Cyclescheme

peanut1978
Posts: 1,031
do most employers allow a second cyclescheme?
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If you mean can you run the scheme in successive years then yep, but you can't run 2 schemes simultaneously.
I know folk who have tried to get 2 bikes for a grand and they weren't having that either, anyone else tried that one?
J :?Moda Issimo
Genesis Volare 853
Charge Filter Apex0 -
my previous cyclescheme ended in May, and I am trying to get another one to get a single speed for winter
Cheers
J0 -
Every 18 months is the rule at our place. I have bought 2 bikes on the scheme.0
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mcj78 wrote:If you mean can you run the scheme in successive years then yep, but you can't run 2 schemes simultaneously.
I know folk who have tried to get 2 bikes for a grand and they weren't having that either, anyone else tried that one?
J :?0 -
From the HMRC DoT Implementation Guidelines:There is no limit on the total value of the equipment including the cycle. It is possible to loan two cycles to one employee if, for example, that employee needed a cycle at either end of a train journey between their home and place of work. (However, please see Section 9.1 where the Office of Fair Trading (OFT) has advised that the group consumer credit licence will cover schemes up to a value of £1,000).0
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I have 2 bikes on the scheme now, I only needed for the previous loan to end, I can get a 3rd in September - can't decide what next . . .0
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yes
as soon as one is closed out you can do a second - regrettably you have to be in the UK!
however I exported my new bike and claimed the VAT - which was more than the cycle scheme contribution anywayhttp://veloviewer.com/SigImage.php?a=3370a&r=3&c=5&u=M&g=p&f=abcdefghij&z=a.png
Wiliers: Cento Uno/Superleggera R and Zero 7. Bianchi Infinito CV and Oltre XR20 -
I wonder how much longer the scheme will be running giving the current climate of cuts??.
"Let not the sands of time get in your lunch"
National Lampoon0 -
Macondo01 wrote:I wonder how much longer the scheme will be running giving the current climate of cuts??
The VAT rise will mean the saving you gain will be even better than before though0 -
I just wish my place was in it, they won't even entertain going in :evil:0
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Does George-O even know about the cycle to work scheme?
Shhh!
Good point about VAT..
"Let not the sands of time get in your lunch"
National Lampoon0 -
thistle (MBNW) wrote:Macondo01 wrote:I wonder how much longer the scheme will be running giving the current climate of cuts??
The VAT rise will mean the saving you gain will be even better than before though
Dare I mention that public sector workers don't get to claim the VAT bit back. What I think will kill cyclescheme is the public sector bodies are going to have to cut back on admin - and this would an easy target.0 -
i'm on my third cyclescheme bike, not sure that i can fit another one in the house when it runs out! the wife might
i hate to burst the vat-joy bubble but the cost of the bike could increase with the vat too, so i would guess that the bike spec will be less for the money. i'd be interested to see if the bikes that are positioned at the £1000 cyclescheme mark absorb that 2.5% so they are still available, or trim the spec to keep under, or add the money on and go over.0