Learn about BT Bike to Work Scheme, including a description from the employer, and comments and ratings provided anonymously by current and former BT employees.
"If you have benefited from tax and national insurance savings you are still likely to be liable for your ownership payment. Tricycles and other cycles are covered too.• Your salary sacrifice repayments will begin on your next payday.No, I’ve used clipless pedals a few times but I don’t really get on with them. However, because you should never pay more than the RRP for the bike we may be able to waive the ownership payment if fewer than one month's worth of salary deductions have been taken for certificates under the value of £500, or if fewer than three months of salary deductions have been taken for certificates equal to, or over the value of, £500 have been taken before you leave employment. These must be made from your net pay rather than your gross pay.The good news is that getting a bike through a Cycle to Work scheme is much simpler than you might think. Save up to €1,000 on bikes and accessories. This is such a shame that such a great event might well end. You might well be able to join them. If you want to keep them – and you probably will – you'll usually have the option of paying an ownership fee at the end of this period. All Rights Reserved. Sorry, this product is unavailable. We spoke to her about how it's going.Cycle to Work is a 'salary sacrifice' benefit. Contact us for more information or visit our shop today! I keep meaning to get cycle overshoes but instead I have a dry pair of shoes and my uniform at work, and hope my grotty cycle trainers dry out enough for the return journey. According to the rules and regs, the final fee will be the 'fair market value' of the used bike and/or accessories – a fraction of the original price.• Select your bike and/or accessories from a participating retailer and obtain a quote.You can also get cyclists' safety equipment. Your income tax and national insurance are based on the lower figure, so the amount you pay is less.https://www.youtube.com/watch?v=kHK6vSnIBycProbably my Altura cycling jacket — that is easily my most useful bit of kit with our weather. You sacrifice part of your salary, temporarily lowering your income slightly. The Cycle to Work Scheme is a tax incentive scheme which aims to encourage employees to cycle to and from work. He has won his category in Ironman UK 70.3 and finished on the podium in both marathons he has run. The exemption was one of a series of measures introduced under the Government's Green Transport Plan. I feel like you REALLY have..."If you are on a 12-month scheme and have had four salary sacrifice repayments taken from gross salary prior to leaving employment, the remaining eight should be taken from your final net salary," says Cyclescheme.Outstanding payments will be taken from your final salary. I don’t do upper-body workouts, but the strength you get from load bearing and pushing and pulling on the handlebars has an effect.There will be wobbles and setbacks, so be brave and stick at it. "Or, you could have just written "ignorant people", and not brought weight, age, race and sex into it at all, most of which I think actually fit the...If Jane earns £55,000 a year and gets the same bike, helmet and accessories, she'll end up paying £650 all in; a 35% saving. This means that the employees saves between 31% – 51% (depending on tax rate) of the retail price of bike and equipment but your company also makes a saving of 10.75%.Find out more about our Cycle to Work scheme and how you could have a brilliant new bike for much less than you might have thought!Using the Cycle to Work scheme, your company can purchase a brand new bike and safety equipment worth up to €1,000 Tax Free, for your employees.© Copyright 2020. Get Involved With The Bike2Work Scheme & Find Out About Your Employee Benefits. I think for cycle commuting they’re not that useful because you’re stop-starting so often. Even when you are riding at the speed limit....I too am obviously going to recommend panniers...however......• Ask your employer for a voucher to cover the cost, and salary sacrifice details.You enter a Cycle to Work scheme through your employer. Cycle to Work FAQs How does the Cycle to Work scheme work? OUR PARTNER BIKE SHOPS. Also, on some of those hills, I just didn’t have the fitness and the strength so there were a couple of times that I literally keeled over sideways because I couldn’t go fast enough to maintain my balance! Tax can be complicated; the Cycle to Work scheme is not. • Find out whether your employer is registered with a Cycle to Work scheme provider. Now, though, she’s a committed commuter come rain or shine — which in Glasgow, more often than not means rain.