What is a tax free bike scheme?
cycle-plus is a government approved scheme that allows you to hire a bike and safety equipment from your employer for the purpose of commuting to and from work and for use at weekends and evenings. The bike you hire will be provided at up to 40% less than the usual cost you would pay which can result in savings of up to £400*. Can I choose any bike? As long as the store you choose to visit either stocks or can order the bike you want then you are not limited to any particular make or model, therefore you can choose the best bike that suits your needs and budget. How many times a week do I have to use my bike for work? The bike hired through the scheme is provided on the basis that you intend to make at least 50% of your trips or part trips to work using the bike. However, there is no requirement for you to specify what days/months of the year you will do this or record trips. N.B. you may also use your bike for leisure and weekends and whilst you are on holiday. Will my pension & other
