CYCLE TO WORK SCHEME
We accept ALL Cycle To Work Schemes! Please contact us via Livechat, Phones or email: Info@electricrider.co.uk to arrange!
Employer or Employee Looking For a C2W Scheme?
Click here to register & arrange instantly: https://greencommuteinitiative.uk/instant-quotes/
What is it?
In a nut shell: The employer buys the bike for the employee, the employer claims back the VAT and then your employees pay you back out of gross pay rather then net pay, so they benefit at no loss to yourself. The below link shows you how to account for this:
Click Here For The Department For Transport Website
All we need to do is invoice the employer, we deliver the bike and the employee starts paying the employer back each month.
If you're wanting to purchase our bikes through these schemes please follow the steps below. If you didn’t see the scheme advertised here please contact us and we will quickly join so you can purchase our products.
How much will I save?
How it works
- You visit our website to select the bike and equipment that you want. Then please request a quote from us by livechat, email or phone (please note on some sales items there may be small surcharges. Promo Discount Codes cannot be used in conjunction with Scheme Purchases) You will be given a quote, and you provide this to your HR department (or whoever is in charge of the scheme at your work), to pass to the specific scheme.
- Once you have requested a secure voucher or letter of collection, your employer confirms eligibility and approves the request. The scheme will send them an invoice for the bike package, and a hire agreement is sent to you to sign. As soon as the bike is paid for, the secure voucher or letter of collection is sent to you.
- Your hire payments are deducted from your gross monthly salary. At the end of the hire period you pay a Fair Market Value payment to own the bike outright.
- You then contact us with the voucher or letter of collection and we will book you in for delivery
Help your employer help you!
A cycle to work scheme is a great incentive for employees, and companies can save money too - every bike processed through the scheme means an employer's National insurance saving. Everybody wins, and it's time to let your employer know!
Your employer has to be willing to run the scheme before you can get your bike. This is because the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods – in this case a bike and equipment. The scheme is available to UK tax payers who pay PAYE. Please note that the self-employed cannot take part in the scheme.
What Happens At The End of The Scheme?
How to Order
Send a livechat message or email to email@example.com requesting a quote for the products you want to purchase – it's that simple.
To speak to someone about a return, please give us a call on 0333 050 4023