32+ cycle to work scheme calculator

The government launched the Cycle-to-Work scheme in 2009 to encourage the use of bicycles for travel to and from work. Get started today and save up to 42 off a new bike.

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Web We have based these calculations on a Single Income Tax payer and works only as a guide to help you work out how much you think you can afford to spend.

. Web These tables illustrate the savings that can be made when your employer operates a Cycle to Work Scheme or Bike to Work Scheme in partnership with Edinburgh Bicycle. Web Up to 32 cash back The exemption known as the Cycle to Work Scheme was one of a series of measures introduced under the Governments Green Transport Plan. Web Cycle to Work Scheme benefits.

Employers also fully recover the initial cost of the bike and gain a healthier happier and. Web Last updated on 2 February 2023. Web On average an employer will save 138 for every 1000 they process via the scheme.

This government backed initiative allows employees to acquire bikes and accessories through their workplace making unbeatable savings. Web By availing of the Cycle to Work benefit with Cyclesheme you can either get a pedal bicycle and accessories up to the value of 1250 or an e-bike and accessories up to the value of. Web You must be over the age of 18 to be eligible for the scheme.

No credit checks are required on the employee or employer. Web The employer buys the equipment and hires it back to the employee who then repays their employer over 12 months. Web It also includes any bicycle accessories as well as spare parts for the bicycle.

Web Find out how you much you could save on a brand new bike with our Cycle2Work scheme calculator. Therefore under this scheme you can not only buy your bike you can collect a variety. Cycle to Work scheme savings calculator Looking at one individual example if youre a standard rate.

Savings Green Commute Initiative