Tel: 02894466369 - Int: +44 1978 855 996


Phone lines open Mon-Fri 9.00am-5.30pm    

Home > Cyclescheme

Cyclescheme

Cyclescheme

Cyclescheme

Your Employer must have joined Cyclescheme for you to use this method of payment.

Who are Cyclescheme?

Cyclescheme is an independent company created to help employers and employees make the most of the Governments Green Transport Plan Initiative.


How do you join Cyclescheme?

Your employer has to be willing to run the scheme before you can get your bike. Your employer can get a full information pack from www.Cyclescheme.co.uk


How much can you save?

Typical savings are between 30% and 50% but the actual amount you pay depends on your personal tax band, and the way your company runs the scheme. Higher rate taxpayers will save more, employees whose company cannot reclaim VAT (the NHS for example) will save less. If the employer uses external finance (i.e. your employer borrows the money to buy the bikes from an outside source) then savings are normally 5% lower. Finally, the fair market value payment needs to be taken into account when calculating the total savings.


How are the savings made?

Your employer buys the bike from Cyclescheme and hires it to you. You pay back the loan on your bike, accessories and safety equipment from gross rather than net pay. Your payments are deducted from your gross monthly salary.

 

More Information required about Cyclescheme?

Contact Cyclescheme at - otherqueries@cyclescheme.co.uk


How do you order your bike?

Please email sales@shinybikes.com or call us with a full specification of your bike requirements and we will give you a written quotation.


How do you get a Cyclescheme Voucher?

Contact Cyclescheme and they will supply you with a secure voucher for the price of your bike. Cyclescheme may require you to provide a quotation for the price of the bike.

Administration Charge

As all our bikes are built to your individual requirements and are all our prices are heavily discounted already there is a 10% administration charge for all Cyclescheme orders.


How much can you spend on a bike?

Most employers are only able to accept a maximum of £1000 on the scheme. If you wish to spend more than that please contact us and we will advise you.


Cyclescheme Order Confirmations

Order confirmation prices are only valid for 28 days. If we do not receive your Cyclescheme voucher within that time we reserve the right to cancel your order or request you to pay any price increase that may have occurred during that 28 day period. We will require you to pay any price increase by credit card direct to our Accounts Department.

Groupsets

Patment Methods

TAX free bikes

Frames