So, am i hearing this correctly? Work pays for you to get a bike? Or do you simply get discount or money off the total? Sounds sweet either way.
You get a voucher from the Cycle to Work scheme for an amount up to about £1100 then your repayments are taken out of your wages over a 12 month period before Tax and NI are paid so basically your saving is the amount of Tax and NI that you would have paid on that amount.
You get a voucher from the Cycle to Work scheme for an amount up to about £1100 then your repayments are taken out of your wages over a 12 month period before Tax and NI are paid so basically your saving is the amount of Tax and NI that you would have paid on that amount.