Cycle loan scheme for you

Through your employer you could enjoy savings of up to 50% on the price of a bike and accessories with a bike loan scheme. There are two schemes easily available for employers in Aylesbury to join through local bike shops, Buckingham Bikes and Halfords.

Buckingham Bikes offers Cyclescheme, the UK’s number one provider of tax free bikes for work through independent bike shops. The scheme is run through salary sacrifice, where you pay back the loan to your employer from your gross salary, meaning you benefit from income tax and national insurance relief. Your employer saves on national insurance contributions too.

The scheme is available to UK tax payers who pay PAYE. To find out more visit www.cyclescheme.co.uk or visit Buckingham Bikes in Buckingham Street, Aylesbury. Telephone 01296 482077.

Halfords offers its Cycle2Work scheme which enables you to loan a bicycle and related accessories via your employer, spreading the cost over 12 or 18 months. Again you benefit from income tax and national insurance relief and your employer saves on national insurance contributions. To find out more visit www.cycle2work.info or contact 08700 660511.

These cycle loan schemes are fantastic and one of the best Government tax breaks available.

If your company doesn’t offer something already, why not get them to get something started. You and your colleagues will benefit. If you need a hand convincing your employer, then contact the Cycle Aylesbury team on 01296 387411.