Employees
Employees - Get your company on board!
Axis Leasing is working with Cyclescheme, the UK’s number one provider of tax free bikes for work supplied through independent bike shops. We are very pleased to help you with information on one of the best government tax breaks so far. Our frequently asked questions should cover most queries on the general running of the scheme. We also have a full information pack to give to your employer when they contact us on your behalf. Your employer has to be willing to run the scheme before you can get your bike. This is because the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the hire of goods – in this case a bike and equipment. The scheme is available to UK tax payers who pay PAYE. Please note that the self-employed cannot take part in the scheme
The good news: once your employer is on board we help them administer the scheme and you should be on two shiny new wheels before you can say “where are my cycle clips?”.
In a nutshell…………..
· Income tax, VAT and national insurance contributions savings can add up to
50% off the shop floor price of the bike and accessories
· Choose from the widest range of bicycles in the UK via specialist bike shops.
· Cheaper than petrol!!
· Enjoy the health benefits of commuting to work (in other words, feel smug at
the water cooler)
· Make your salary go further each month
· Improve your “green credentials”
Contact us for information or to register for a scheme cycles@axisleasing.com
