Massive Tax Savings with Cyclescheme

Get a tax free bike for work and enjoy big savings

Take advantage of the Government's Green Transport Policy to purchase a new bike and accessories for commuting to and from work at huge savings of up to 50%!

Sirrus Bike 559Active work with the Cyclescheme program to help you take advantage of the benefits of the Green Transport Plan. Through Cyclescheme we can supply Specialized bikes and all your cycling accessories via your employer with massive savings

Well take care of everything: the bike, the accessories, the servicing, the advice and of course the paperwork.

By partnering with 559Active you will have access to Specialized, the number one bike brand in the UK, plus the specialist knowledge and advice needed to ensure you take full advantage of the incentives on offer and get the most out of your cycling.

This initiative is only available through your employer. This is because the scheme is run through a process known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of the bike and related equipment. The scheme is available to UK tax payers who pay PAYE. Please note that if you are self-employed, sorry, but you cannot take part in the scheme.

So what are the benefits

Cyclescheme is a win-win situation for both employers and employees. Employers benefit from a more healthy, happy workforce and from a reduction in company national insurance contributions, and the scheme adds perceived value to the compensation package an employee offers to their employees, with no added resources required

Employees benefit from the massive savings the program offers rather than the traditional method of buying a bike. The health and fitness benefits that come with increased exercise and activity are well known, and you can also cut back on your existing public transport and car costs.

How does the employer benefit ?

Make savings on national insurance contributions
Offers a tangible benefit to staff
Zero cost to employer
Relieve pressure on corporate parking and traffic congestion
Encourages a healthier workforce
Bikes can be treated as a business asset to recover VAT
Encourages staff loyalty in the long term

How does the employee benefit ?

Income tax, VAT and national insurance contributions savings can add up to 50% off the price of the bike and accessories
Choose from the UK's number one bike brand
No finance charges
Enjoy the health benefits of commuting to work
Make your salary go further each month

So how much could I save ?

Got a bike in mind already, want to see what savings you could make, use the Cyclescheme calculator to calculate your own personal savings proposal

If you have any further questions Cyclescheme has a Question & Answer sheet available as a download

The next Step ........

Employees and Employers who would like to find out more about what 559Active and Cyclescheme can do for your company, please email us with your contact details and we will contact you to discuss the scheme in more detail

Date: 22/06/2007

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