Cyclescheme|Cycle to Work|Cycle Plus|Bike2Work with All About The Bike

All About The Bike offers 4 different Cycle to Work Schemes - Cyclescheme, Cycleplus, Bikes for the NHS & Bike to Work (AATB's own scheme) - Click on each Logo for individual details

 

Tax Free Bikes All About The Bike Tax Free Bikes with Cyclescheme Tax free bikes with CyclePlus Tax Free Bike with Bikes for teh NHS

Cyclescheme

Cyclesheme - Bike 2 Work

If your employer is not yet part of Cyclescheme full details are available at www.cyclescheme.co.uk .

Cyclescheme levy a 10% commision charge on all orders paid for with their vouchers. As we are unable to absorb these fees all bikes and accessories purchased under the scheme will be charged at manufacturers recommended retail prices. We will however honour all monthly special offers i.e gifts etc.

To request a quote please email us at sales@all-about-the-bike.co.uk or call on 01244 552000 with your full requirements. Alternatively prices are available on the web but please remember that all Cyclescheme purchase are at rrp which may not be the advertised price.

 Once you have been issued with your voucher you will need to confirm your order with us. In order to reserve your bike and any accessories please either call or email beforehand and you will be issued with an order number. You must then post your voucher to us and a copy of some photo ID,(passport/driving license) together with your order number.

Please note: All Cyclescheme vouchers MUST be signed before being sent to us. If they are not signed, we cannot process the order. Once received we will contact you for any balance and prepare your bike.


To purchase a bike through Cyclescheme you will need our shop code which is ALLAB003


 

 CyclePlus

Cycleplus - Halfords

 If your employer is not yet part of Cycleplus full details are available at https://www.salary-plus.co.uk/sites/EntryPages/HSE/cycle-plus/index.html

Cycleplus levy a 10% commision charge on all orders paid for with their vouchers. As we are unable to absorb these fees all bikes and accessories purchased under the scheme will be charged at manufacturers recommended retail prices. We will however honour all monthly special offers i.e gifts etc.

If you require a quote please email us at sales@all-about-the-bike.co.uk or call on 01244 552000 with your full requirements. Alternatively prices are available on the web but please remember that all Cycleplus purchase are at rrp which may not be the advertised price.

 Once you have been issued with your letter of collection you will need to confirm your order with us. In order to reserve your bike and any accessories please either call or email beforehand and you will be issued with an order number. You must then post your letter of collection to us and a copy of some photo ID,(passport/driving license) with your order number

Please note: All Cycleplus vouchers MUST be signed before being sent to us. If they are not signed, we cannot process the order. Once received we will contact you for any balance and prepare your bike.

 

Bikes for the NHS

Bikes for the NHS Tax free Bikes

 Further details are availbale at  http://www.bikesforthenhs.co.uk/ 

Bike for the NHS levy a 12.5% commision charge on all orders purchased under their scheme. As we are unable to absorb these fees all bikes and accessories purchased under the scheme will be charged at manufacturers recommended retail prices. We will however honour all monthly special offers i.e gifts etc.

The NHS scheme has it's own set of ordering instructions. In order to apply you will need to complete their quotation form with your name, contact details and place of work. for a quotation form please email or call on 01244 552000

Once you know you have been accepted on the NHS scheme you will need to confirm the order with us. In order to reserve your bike and any accessories please either call or email and you will be issued with an order number. SMEHCI  will then contact us with an authority to proceed. Once the authority is received we will contact you for any balance and prepare your bike.

  

Cheap Tax Free Bikes Cyclescheme

With All About The Bike's Own Cycle Scheme bikes can be purchased at the advertised price - No RRP's and you can take advantage of all applicable discounts! 

If your employer operates their own scheme outside of Cyclescheme, Cycleplus or Bikes for the NHS or would prefer to use our scheme, ordering is a simple 3 step process:

1. Choose your bike and add it to the cart

2.Place your order order on line and either pay by company credit/debit card or pay by cheque

3.We dispatch your bike

For Full Details Please Read on

Bike to Work with All About The Bike

  

hat is Bike to Work

 

Bike to Work is All About The Bike’s own scheme under the government’s Cycle to Work Transport Plan. The Transport Plan’s aim is to encourage us out of our cars and cycle to work. Unlike most government schemes this one doesn’t leave you out of pocket in fact it reduces the cost of buying a bike by up to 50%! So not only do you save on fuel and time you also get a bike at a fraction of the normal cost -  No Strings, No Catches.

 

How does it work

 

You choose a bike and appropriate safety equipment up to a value of £1000. Your employer buys the bike and any accessories and loans them to the you (the employee) over a fixed period typically 12 or 18 months.  You commit to a small reduction in your gross salary (salary sacrifice) sufficient to fully cover the cost of the bike over the chosen period. Because the deductions are made from gross salary before any Tax or National Insurance is taken your pound goes further as the amount normally deducted for NI & tax goes to pay towards the bike. Also if your employer is VAT registered then the VAT can also be deducted. Add the savings from the VAT, Tax & NI together and you save up to 50%!!

