Learn More about this Scheme
Cycle2Work scheme has been initiated by UK Government under its Government Green Transport Plan whose objective is to keep the environment and air clean and healthy. Under this scheme, the Government is providing great tax savings on bikes and other cycle accessories which can be availed from the local cycle retail stores as there are over 1700 retail bike shops in the UK, who are providing these benefits under the Cycle2Work scheme.
In order to get the benefits of Cycle2Work scheme, it is important that the minimum age should be 16 years and the person must be a UK tax payer via the PAYE system.
Age
The scheme is available for all employees you are UK tax payers but not to the directors or to those employees who are hired on an incentive basis scheme. The detailed information about the terms are mentioned on the website which you can go through and check your eligibility when applying for Cycle2Work Scheme.
NO, there are no credit-checks involved in order to apply under this scheme, you simply need to a UK permanent resident and must be a taxpayer via the PAYE system with over 16 years of age.
No Credit-Checks Involved
Employer registers via the website and submit his/her bike2work PIN which they normally provide to staff. After the pin is submitted employer would need to go one of the registered bicycle store to choose the product and a written quotation. The Employer can than login to our website and submit their quotation, after this is submitted, they will receive an email confirmation if their quote has been approved/declined. If the application is approved, they will be able to download the invoice and agreement so this could be signed by both the parties. The vouchers are issues the very same day. Both employer and employee will be notified that the payment has been received and the vouchers have been issues for the same.
For more information, visit your one of the most trusted bicycle shops London.