Bikes!

Cyclefrance · 03-31-2008, 03:07 PM

Interesting government-backed scheme over here.

If you are salaried and get paid through the PAYE tax scheme, then you can qualify for a thing called 'cyclesheme'.

You get your company to buy the bike net of VAT (saves 17.5%) and then pay back your company over 12 to 18 months by deduction from salary, with the bonus that your deductions are BEFORE tax (additional saving between 30% and 40%)

So you could end up with a bike for half-price. Officially it's part of the 'green' incentives from the government and meant for people who cycle to work, but it seems to me that it is open to all who get salaries through a company as there are no checks required on mileage riding to work.

I'm going to upgrade from my Trek 7.1FX Hybrid to a Specialized Tri-cross Comp Double - a bit like my old Record Sprint, but mich lighter and with up-to-date gearing, brakes, ansd everything else too! Can hardly wait to get it and put it to the test - the annual trip this year is Calais to Paris one way (train back)!

xoxoxoBruce · 07-26-2008, 11:13 PM

Underwater Mountain Biking.

http://www.ansa.it/site/notizie/awnp...123234635.html

HungLikeJesus · 07-27-2008, 10:13 AM

Quote:

Originally Posted by Cyclefrance

...
I'm going to upgrade from my Trek 7.1FX Hybrid to a Specialized Tri-cross Comp Double - a bit like my old Record Sprint, but mich lighter and with up-to-date gearing, brakes, ansd everything else too! Can hardly wait to get it and put it to the test - the annual trip this year is Calais to Paris one way (train back)!

Cyclefrance - did you get this bike? If so, can you give a report?

03-31-2008, 03:07 PM	#1
Cyclefrance Pump my ride! Join Date: Aug 2005 Location: Deep countryside of Surrey , England Posts: 1,890	Interesting government-backed scheme over here. If you are salaried and get paid through the PAYE tax scheme, then you can qualify for a thing called 'cyclesheme'. You get your company to buy the bike net of VAT (saves 17.5%) and then pay back your company over 12 to 18 months by deduction from salary, with the bonus that your deductions are BEFORE tax (additional saving between 30% and 40%) So you could end up with a bike for half-price. Officially it's part of the 'green' incentives from the government and meant for people who cycle to work, but it seems to me that it is open to all who get salaries through a company as there are no checks required on mileage riding to work. I'm going to upgrade from my Trek 7.1FX Hybrid to a Specialized Tri-cross Comp Double - a bit like my old Record Sprint, but mich lighter and with up-to-date gearing, brakes, ansd everything else too! Can hardly wait to get it and put it to the test - the annual trip this year is Calais to Paris one way (train back)! __________________ Always sufficient hills - never sufficient gears

07-26-2008, 11:13 PM	#2
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Underwater Mountain Biking. http://www.ansa.it/site/notizie/awnp...123234635.html __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

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