Bike parts and components can now be included on the Evans Cycles Ride-to-Work scheme, possibly other companies too. It's a salary sacrifice scheme, deductions are from gross salary so you pay less tax and NI, saving you 32%-42% (depending on tax banding) on your purchase.
So if you need to upgrade or replace any parts to keep your bike in a good roadworthy condition, you can do so now with Ride-to-Work.
You can get any adult bike and a wide range of cycling equipment. You can select cycling equipment with a bike, or if you are already commuting by bike you can choose to get equipment only, with all the same tax savings.
A wide range of cycling equipment can be included on Ride-to-Work and scheme guidelines (as set by HMRC) advise a ‘common sense approach’ should be taken when considering items to include.
As a guide any items which help make you safer, keep your bike safe, or help with your commute can be included, as follows:
Helmet
Lights
Locks
Bags and racks
Cycle clothing*
Any high-viz items
Cycle cameras
Shoes
Mudguards
Pedals
Saddles
Tyres
Stems, seat-posts
Replacement bike parts to keep your bike safe on the road, for example
Brakes
Chains
Cassettes
Derailleurs
Groupsets
Wheels
Tools and maintenance items (e.g. pumps, puncture repair kits, multi-tools but not workstands)
Child seats and car racks can be included for example, when your journey to work involves using either piece of equipment as part of the commute.
*Cycle clothing needs to contain some high viz or reflective detail.
Minimum spend of £100, maximum £1,000.
Submitted for info for anyone wanting to get back in the saddle.
Top comments
fruit_bat
10 May 163#3
I didn't realise this thank you will help me. I got my bike on the scheme and could do with a few bits
All comments (36)
andyb83
10 May 16#1
I did this scheme 4 years ago and even then you could use the voucher for anything you wanted from the shop!
calsop1
10 May 161#2
Yeah this is nothing new.
Edit bought a CS bike last year. Got an extra set of tires with it.
Begize to calsop1
12 May 16#23
I think it is on this scheme, there are a few different ones running.
Where I work, we're in Cycle To Work / Cyclescheme and I'm in the process of getting a bike and some extra's like lights, helmet etc. The guy at the shop had to double check as some of the scheme's don't (didn't) allow it.
fruit_bat
10 May 163#3
I didn't realise this thank you will help me. I got my bike on the scheme and could do with a few bits
Sipo
10 May 16#4
I don't think you could buy just a set of wheels or groupset on the scheme before now (officially that it). Or at least that's how Evans are now promoting this update.
mikeydalby
11 May 16#5
I purchased my bike through the ride to work scheme a few years ago and you also lost the VAT.... then half way through paying for it the European commission forced a rule change and I had to start paying it..... thanks Europe
robertoegg to mikeydalby
11 May 16#6
to be fair, you already get a fair wallop off with income tax & Nat Ins being avoided. It would be interesting to see how many people actually use the bike to commute - cos I see hardly any others on the road on my commute (I'm implying here that it's simply a tax-avoidance scheme for some and not a health / congestion scheme as planned). I also think you are blaming the EU for clearly stating what the HMRC should have known in the first place.
Don't be surprised that it's our lot that are the fk-wits, not the EU.
Edit - actually, re-reading yours, it definitely wasn't a case of EU forcing a rule change, tthe European Court of Justice judgement essentially stated that since you'd pay VAT to hire a bike from a bike hire outlet, and you're effectively hiring the bike from your employer when you get a bike through a Cycle to Work scheme, that VAT is applicable to that too. And it's VAT before the payroll, so not 20% drop, but more like 11%.
Thanks UK HMRC / Goverment idiots for setting it up wrong in the first place.
JamieLewis15 to mikeydalby
11 May 16#16
Brexiter retards can't let a single thing go by without finding a way to attack the EU over it.
t77afy
11 May 16#7
shame does not include turbo trainers. the smart ones are a bit pricey.
mbuckhurst
11 May 162#8
Lol, so it is the EU telling our Government how it should be run, if the Government set it up wrong in the first place, that is how they chose to do it, surely they should be defining how the tax system in our country works.
My wife got her bike on the scheme and used it until the company relocated her office 20 miles across Manchester city centre. I could never persuade my boss to buy into the scheme, so the fact I cycled every day for years counted for nothing.
mike
robertoegg
11 May 161#9
You can put a spin on it how you want. ie, the anti EU or the anti Government.
20 miles? that's quite some distance, like, from one side of the M60 to the other!
The fact you cycled every day for 20 years means you should be far healthier in mind and body than had you not :smiley:
It's claimed that 30,000 a year die from inactivity. 400,000 people a year are treated for obesity (alone, this number soars if you factor in linked diseases). Something like 70% of ALL car journeys are less than 5 miles. There is a blindingly obvious solution here!!
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Opening post
So if you need to upgrade or replace any parts to keep your bike in a good roadworthy condition, you can do so now with Ride-to-Work.
You can get any adult bike and a wide range of cycling equipment. You can select cycling equipment with a bike, or if you are already commuting by bike you can choose to get equipment only, with all the same tax savings.
A wide range of cycling equipment can be included on Ride-to-Work and scheme guidelines (as set by HMRC) advise a ‘common sense approach’ should be taken when considering items to include.
As a guide any items which help make you safer, keep your bike safe, or help with your commute can be included, as follows:
Helmet
Lights
Locks
Bags and racks
Cycle clothing*
Any high-viz items
Cycle cameras
Shoes
Mudguards
Pedals
Saddles
Tyres
Stems, seat-posts
Replacement bike parts to keep your bike safe on the road, for example
Brakes
Chains
Cassettes
Derailleurs
Groupsets
Wheels
Tools and maintenance items (e.g. pumps, puncture repair kits, multi-tools but not workstands)
Child seats and car racks can be included for example, when your journey to work involves using either piece of equipment as part of the commute.
*Cycle clothing needs to contain some high viz or reflective detail.
Minimum spend of £100, maximum £1,000.
Submitted for info for anyone wanting to get back in the saddle.
Top comments
All comments (36)
Edit bought a CS bike last year. Got an extra set of tires with it.
Where I work, we're in Cycle To Work / Cyclescheme and I'm in the process of getting a bike and some extra's like lights, helmet etc. The guy at the shop had to double check as some of the scheme's don't (didn't) allow it.
Don't be surprised that it's our lot that are the fk-wits, not the EU.
Edit - actually, re-reading yours, it definitely wasn't a case of EU forcing a rule change, tthe European Court of Justice judgement essentially stated that since you'd pay VAT to hire a bike from a bike hire outlet, and you're effectively hiring the bike from your employer when you get a bike through a Cycle to Work scheme, that VAT is applicable to that too. And it's VAT before the payroll, so not 20% drop, but more like 11%.
Thanks UK HMRC / Goverment idiots for setting it up wrong in the first place.
My wife got her bike on the scheme and used it until the company relocated her office 20 miles across Manchester city centre. I could never persuade my boss to buy into the scheme, so the fact I cycled every day for years counted for nothing.
mike
20 miles? that's quite some distance, like, from one side of the M60 to the other!
The fact you cycled every day for 20 years means you should be far healthier in mind and body than had you not :smiley:
It's claimed that 30,000 a year die from inactivity. 400,000 people a year are treated for obesity (alone, this number soars if you factor in linked diseases). Something like 70% of ALL car journeys are less than 5 miles. There is a blindingly obvious solution here!!