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Cyclescheme
Tax-free Bikes for Work

Cyclescheme

Pendle Cycles Padiham is a local partner for Cyclescheme. The Government introduced Cyclescheme to promote more commuting by pedal bike, a scheme which has created a tax break for a bike hired from your employer. You agree to forego a small amount of your salary in order to take advantage of income tax, national insurance and generally VAT savings.

What are the benefits:

  • Huge savings on the cost of a new bike and safety equipment (helmets, lights and locks etc)
  • Spread costs over a year and save income tax
  • Get any make or model from over 1300 local partner shops across the UK
  • Make your requests quickly and securely online
  • Significant savings on the cost of a new bike .. see the savings calculator at the Cyclescheme website www.cyclescheme.co.uk.

The process of obtaining your bike package is straight forward with Cyclesheme:

  • Your employer registers with Cyclescheme
  • Locate your local partner shops at www.cyclescheme.co.uk - or call in at Pendle Cycles Padiham
  • Visit a shop and choose your bike and safety equipment - you wil be given a written quoation
  • Request your Secure voucher and digitally sign your Hire Agreement online (if your employer has elected not to use on-line Hire Agreements a hard copy will be issued to you to sign an return)
  • HR/Payroll will review your application and digitally countersign your Hire Agreement
  • After receipt of payment from your employee by Cyclescheme, you will receive a Secure Voucher
  • You take the Secure Voucher and the phtographic ID to the bike shop to collect the bike package
  • Your salary sacrifice will commence

Pendle Cycles Padiham, Cyclescheme partner: Burnley and Pendle, Lancashire

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