 

At the end of the loan period, your employer may sell you the bike. Usually this is a fraction of the original cost, typically 5% or one extra payment (i.e. a 13th or 19th payment).

 

Who Can Use the Scheme?

 

There’s nothing worse – you read through all the blurb, get to the end and Hey Presto - doesn’t apply to me!! The good news is that the vast majority of people can benefit from the scheme but the requirements under the Cycle to Work Transport Plan are:

 

 

 Still with us? – Great read on!!

Bike to Work - Staff

How Much Can I really Save?

 

Here’s a typical example

 

Dave’s seen the prices at the local petrol station rocket over the last few months and has decided its about time he ditched the car and started riding to work. He’s had his eye on a Dawes XC2.2 which is currently being sold by us at £488. Dave works for a local office machinery company who are VAT registered.

 

Straightaway Dave saves 15% on the rrp of the bike through using AATB’s Bike to Work Scheme.

 

This is how the scheme can help Dave save another £209 on his new bike.

 

 

This is Dave’s savings:

 

 

 

 

 

 

Remember if you’re a higher rate tax payer you save even more. The table below provides an example to compare against. 

 

 

Basic Income tax

Higher Rate Income Tax

Employer VAT registered?

Yes

No

Yes

No

Vat Saving

72.68

0

72.68

0

Net cost of bike

415.32

488

415.32

488

Income Tax & NI saved through paying via salary sacrifice

137.05

161.04

170.28

200.08

Total Savings*

209.73

161.04

242.96

200.08

Cost of bike

278.27

326.96

245.04

287.92

Equivalent Monthly Cost over 18 months

15.46

18.16

13.61

16.00

Equivalent Discount

43%

33%

50%

41%

 

 

 

 

 

* Total savings are based on the employer passing on the VAT savings (where applicable) and the

NI and Tax not paid on salary sacrifice deductions

 

 

 

There’s no laid down guidelines as to the type of bike that can be purchased under the scheme as long as it can be used to get to and from work however children’s bike’s are not included in the scheme.  The scheme also allows for Safety Equipment to be included and this can include:

 

 

I want a bike what do I do next?

 

If you’re employer is already set up for Cyclescheme or similar that’s great because its even easier to buy a bike from us. Just speak to your Cycle to Work organiser and let them know about Bike to Work. We just need a few details from them and your off. No vouchers, no waiting for confirmations, no delay. Its as simple as 1, 2, 3!

 

  1. Select the items you want and complete the order form
  2. We’ll confirm availability & send an invoice by email to your employer which can be paid by Debit, Credit Card or Cheque (will need to clear).
  3. We send the bike and any equipment within 2/3 days of payment (cleared). If your employer agrees we can also send the bike to your home address.

 

If you don’t currenty operate a Cycle to Work scheme print off these pages and pass them to your employer to get them started. We have a complete starter pack we can send them or alternatively get them to give us a call and we can chat through the scheme and what they need to do.

 

 I've Got Some More Questions - What Do I Do?

 

Click on the Frequently Asked Questions banner below or alternatively you are more than welcome to call us on 01244 552000 or email us at sales@all-about-the-bike.co.uk

 

 Cyclesheme FAQs

 

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Bike To Work - For Employers

 

  I’m an employer what do we do?

 

We have all the documentation for you to use or adapt to set up the scheme as quickly and easily as possible which we can be easily mailed through. But before you get started…

 

What's in it for the Employer? 

There are very few perks which as an employer you can offer your staff which will save you money and improve their health and well being to boot. Giving your staff a tangible benefit will not only motivate them but people who cycle regularly tend to take less sick leave and generally are far healthier than their car bound colleagues.

 

For every member of staff that cycles another car parking saved and significantly contributes to company green policies and transport plans – and then there’s the financial benefits.

 

The company can treat the cost as a capital expenditure and claim capital allowance in the normal i.e 40% year 1 25% year 2 for SME or 25% Year 1 & 2

 

You don’t pay Employer’s National Insurance Contributions on any sacrificed salary (this is typically 12.8%)

 

How does it Work?

 

The Cycle to Work Transport Plan allows employers to purchase bikes and safety equipment to loan to their staff over a fixed period (typically 12 or 18 months) which the employee pays hire charges for though salary sacrifice. This allows employee to take advantage of Tax & NI breaks and repayment of a VAT free amount where this is passed on to the employee.

 

As an employer you can claim back the VAT (or pass on this as a benefit), claim capital expenditure and save on NI employer contributions

 

Which of my employees can take part in the Scheme?

 

The scheme must be open and available to all employees who meet the following criteria:

 

The Employee/’s:

 

 

What Can & Can’t be purchased under the scheme?

 

The Scheme allows you to purchase and loan a bike together with safety equipment up to the value of £1000. There are no laid down guidelines as to the type of bike that can be purchased under the scheme but it must be suitable to be used to get to and from work however children’s bike’s are not included in the scheme.  The scheme also allows for Safety Equipment to be included and this can include:

 

 

What’s involved and how do we set up a cycle to work scheme.

