I am so excited, just got approval thru from Cycle to Work for my new bike.
In my 'other' life I adventure race, trail run and mountain bike race. Not very 'ish' but a heap of fun. Anyways, my race bike, the love of my life [apart from kids, most of the time] is 6 years old and very well used, parts were wearing out and she needed some significant money spent on her to keep her up to speed for racing. I had heard about the scheme and how it is a good saving, so thought I would give it a go. Found the bike I wanted, applied yesterday and have been approved already. The scheme is meant for bikes up to £1000, so I am paying a little extra to top it up, the rest is taken form pay packet before tax and NI and will save me about £400 on purchase price. Very excited.
Oh and I wouldnt dream of riding new bike or race bike to work. I use my old bike, which was my second race bike and now has a basket and carriers on it.
Well worth looking into a scheme, see if your employer offers similar.
Cycle to Work scheme
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- Living the good life
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Cycle to Work scheme
Sarah
Re: Cycle to Work scheme
congrats re new toy My old work offers that scheme - its brill, loads of folk took advantage of the offer - and all the bikes were bought throught the local independant bike shop too so helped spread the dosh locally
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- Living the good life
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Re: Cycle to Work scheme
What's a residue value please Susie?!
Jill
Jill
Re: Cycle to Work scheme
TAX !JillStephens7 wrote:What's a residue value please Susie?!
Jill
It will have to go down on your tax form as a payment in kind so to speak and where you could pay 5% of the value that has now changed to 25%. At least that's the way it was explained to me.
Member of the Ishloss weight group 2013. starting weight 296.00 pounds on 01.01.2013. Now minus 0.20 pounds total THIS WEEK - 0.20 pounds Now over 320 pounds and couldn't give a fig...
Secret Asparagus binger
Secret Asparagus binger
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- Living the good life
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Re: Cycle to Work scheme
Yeah, something like that, but there is a way around I believe, a small payment or something deferred. guess I should have checked it a little more thoroughly....
Sarah