A Tax Free Bike

You could get a new bike tax free at up to 50% off the recommended retail price (your saving will depend on your personal level of taxation). The Government's Green Transport Plan allows you to lease a bike off your employer, exempt of Income Tax, National Insurance and VAT. You get to have fun cycling to work and get fitter in the process.

At a glance: the benefits

You can save up to 50% on SRP depending on your tax band
Payments are taken from your wages before taxYou'll be paying no VAT, National Insurance or Income Tax
The bike package can include associated safety equipment like lights, locks and bike clothing
There is no restriction on company size or bike brand

For Example:

Here's how it could work if you bought a bike and accessories package worth £500

Retail Price including VAT	£500.00
VAT Saving	£74.47
Price	£425.53
Repayment Period	12 months
Gross Monthly Salary Sacrifice	£35.46
Income Tax Saving	£7.80
National Insurance Saving	£3.90
Net Monthly Salary Sacrifice	£23.76
Net Cost of Bike	£285.13
Fair Market Value Payment	£25.00
Total Cost of Bike	£310.13
Total Saving	£189.87

These figures are an illustration only, actual savings will depend on personal taxation.

For further details, please contact us 01643 704077 or mailbox@pompyscycles.co.uk

OnYourBike www.onyourbike.gb.com

CYCLESCHEME