WHAT IS IT?
A hire agreement between Employer and Employee that gets you a bike!
WHY DO IT?
It's super simple (unlike 3rd party schemes. There are no vouchers involved and we follow the Dept. of Transport Cycle to Work guidelines.
HOW DOES IT WORK?
1. Pick your gear
2. Give us your employers contact details
3. Once they've approved it we'll send you an invoice
4. Fill in the hire agreement with your employer
5. Pay & pick up your bike
6. Let your payroll know that you're involved in the scheme and they'll start the salary sacrifice.
For you: Paying for your bike over 12 months. Personal tax saving in both income tax and national insurance contributions. Saving 31% - 48% average retail cost of bikes and accessories. Woo!
For your employer: Generally saving 13.8% of the total salary sacrifice value due to reductions in the amount of National Insurance contributions. Cycle equipment ££ is treated as captial expendisture so employers can claim capital allowances against it. Healthy, happy, fit, sexy staff!