Tax is complicated; Bikeworx cycle to work isn’t. Bikeworx is an easy way to get a bike for much less than retail price. How? Simple, choose a bike and hire it from your employers for 12 months. They will take the payments directly from your salary before tax, meaning you pay less tax over this 12 month period.
It’s easy to set up, with all the hard administrative work taken care of by our online, time-saving features. JE James Cycles will even assist in training your bike to work administrative team, giving them all the marketing resources they need to help inform and keep employees up to speed with how Bikeworx is processed. Our Bikeworx bike to work scheme is completely processed in-house without the need for third-party finance companies or additional admin charges. So although tax can be complicated, tax savings for both employee and employer, through Bikework, is not!
Employee Benefit Highlights
Save the planet: Bikeworx is a great way for you to help the environment and for your employer to be seen as taking a proactive approach to reducing their carbon footprint.
Health Benefits: Someone who weighs 80kg (12st 9lb) will burn more than 650 calories with an hour’s riding. Cycling burns fat and unlike running it is a low impact exercise and causes less damage on joints.
Huge Selection: Bikeworx is part of JEJames Cycles, one of the largest independent cycle retailers in the UK. All the Bikeworx team are cyclists themselves, so we can offer expert advice to guide you through which type of bike and accessories are best suited to your budget and intended use. With over 20 of the largest brands on the market to choose from, JE James Cycles Bikeworx is the scheme for you.
Oh yes, and did we mention you can save up to 42% on the cost of a new Bike and Accessories?*
Employer Benefit Highlights
NI / PAYE Savings: By the employer purchasing the bike and the employee paying for the loan of the bike through a ‘Salary Sacrifice’ scheme. you the employer saves on your National Insurance contributions, up to 13.8% of the value of all the equipment supplied to the employee.
Environmental image / PR: Employers signing up to the Bikeworx scheme show their commitment to reducing their carbon footprint globally, nationally and locally. This helps raise a company’s profile and can be a great way to generate positive publicity and enhance public perception of commitment to environmental issues.
It’s Free: Sign up to Bikeworx and we will co-ordinate the necessary financial arrangements between employer, staff, HR and payroll.
Over many years and many jobs, I’ve used my bike to get to and from work, long before the word commute became popular. There’s been exceptions but even my first ever job involved a rural bike journey to the local town. In fairness, I must confess to being a keen cyclist from a very young age, so using my bike seemed like the obvious choice.
I have spent almost 5 years commuting to work on my bike now. Over the years I have gone through many bikes, jobs & moved all over. After starting my romance with the road as a way to get to work, it turned to love at first ride. I now couldn’t think of any other way to get to work, and should illness or injury strike, I have to admit, it is frustrating.
Preparation is key. Be ready, have all your gear in one place to reduce the chances of forgetting anything. In the summer make sure your bottles are filled and glasses are in place. In the winter warm your clothes up on the radiator, ESPECIALLY your shoes. You’ll do this once and never forget.