WebThe Cycle to Work scheme is a great way for UK cyclists to save at least 32 per cent off the cost of a bike and cycling equipment. It’s been used by more than 1.6 million commuters … WebMar 20, 2024 · The Cycle to Work Scheme is of financial benefit to both UK employees and employers. Income Tax and National Insurance Contributions (NICs) are reduced in an …
How the Cycle to Work Scheme works: The tax free way to get a …
WebThrough the Halfords Cycle2Work scheme you can purchase a brand new bike and safety equipment up to the value of €1,000 tax free for your employees. Your employees will then participate in a salary sacrifice arrangement over a maximum period of 12 months to pay for the bike and safety accessories. WebOffered in partnership with Halfords or Cycle Solutions, the cycle to work scheme is implemented via a salary sacrifice agreement. This means your employees can save up to 42% on the cost of a new bike by saving on Tax & NIC*, and at the same time, your organisation can also save on employer NIC. csi series torrent
Cycle2Work Cycle to Work Scheme Halfords UK
WebFind out how you much you could save on a brand new bike with our Cycle2Work scheme calculator. Get started today and save up to 42% off a new bike! [email protected] WebCycle2Work is a government initiative which offers the most cost-effective way to get new cycling equipment. The scheme is ran through participating employers, meaning you do … WebJul 7, 2024 · Halfords partners with stores in order to fulfill certain cycle to work scheme orders with stock from local bike shops, asking a 15% commission as part of the arrangement. This point has become a well-covered sticking point for independent stores, whose margins on bike sales are not known to generate enormous profits. As such, some … csi settings crossword