CYCLE SOLUTIONS – THE TAX-EFFICIENT WAY TO ENJOY CYCLING TO WORK……..New government legislation is allowing Wheelies Direct to offer workplaces substantial savings on tax-free bikes and cycling gear. ‘Cycle Solutions’ enables employers, to offer their staff bicycles and cycling equipment with savings of up to 50% from the retail value through a flexible benefit scheme. This ‘cycle to work’ scheme has been
made possible through the governments ‘Green Transport Plan’. Cycle to Work - The Green Transport PlanThe scheme takes advantage of generous tax benefits provided by the Government in support of the Bike to Work scheme. This cycle plan has been set up by the government specifically in order to promote the use of bikes as an alternative mode of transport. Substantial investment is being made to develop and improve local cycle routes in order to make cycling safer and more enjoyable. The aim of the Bike to Work Scheme is to get more people cycling to work on a regular basis. This should in turn reduce traffic congestion and pollution to the environment and also improve the health and fitness of the general public. How does the bike scheme work?Companies are able to loan their staff bikes and cycle equipment as part of their employee benefits package. The Bike Scheme then makes it possible for employers to offer employees tax reductions if they wish to enjoy the benefits of cycling to work. By taking advantage of these generous tax exemptions, employees will make a ‘salary sacrifice’ in return for the tax-free benefit of the bike. Find out more information on how ‘Cycle Solutions’ can help you launch your own Cycle to Work Scheme……
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Wheelies Direct, Kingsway, Swansea West Industrial Park, Swansea SA5 4DL
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