Stephen Bennett from On Your Bike

Companies can Boost their Staff Morale By Supplying a Bike at 40% or more off retail subject to personal P.A.Y.E. and N.I. scale rates.The government scheme for riding to work.

Give Peter a call on 01489 589269 or

Stephen  Bennett on 0161 429 4151

Shirley Guy with Mark Herniman and his draw prize of a new Raleigh.

Shirley Guy presenting the draw prize of a new bike to the winner Mark Herniman. The management team at The Office of National Stastics at Titchfield are promoting strongly the incentive that the Goverment is offering through the salary sacrifice scheme. Facilities at work include Cycle Parking Pods for storeage of bikes whilst at work, changing rooms, shower rooms, and shortly wet rooms where wet clothing can be dried during the day.

Peter from Peter Hansford Ltd. the local cycle dealer in the Parkgate, Chandlers Ford and Winchester area and Stephen Bennett from On Your Bike  were on hand to talk to staff and explain the scheme. Peter and Steve gave adviced on the styles and types of bikes most suited for Commuting although the offer is not restricted and the choice of bike is up to the employee.  With over 40 years experience in the trade good sound recommendations for the type of bike and reasons why were explained. The only limitation is the total value including accessories and clothing must not exceed £1000 for the Scheme. 

 

Peter and Stephen are willing to talk to any prospective employers who would like to learn more about the scheme and how it could reduce car parking problems at work, traffic jams, be good for the environment and reduce pollultion. Cycling is good for you as excerise as you may know people who cycle and are much more active and healthier than those that don't.

 

Give Peter a call on 01489 589269 or Stephen 0161 429 4151 and they would be pleased to a explain in detail how it works.

 

The scheme the Chancellor has announced gives a generous tax exemption scheme, open to all employees, designed to ensure greater use of bikes (The Green Transport Plan) to promote healthier journeys to work, and take action to reduce environmental pollution.

On our gross salary you could be paying P.A.Y.E at 22% to 40%

On our gross salary you could be paying N.I. 11%

When an employee is due to receive his monthly wage the 12 payments are deducted from your gross pay therefore saving P.A.Y.E.  PLUS  N.I.

On top of this the employer if registered can reclaim the V.A.T. of 17.5% thus reducing the price even further.

Listing  total consessons could be as much as 22% + 10% +17.5%=49.5%

Putting this into practice a £1000 bike could cost the employee £505

 

The scheme is operated through the employer, and allows the employer to provide employees with a maximum annual tax exemption of £1000 to purchase high quality cycles, with comprehensive support, as a tax free benefit, fully endorsed by the Inland Revenue.

 

It's an incredibly generous, far sighted move by the Government, that absolutely everyone can take advantage of. All that's required is for your employer to take up the scheme, and offer it around. So it's worth checking that your employer has heard about it, and knows that Peter from Peter Hansford Ltd. and Stephen Bennett from On Your Bike are here, ready to make it all happen effortlessly!