Cycle to Work Scheme Tax-free bikes for work for you in Leicester
Your local cycle to work scheme bike dealer is Graham Goode Cycles Leicester’s Bike & BMX Shop who have years of bike experience.
Graham Goode Cycles Leicester make riding a bike to work cheaper, using the UK's number one provider of cycle to work tax relief bikes for the Government's Cycle to Work tax relief initiative, Cyclescheme .
Everyone wins - employees make big savings with cycle to work tax relief on new bikes, up to 50% off, employers get a healthier workforce and save money too!
Cycle to work scheme helps employers of all sizes from NHS, Councils too small companies to set up and run successful tax free cycleschemes.
Graham Goode Cycles Leicester have a dedicated Cycle to Work Scheme advisor Glenn Hardy
Contact Glenn direct on Tel 0116 245 2319 or email glenn@grahamgoode.com
1/ Visit Graham Goode Cycles Leicester’s bike shop to select the bike and bike accessories like helmets, lights, locks, mudguards that you want.
2/ You will be given a paper quote from Graham Goode Cycles for a bike and accessories from £200 up to £1000
3/ Then you go to Cycle scheme’s online website tool to apply for your chosen package by entering the details online and requesting a secure voucher.Once you have requested a secure voucher, your employer confirms eligibility and approves the request.
4/ Cyclescheme will send them an invoice for the bike package to your employer, and a hire agreement is sent to you to sign.As soon as the bike is paid for by your employer, the secure voucher is sent to you. Approx 2 weeks.
5/ You contact Graham Goode Cycles to arrange collection of your bike and bike accessories. You'll be asked for photographic ID and too sign the cycle to work scheme voucher when collecting the bike and equipment.
Help your employer help you to up get a 50% saving discount Tax Free Bike!
A cycle to work scheme is a great incentive for employees, and companies can save money too - every bike processed through the scheme means an employer's National insurance saving.
Everybody wins, and it's time to let your employer know!
We have a full information pack to give to your employer when they contact us on your behalf, which will tell them all about how the Cyclescheme operates.
Your employer has to be willing to run the cycle to work scheme before you can get your bike.
The good news: once your employer is on board we help them administer the scheme and you should be on two shiny new wheels cycling to work before you can say “where are my cycle clips?”
The Cyclescheme is available to UK tax payers who pay PAYE.
Please note that the self-employed cannot take part in the cycle to work scheme.
This is because the cycle to work 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.
Your hire payments with the cycle to work tax relief are deducted from your gross monthly salary.
At the end of the hire period your employer has the option to offer the bike to you.
If you want the bike, you pay a Fair Market Value payment to own it outright and some employers may treat your monthly hire payments as an interest free loan and the bike is then paid for in full.
Cycle to Work Scheme Leicester Graham Goode Cycles
Lutterworth Road Aylestone Leicester LE2 8PH Tel 0116 245 2324
Graham Goode Racing Lutterworth Road Aylestone Leicester LE2 8PH Tel 0116 244 0080