 

AATB will provide you order forms and draft hire agreements for use under the Bike to Work Scheme.

 

Please email us at sales@all-about-the-bike.co.uk or call us on 01244 552000 and we’ll gladly send you our Bike to Work pack.

 

Refreshingly so the Department of Transport's implementation guidance is extremely clear and provides all the details required to get up and running. We suggest any employer thinking about setting up a scheme has a read of the DOT guidance/the information below and then rings ourselves on 01244 552000 to chat through any questions may have (although we have put in below some of the more frequently asked questions). We’ll help you through the process and provide you with the necessary advice and guidance.

 

The link below will take you to the DOT guidance

 

 http://www.dft.gov.uk/pgr/sustainable/cycling/cycletoworkguidance/pdf/518054/

 

 

 

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Frequently Asked Questions

 Will using the Cycle to Work scheme affect my pension or other benefits?

 As a salary sacrifice reduces your gross salary there may in certain circumstances impact on pensions and other benefits. Whilst the impact maybe small you should check with your employer if any of the following circumstances apply to you:
What happens if I take unpaid leave
If you take unpaid leave during the scheme your employer can extend the salary sacrifice for up to 6 months. This can also apply if you take maternity or paternity leave.
What sort of contract will I have with my employer under the scheme?
The contract between you (the employee) and your employer will be formalised through a Hire Agreement regulated by the Consumer Credit Act. You should be aware that this is a non-cancellable legal agreement. The charges made for the hire of the bike/equipment can only be made through salary sacrifice.

What happens if I leave before the end of the Hire Period?

If you leave your employment for any reason during the salary sacrifice period then your employer will normally require you to pay compensation. The compensation is ordinarily the employers costs which have yet to be recouped under the salary sacrifice arrangement. This compensation amount will be taken from the employees final net pay and will not qualify for the PAYE and NIC savings. This compensation fee can be regarded as the termination fee for the contract.

Normally the compensation payment should be calculated so that it covers the fair market value of the goods in order to transfer their legal ownership from the employer to the employee.
Does my employer have to let the tax man know about the scheme?
 
There is no requirement for your employer to inform any of the relevant authorities that they are setting up a Cycle to Work scheme. However they will need to ensure that correct records are held and they may wish to verify this with their tax office.
 
Can I spend more than a £1000 on a bike and safety equipment?
 

Whilst there is no formal limit to the value of the bike etc that can be purchased under the scheme most employers stick with the £1000 as this allows them to operate the scheme under the OFT’s Group Consumer Credit License for employers operating the scheme. If your employer wishes to supply bikes etc in excess of £1000 they will need to apply for their own consumer credit licence. .

 

 Who pays for the bike

 
Your employer pays for the bike either by company credit or debit card, cheque or bank transfer.

Who will own the bike/accessories?
 
The goods will remain the property of your employer until the hire period finishes. At the end of the hire period the employer may choose to sell the you the bike at a fair market value (usually 3-5%). Ownership of the bike can only be transferred at the end of the hire period and after the nominal purchase price has been paid. If this is not adhered to it would invalidate the scheme and all tax and national insurance savings would be lost.
Do I have to ride to work all the time to buy a bike under the scheme?
The scheme stipulates that the bike must be mainly used for qualifying journeys to and from work. This can include part journeys i.e. to the train station from home and from one office to another. The definition of mainly is at least 51% of journeys
If the bike/safety accessories provided under the scheme are not ‘mainly’ used for qualifying journeys then you may lose the benefit of the PAYE and NIC savings under the scheme

Who is responsible for looking after the bike?
You (the employee) are responsible for maintaining the bike and keeping it in good repair.

Who is responsible for insuring the bike?
You (the employee) are responsible for insuring the bike. Most household insurance policies will cover bikes but you should also inform them that it is a bike under the scheme which belongs to your employer. If you do not insure the bike and it is stolen or damaged you will still have to pay any amounts due under the scheme.

Where will the bike & equipment be delivered to?
We will automatically send the bike and any equipment ordered to your employers address. However we appreciate that sometimes getting a bike home from work may not be the easiest of tasks and therefore subject to your employer agreeing we’re more than happy to send the bike to your home address.

How will the bike be delivered?
We only use fully insured courier service who operate a signed for service. All bikes supplied under the scheme will be fully PDI’d i.e. checked and adjusted before dispatch and delivered fully assembled in our bespoke boxes. All you need to do is straighten/tighten the handlebars and attach the pedals. All other bikes will require the handlebars, pedals and front wheel to be attached. Your are of course welcome to pick your bike up in person.
 
How long will it take to get the bike.
From point of payment being made/clearing dispatch is normally within 2 to 3 working days. If delivery is to be any longer than this we will let you know when the order is made. If the bike or any item is out of stock we will inform you within 24 hours and provide an expected delivery date.
Can I just buy accessories?

Unfortunately not. The scheme only allows for accessories to be purchased with a bike.   BACK TO TOP