Tax Free Cycle Scheme

We are now a member of the bike2work scheme and the bikes for the NHS. Through the Government's Green Transport Plan, you can qualify for up to 42% discount on any bike and certain accessories up to the total value of £1000. Let me put that into perspective for you.......

You have walked past the shop window a few times and had your eye on the fire engine red Velorbis Studine for £575.

Riding around Brighton, you should be a helmet and you want to look pretty, on your pretty bike so a nice Yakkay helmet with cover sorts you out, £80.

Finally, you need a nice lock for your bike aswell......£25

Right, lets break it down into money......based on a 3 year term and a salary of £20,000

Total cost at RRP - £680

Income savings over hire period - £136

NI savings - £81.60

Total Savings - £217.60 (32%)

Total Cost to you - £462.40

Gross salary sacrifice over 36 months - £18.89 (the amount you pay per month)

The average house hold spends around £64.90 a week on transport.....you could be spending less than £20 a month!