Cycle to Work scheme - Tax free bikes

 

You now have the opportunity to get your new bicycle and accessories via the Government's "Cycle To Work Scheme" You could be enjoying discounts on your purchase as high as 40%. The only requirement is that your employer signs up to the scheme, that you are paid under the PAYE scheme, and that you earn the National Minimum Wage.

   

 What is Bike2Work?

This is a national initiative aimed at getting more people using their bikes to and from their place of work. At Copenhagen Bicycle Kompany we are working with Cyclescheme and Bike2Work to make it as easy as possible for both employers and employees to join the scheme.

In short, The employer buys a bicycle and accessories on the employee's request, and the employee pays a "rent" for the bicycle via a salary sacrifice which is tax deductible.