Cyclescheme @ Cyclesense

If you are an employer or employee and you would like a bike for work for at as little as half price then you need to join Cyclescheme
Many companies are aware of the Government’s Ride to Work scheme but they are not fully aware of the host of benefits it has to offer.
If saving money on a bike isn't enough, consider the added health benefits cycling has to offer, not to mention that every company will actually SAVE on mandatory National Insurance contributions!

What's in it for you?

• Save up to 50%* on the cost of a new bike.
• Each company saves on National Insurance contributions.
• Pay Monthly.
• Collect from & deal with a local store.
• Benefit from experienced sales and technical support.
• First free service.

But how does it work?

Your company has to join cyclescheme in order to save. The savings themselves are made possible thanks to two new government initiated tax breaks. Once you have joined, the employee will save VAT on the purchase of the bike, plus cuts on their National Insurance contributions. Depending on the tax band, when combined with a VAT exemption at 17.5%, savings are often as much as 50%*! In turn because the employee pays less NI on their earnings, the employer contributes less NI for that employee. Simple, but very effective!

What do I do next?

Visit the cyclescheme website

Then call Cyclesense on 01937 530303 or email info@cyclesense.co.uk for more information also approach your manager, director or HR people (depending on the size of your workplace). Remember to be clear that Cyclescheme does not cost to join!

*Terms & conditions apply, subject to individual employees tax situation. Figures as a guide only.