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  1. #1
    Junior Member
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    Apr 2009
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    cycle to work scheme??

    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?

  2. #2
    Senior Member
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    Sep 2001
    Location
    Montreal
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    Peugeot Hybrid, Minelli Hybrid
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    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.

  3. #3
    Junior Member
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    Apr 2009
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    Hi

    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?.

  4. #4
    Senior Member
    Join Date
    Sep 2001
    Location
    Montreal
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    Peugeot Hybrid, Minelli Hybrid
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    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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