South Downs Bikes Supported schemes

The Cycle to Work Scheme is a government initiative that lets you make big savings on your bike by paying through tax-free salary sacrifice.

A higher rate taxpayer saves 42% of the value of the bike and a standard rate taxpayer saves 32%. Additionally, the employer saves 13.8% on Employers National Insurance and may well be able to claim Capital allowance on the purchase. This will give the employer a 31% return on investing in a bike for you to use for commuting.

To recap, your organisation pays for the bike package on your behalf and then you repay them by accepting a reduced salary in exchange for the benefit of the package. Since your salary is reduced, you’re not paying tax on the cost of the package. So, you’re benefiting from the Government’s green transport plan and you’re helping us all by reducing pollution, congestion and helping to make a little bit of the world a better place.

If you want to benefit from this, all you need to do is get in touch with your employer or HR department and ask them to apply through their chosen Cycle To Work provider.

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