Can You Buy An Electric Bike On The Cycle To Work Scheme

Fortunately this government inspired travel to work scheme and tax break does not involve much red tape.

Can you buy an electric bike on the cycle to work scheme.

At e bikeshop we cater for all cycle to work schemes. Of course you can always buy extra cycling equipment in a separate order. Bikes including all variants of adapted bikes recumbents and hand cycles e bikes. With few e bikes available at below the old 1000 maximum the new guidance.

The uk government has refreshed its cycle to work scheme guidance with the option added to apply it to e bike purchases. The cycle to work scheme has seen well over 1 000 000 people across the uk save money on a bike and or accessories to use when cycling to work. E bikes often cost over 1 000. The benefit of the cycle to work scheme is that you make great savings on your new electric bike purchase.

Cyclescheme s easy to follow processes and unrivalled retail network means saving 25 39 on a bike and or accessories has never been easier. In essence your employer buys a bike for you to ride to work and you hire it through salary sacrifice which is where you save by not paying tax and national insurance contributions on the. Turbo trainers or rollers. Please note that the self employed cannot take part in the scheme.

The scheme can feel complex but in practice it s easy. For the most part getting an e bike on cyclescheme is no different to a standard bicycle. The two most popular schemes are the cyclescheme and our own in house ebike to work scheme. The only cycle to work scheme exceptions are.

Cycle to work salary sacrifice is a simple scheme whereby an employer can provide staff with an electric bike tax free at approximately half the retail price and at no cost to the company. The scheme is available to uk tax payers who pay paye. You find your cyclescheme retailer choose the e bike that is best suited to you and your commute and request a certificate. Gps ride trackers and navigation devices.

Your employer has to be willing to run the scheme before you can get your bike. More employers than ever before are able to offer schemes with limits in excess of 1 000 meaning you can save 25 39 on the. Unfortunately you are no longer allowed to top up cycle to work scheme orders with your own money. The amount of money you spend must not be more than the amount of your cycle to work voucher.

Everything else is allowable. Yes you can absolutely get an e bike on the cycle to work scheme. This is because the scheme can only 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. Here s the important part the value of your cyclescheme certificate cannot exceed your scheme limit.