Introductions - cycle to work scheme??
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04-07-09, 10:36 AM
Hi i work for NHS and the cycle to work scheme starts end of april with my employer, is this worth taking part or is it cheaper to take 0% finance of a year with bike dealer?
04-07-09, 11:52 AM
I believe this scheme saves you the income tax that you would have paid on the cost of the bike. Therefore it is better than a 0% interest loan. The higher your income tax bracket the better it is. I wish we had the same sort of scheme here.
04-07-09, 02:47 PM
I've asked a few people and i'm getting mixed opinions, cheers for the reply. Have you asked your company if they would take part?.
04-07-09, 09:03 PM
This isnt available in Canada, but my daughter is in London and a friend of hers got a huge saving on his bike. I suspect there might be delays in setting up the purchase, which could result in the best biking weather being over by the time you get your bike
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