Tax Free Bike? Get your company on board!
Welcome to Cyclescheme, the UK’s number one provider of tax free bikes for work through independent bike shops. We are very pleased to help you with information on one of the best government tax breaks so far.
Cyclescheme have a full information pack for you to give to your employer, they will then contact Cyclescheme on your behalf. Your employer has to be willing to run the scheme before you can get your bike. This is because the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods – in this case a bike and equipment. The scheme is available to UK tax payers who pay PAYE. Please note that the self-employed cannot take part in the scheme.
The good news: once your employer is on board Cyclescheme help them administer the scheme and you should be on two shiny new wheels before you can say “where are my cycle clips?”.