{"id":2001,"date":"2020-07-24T09:51:15","date_gmt":"2020-07-24T09:51:15","guid":{"rendered":"http:\/\/kingedwinpark-travel.co.uk\/?p=2001"},"modified":"2020-07-30T13:12:08","modified_gmt":"2020-07-30T13:12:08","slug":"cycle-to-work-scheme-save-32-on-a-new-bike","status":"publish","type":"post","link":"https:\/\/kingedwinpark-travel.co.uk\/?p=2001","title":{"rendered":"Cycle to Work Scheme: Save up to 42% on a new bike!"},"content":{"rendered":"\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\" style=\"grid-template-columns:31% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"http:\/\/kingedwinpark-travel.co.uk\/wp-content\/uploads\/2020\/05\/cycleparking.jpg\" alt=\"\" class=\"wp-image-758\" srcset=\"https:\/\/kingedwinpark-travel.co.uk\/wp-content\/uploads\/2020\/05\/cycleparking.jpg 1024w, https:\/\/kingedwinpark-travel.co.uk\/wp-content\/uploads\/2020\/05\/cycleparking-300x200.jpg 300w, https:\/\/kingedwinpark-travel.co.uk\/wp-content\/uploads\/2020\/05\/cycleparking-768x512.jpg 768w, https:\/\/kingedwinpark-travel.co.uk\/wp-content\/uploads\/2020\/05\/cycleparking-716x477.jpg 716w, https:\/\/kingedwinpark-travel.co.uk\/wp-content\/uploads\/2020\/05\/cycleparking-332x222.jpg 332w, https:\/\/kingedwinpark-travel.co.uk\/wp-content\/uploads\/2020\/05\/cycleparking-820x546.jpg 820w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-normal-font-size\">If you&#8217;re considering making the switch to a pedal-powered commute or would like to upgrade your current commuting bike then it&#8217;s worth checking if your employer is part of a <strong>Cycle to Work scheme<\/strong> with a provider such as <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cyclescheme.co.uk\/\" target=\"_blank\">Cyclescheme<\/a> or <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cycle2work.info\/\" target=\"_blank\">Halfords Cycle2Work<\/a>. <\/p>\n\n\n\n<p>A Cycle to Work scheme allows you to save money on the cost of a new bike and spread payments with monthly tax-free instalments through your salary. <\/p>\n<\/div><\/div>\n\n\n\n<p>A few different scheme providers have their own variations but the basic idea is the same; <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Your workplace registers with the provider<\/li><li>You choose the bike you want<\/li><li>Your employer pays for it<\/li><li>You pay your employer back through monthly instalments taken before your salary is taxed <\/li><\/ul>\n\n\n\n<p>You&#8217;ll therefore pay less tax and NI every month that you&#8217;re paying off the bike. Meaning that by the end of the scheme you&#8217;ll have saved up to 32% off the actual cost of the bike, as a basic-rate taxpayer and even more for higher-rate taxpayers! <\/p>\n\n\n\n<p>There\u2019s a financial benefit for your employer too. They end up paying less employer national insurance contribution.<\/p>\n\n\n\n<p>So your employer gets monthly instalments from you for the bike, saves 13% in the process and gets a healthier, happier more productive staff member who doesn\u2019t need a parking space!<\/p>\n\n\n\n<p>Check out some of the FAQs from two of the main providers below, if you would like to know more. <\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link no-border-radius\" href=\"https:\/\/www.cycle2work.info\/Employees\/FAQs\" target=\"_blank\" rel=\"noreferrer noopener\">Cycle2Work<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link no-border-radius\" href=\"https:\/\/www.cyclescheme.co.uk\/get-a-bike\/how-it-works\" target=\"_blank\" rel=\"noreferrer noopener\">Cyclescheme<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Or, if you&#8217;re an employer that would like advice on setting up a Cycle to Work Scheme, check out the helpful guide below.<\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link no-border-radius\" href=\"http:\/\/www.thecommute.uk\/cycle-to-work-scheme\/\" target=\"_blank\" rel=\"noreferrer noopener\">employers guide to The Cycle to WOrk scheme<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re considering making the switch to a pedal-powered commute or would like to upgrade your current commuting bike then it&#8217;s worth checking if your employer is part of a Cycle to Work scheme with a provider such as Cyclescheme or Halfords Cycle2Work. A Cycle to Work scheme allows you to save money on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159],"tags":[],"class_list":["post-2001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-active-travel-offers"],"_links":{"self":[{"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2001"}],"version-history":[{"count":0,"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=\/wp\/v2\/media\/758"}],"wp:attachment":[{"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kingedwinpark-travel.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}