Spring/Summer 2013
ita 50 ed V £7pecializisc S te D Eli
9 9.9 ead 230 4 e £ quir erh S
9 et 9.9 ock ket 6 P £ ra ac
mm Ha
9 4.e9 e XL 8 £ yn riv
j u Alt cket Ro
Lez wer d Po
This is an example of how savings are made for basic and higher rate tax payers on this bike package hired over a 12 month period.
RRP
Cyclescheme Price
£716.29
£620.77
Basic rate taxpayer
Higher rate taxpayer
12 monthly hire payments
£54.12
£46.16
1 End of Hire payments
£66.85
£66.85
25%
35%
£238.68
£334.20
£954.97
Percentage saving
Total saving
Savings will be affected by your personal level of taxation. At the end of the hire period you may be given the option to continue to use the bike by paying a small one off deposit and signing an Extended Use Agreement (EUA) with Cyclescheme. There are no further rental payments during the EUA period. This option will maximise your savings via the scheme (see page 6 for more details).
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