Tax free bike-to-work schemes

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Save up to 40% - get a Bristol Bicycle for as little as £249*

We now accept salary sacrifice vouchers allowing you to save between 20% and 40% of the cost of a bike and spread the payments over 12 months*. We currently accept vouchers from:

If your employer's provider is not listed, please ask us and we may be able to sign up

 

 

 

 

 CycleScheme
 
 
 
Cycle Solutions
 
Salary Exchange

 

 Halfords Cycle2Work

 

 SalaryExtras

 
C2W Support
 
University of Bristol
 
 
FairCare

 

We recommend the Green Commute Initiative because unlike other providers they allow a spend of over £1000, they can often offer free finance to the employer to cover the cost of the bike, and they only charge a 5% admin fee.

 

 

Example Savings

For a basic rate taxpayer using the Green Commute Initiative:

 

Normal price of bike  

 £415

plus cycle to work scheme fee**: 

 + £22

  plus end-of-hire fee***: 

 + £1

 minus your tax savings: 

 - £140

Total cost  

 = £298

net monthly salary sacrifice: 

 £25 (over 12 months)

  saving compared to normal price: 

 28%


(Example based on data from www.greencommuteinitiative.uk/savings/, please see your employer's savings calculator for accurate information. Most employers also charge an end-of-hire fee if you choose to keep the bike).

 

 

How to apply

Please just pop in to Jake's Bikes to choose your bike and accessories, and then ask us to send or email a written quote which you can submit to your employer.

 

 

 

 

* Only available if your employer is signed up to one of the above schemes. The exact saving varies depending on your level of income tax and National Insurance, the end-of-hire fee, and exactly how your employer administers the scheme, please contact your employer for details.

** All cycle scheme providers charge a fee which we add to the price of the bike and accessories. However, the tax savings available more than compensate for this cost - see the above example. Most schemes charge a 10% fee. The Halfords Cycle2Work, FairCare and SMEHCI fees are 15% so we recommend using a different scheme if you have the choice. The Green Commute Initiative's fee is only 5%, so we recommend using them if your employer is able to do so.

*** Most employers have to charge an end-of-hire fee to transfer the ownership of the bike into your name once your monthly payments have finished. The older the bike the lower this fee, so we suggest deferring this payment for 3 years. See www.cyclescheme.co.uk/help/endo-of-hire-process-video

 
 

All parts and accessories only available from our shop in central Bristol, not available online or by mail-order, sorry. However we can send gift vouchers by post. Bristol Bicycles may be purchased online here.




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