How does it work?
The government have created a tax break for all UK taxpayers allowing huge savings on a new bike, clothing and accessories to encourage more commuting by bike. Paid through an agreed salary sacrifice with your employer (usually over 12 months), the cost of this equipment is free from income tax, National Insurance and, generally, VAT (see table on back page).
You're just 5 steps away from riding to work and taking control of your commute.
- Your employer signs up to the scheme
- Visit us online or in store to decide on your perfect bike
- Apply to join the scheme
- Get your voucher
- Visit your local CycleSurgery to pick up your new bike
How much can I save?
Savings are usually around 40% off the suggested retail price.This figure is dependent on your personal taxation levels, your employers VAT situation & how employers finance the scheme. See the table below for more information on the savings you could make.
| £400 Package | £700 Package | £1,000 Package | ||||
| Standard | High | Standard | High | Standard | High | |
| VAT Saving | £52.17 | £52.17 | £91.30 | £91.30 | £130.43 | £130.43 |
| Income Tax Saving over hire period | £69.57 | £139.13 | £121.74 | £243.48 | £173.91 | £347.83 |
| National Insurance Saving over hire period | £38.26 | £3.48 | £66.96 | £6.09 | £95.65 | £8.70 |
| Net Monthly salary sacrifice | £19.57 | £16.47 | £34.26 | £29.29 | £48.94 | £41.84 |
| Total cost of bike package | £240.00 | £205.22 | £420.00 | £359.13 | £600.00 | £513.04 |
| TOTAL SAVING | £160.00 | £194.78 | £280.00 | £340.87 | £400.00 | £486.96 |
| % SAVING | 40% | 49% | 40% | 49% | 40% | 49% |