Cycle To Work Schemes
Cycle to Work
The cycle to work schemes offer employers a chance to buy a bike and accessories on behalf of their employee and re-claim the VAT in the usual way.
This can save money for both the employers and employees and gives employees not only an incentive at work but also gives them a great way to travel to and from work.
What can we do?
As an independent trader, Blast Bikes can provide cycles and accessories for a number of cycle to work schemes including Cyclescheme, Cycleplus and The Salary Exchange.
Why choose a cycle to work scheme?
- Saves money for employers
- saves money for employees
- Employees have the option to own the bike
As an independent trader, Blast Bikes can provide cycles and accessories for the following Cycle to Work schemes:
How it works
Once the employer has bought the bicycle, the net balance is then deducted monthly from the employee’s salary before the deduction of tax and National Insurance, thus providing a further saving to the employee. At the end of the loan period the employee pays a one-off payment to the employer as a final purchase payment.
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To purchase bikes for the Cycle To Work scheme, call Blast Bikes on
01454 319122
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