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

Tracey west a sellafield ltd employee purchased an electric bike last year through the scheme she said.

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

E bike cycle to work scheme without the 1000 limit launched by uk government you can now use cycle to work to buy an e bike costing over 1000 paul norman june 10 2019 12 28 pm. There are 3 package types to choose from click here to jump to more information on them. What can i get on the cycle to work scheme. Under the scheme your employer can buy a bicycle and safety equipment for you.

The cycle to work scheme generally known as the bike to work scheme is a tax incentive scheme to encourage employees to cycle to work. Under the scheme an employer can pay for a new bicycle including bicycle accessories and the employee then repays the cost in regular installments from their gross salary. Including any type of bike e bike or cycle with at least 2 wheels. Any kind of bike can have electric assistance.

Raleigh s stow e way 1 100 is an example of the latter. You can get a bike from niche providers too such as mason cycles. Buy an electric bike for work the easy way. The scheme allowed me to buy a powerbike from a local supplier and i now cycle to work.

To obtain a quote send an email to sales e bikesdirect co uk with your details the scheme you are using and the bike and accessories that you are interested in. Cycle to work scheme. For pedelecs or ebikes and related safety equipment the limit is 1 500. There are now two limits depending on the type bicycle purchased.

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 e bike scheme is run solely by go electric and complements all existing cycle to work schemes. The only cycle to work scheme exceptions are. So the first question to ask is.

This will not be a taxable benefit in kind. What kind of bike do you want. A number of consumer direct and online retailers including yt and canyon also now offer bikes through the cycle to work scheme. This scheme aims to encourage you to cycle to and from work.

You can get whatever you need to keep you in the saddle and cycle commuting regularly. We offer a range of high quality electric bikes on similar terms to the cycle to work scheme but we offer additional savings by cutting out the middleman. Electric assist hybrids are most common but there are electric assist road bikes mountain bikes tricycles and folding bikes.