Page 58

l Hil rry

99 awbe £5 te Str y Wh

.99 ini 9 £12peak Mol

.99 09

£1rtlieb O

To lti To Mu

t 5 ligh et £3b Flashroof Gil dh dfp n Wi

L3 nQ tow n w Do

This is an example of savings for basic and higher rate taxpayers on this bike package

RRP

Cyclescheme Price

£567.74

£492.04

Basic rate taxpayer

Higher rate taxpayer

12 monthly hire payments

£42.89

£36.58

1 End of Hire payment

£52.99

£52.99

25%

35%

£189.24

£264.94

£756.98

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).

58

www.cyclescheme.co.uk

Cycle Commuter #17  
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