Bike Pro Racing is Birmingham's largest independent bike shop and has over one hundred different bike models on display as well as a comprehensive range of clothing and accessories in our store. Bike Pro have joined forces with Cyclescheme, Cycleplus , cycle to work, bike to work, and bikes for the NHS initiative to encourage people to commute to work, increase fitness and to help the environment. So with no strings attached you can purchase a bike VAT FREE, TAX FREE & NATIONAL INSURANCE FREE !!!
- We are constantly getting in new stock, so if you don't see what you want, drop us an email and we will get back in touch within an hour. You can choose any bike for cycling to work and not just the examples shown.
What Are The Benefits?
Save up to 50%* on the cost of a new bike and any accessories including Helmets, Gloves, Jackets, Over Trousers, Locks, Mud Guards, Panier's and Tools. Pay monthly and save VAT, National Insurance and Income Tax. Get any make or model of bike & accessories stocked at Bike Pro Racing. Save your employer money as well through NI contributions. Cyclescheme's secure extranet website means minimal hassle or simply pop in the shop for a quick and simple quote.
What Do I Do Next?
Simply talk to your employer and get them to agree to use Cyclescheme and Bike Pro Racing then register on www.cyclescheme.co.uk Visit our shop and choose your ideal package from our extremely well stocked premises and we will issue you with a quick and easy quote. Your employer authorizes the quote for you to enter onto Cyclescheme's secure website. Cyclescheme issue you with a secure voucher which can be used to simply collect your bike and accessories from our shop... No hassles.
How Does It Work??
These are 3 examples of how a higher rate tax payer can save up to 50% on there bike package paid over a 12 month period:
Example 1:
Giant CRS Alliance Bike (RRP Inc VAT) £995 VAT Saving on bike £129.78 Income Tax & NI saved £268.21 Total bike package price £597.01 Total saving £497.37 (40%)
Example 2:
Giant Defy 2 Road Bike (RRP Inc VAT) £825 Helmet & Gloves (RRP Inc VAT) £80 Total cost of bike and accessories (RRP Inc VAT) £905
| Total cost of bike and accessories: | £905.00 |
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| Net cost of bike and accessories, including finance and admin costs (if applicable): | £779.15 |
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| Income tax saving over hire period: | £311.66 |
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| NI saving over hire period: | £7.79 |
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| Final cost of bike & accessories: | £459.70 |
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| Total saving:** | £445.30 |
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| Gross salary sacrifice, based on 12 month hire period (this should be the figure displayed on your hire agreement): | £64.93 |
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| Net salary sacrifice, based on 12 month hire period: | £38.31 |
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| Percentage saving over RRP: | 49.2% |
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| Total cost of bike and accessories: | £905.00 |
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| Net cost of bike and accessories, including finance and admin costs (if applicable): | £779.15 |
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| Income tax saving over hire period: | £311.66 |
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| NI saving over hire period: | £7.79 |
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| Final cost of bike & accessories: | £459.70 |
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| Total saving:** | £445.30 |
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| Gross salary sacrifice, based on 12 month hire period (this should be the figure displayed on your hire agreement): | £64.93 |
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| Net salary sacrifice, based on 12 month hire period: | £38.31 |
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| Percentage saving over RRP: | 49.2% |
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Example 3
Giant CRS 3W Ladies Commuting Bike (RRP Inc VAT) £325 Helmet, Gloves, Rear Panniers, Pump, Spare Tube (RRP Inc VAT) £100 Total cost of bike and accessories (RRP Inc VAT) £425 VAT Saving on bike £52.17 Income Tax & NI saved £115.58 Total bike package price £172.86 Total saving £167.75 (39.5%)
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