Cycle scheme – Cycle To Work Scheme

Here at Bournemouth Cycleworks, we work with a number of cycle scheme providers to help make the purchase of your new bike or eBike and accessories more affordable. Cycle schemes allow you to make a tax-free purchase, saving up to 47%, by paying for the eBike and accessories out of your pre-tax salary. Better still, being a salary sacrifice scheme, the payments are taken out of your salary over an extended period (usually 12 months) meaning you get to spread the costs also!

How does it work?

For the best experience, we recommend booking an appointment. This way you can have a dedicated time slot to try multiple eBikes and navigate the range with a member of the Bournemouth Cycleworks team. We have  different bikes available for a test ride from these brands: Kalkhoff, Riese & Muller, Trek, Giant and Focus.

Fees Example

Different schemes are structured differently. The Green Commute Initiative does not charge a final payment, but others do – so please check your scheme carefully. You may be subject to an additional charge at the end of your agreement. All scheme providers charge Bournemouth Cycleworks a subsidy for acting as middle-man in the transaction. The fees that we are charged are:

  • Green Commute Initiative = 5% commission
  • Bike2Work Scheme = 10% commission
  • Cyclescheme = 10% commission
  • Cycleplus = 10% commission
  • Vivup = 12.5%
  • Halfords / Cycle2Work / RGCycle2Work = 15%
  • Cycle Solutions = 10%

Please note that Bournemouth Cycleworks reserve the right to charge a build fee when processing cycle scheme vouchers equal to the above fees. This will be added to your quote where possible. It’s important to point out that Bournemouth Cycleworks only aims to cover its costs – but you still make big savings!

At a time when stocks are low, losing out a large slice of the money we make selling bikes affects our ability to offer great service and stay profitable. We don’t think these fees are justified, especially when the you consider the small amount of admin involved and the savings you, the customer, makes. At present we have no choice but to pass these fees on.

Tax Free Cycle To Work Purchase – What’s it all about?

The government introduced The Green Transport Plan to encourage improved fitness and to reduce pollution and congestion in 1999. This initiative was further enhanced in August 2006 when health minister, Caroline Flint, outlined her bid to improve the nations fitness by incorporating exercise into our daily routine.

The green transport plan enables employers to offer their employees the use of a bike and biking accessories, tax free, and spread the payments over 12 months or more in some cases!

Employers who are registered with a tax-free cycle scheme are able to buy your choice of bike from us and lease it back to you, with an option for you to buy it for a nominal fee at the end of the lease period. You can also purchase accessories and safety equipment with the bike.

So no need to wait for the bike you’ve always wanted, order from us now and get your employer to pay!

Ask your Personnel or HR Manager for more info or ask them to contact us on 01202 424945.

Cycle To Work Scheme

Cyclescheme

Cyclescheme is working with a network of independent bike shops to supply the nation with quality tax free bikes and equipment for work. They have a wealth of experience organising no-hassle tax free bikes for employees. Hundreds of companies of all sizes have already benefited from our easy-to-follow system! Coming from the cycle industry, they understand the needs of customer and bike shop, and we’ve made the process really simple. Employees apply for their tax free bike packages using a secure voucher and the details can be easily checked and approved online by human resources.

Cyclescheme website: www.cyclescheme.co.uk

The Green Commute Initiative

Green Commute Initiative

The Green Commute Initiative is a revolutionary new Cycle to Work scheme perfect for e-bikes.

There’s a revolution in commuter transport going on. e-bike commuting is fast, healthy, and really cool! So leave the car and lycra at home, forget the frustration and congestion and enjoy your e-cycle to work.

You could be on a new e-bike tomorrow. Find out more now!

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