
slinkydonkey is just really niceslinkydonkey is just really niceslinkydonkey is just really niceslinkydonkey is just really niceslinkydonkey is just really nice
 
Join Date: Jul 2006
Posts: 451
View FS/FT Feedback
Toybhoy:
Ditto
Same with my company so tight
Reply With Quote

#15

09-04-2009, 16:03
cheapo is offline  
cheapo's Avatar
cheapo
Pilot Light
cheapo is a jewel in the roughcheapo is a jewel in the roughcheapo is a jewel in the rough
 
Join Date: May 2007
Posts: 160
View FS/FT Feedback
chri1143:
you benefit as a self-employed person by claiming the bike as an asset and then claim capital allowances
Only If I am using the bike for purposes of business, not to travel to and from my place of work.

For example, If I used my bike to collect supplies, or visit customers, then yes I could.

AFAIK you cannot claim petrol or even car expenses for travel to and from work. Why would a bike not be governed under the same principle?
Reply With Quote
First Previous 1  2  3  Next Last

Reply


Thread Tools