Thursday, February 19, 2015

U.K. - Cyclescheme: purchase a bike through your employer

Cyclescheme allows cyclists to purchase them on a monthly payment plan, with their employer paying up front. The monthly repayments to the employers comes off the gross before-tax salary, so effectively the government is sponsoring your purchase by the amount of income tax you pay. It favours those who pay more income tax … but also favours cycling! Read more.

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