The scheme is run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods – in this case a bike and equipment. The scheme is available to UK tax payers who pay PAYE. Please note that the self-employed cannot take part in the scheme Once your employer is on board we help them through the administration with our partner company Cyclescheme.
For more information see http://www.cyclescheme.co.uk or give us a call. Checkout the link below to see how it works and use the calculator to find your savings!
http://www.cyclescheme.co.uk/employee,calculator.htm