How Much Can I Save?

Bike Shop Birmingham, Bike Servicing Birmingham, Frog Lightweight Kids Bikes

**With the cycle to work scheme, you can get a tax-free bike to cycle to work.**

For most people this means they save about 32% of the cost or for higher rate tax payers, 42% of the cost.
All bikes on this scheme will be quoted at the list price and not the discounted price.
The process is really simple :
You choose a bike and accessories
Upload it or email it to HR
Hr Contacts cyclescheme with an invoice
you sign the hire agreement and you're issued with a certificate
pop in store to redeem your certificate for your new bike

Check how much you could save here (http://www.cyclescheme.co.uk/calculator)

On top of your cycle to work savings, for a 3 mile daily commute it's estimated that you could also save around £100* each year on fuel - just by swapping your car for a bike!

BASIC RATE TAXPAYER

Certificate Value £1,000.00
Gross Monthly Salary Sacrifice payments £83.33
Income Tax Savings £16.67
NI Savings £10.00
Net Salary Sacrifice £56.67
Overall Saving £320.00
Overall Saving 32%

HIGHER RATE TAXPAYER

Certificate Value £1,000.00
Gross Monthly Salary Sacrifice payments £83.33
Income Tax Savings £33.33
NI Savings £1.67
Net Salary Sacrifice £48.33
Overall Saving £420.04
Overall Saving 42%