C2W help

u05harrisb
u05harrisb Posts: 531
edited July 2011 in Road buying advice
im 17 going 18 in october and am in full time education doing A levels and have a part tiem saturday job paid cash in hand. am i able to get a bike on the cycle to work scheme? or mabye if the boss is willing get him to do it would there be any implecations?

thanks
Ben

Comments

  • BG2000
    BG2000 Posts: 517
    I doubt it - your employer probably needs to pay you via a PAYE system, such that the 12 monthly payments are taken before you pay tax on your salary.

    It would also help if you were going to be employed at the same place over these 12 months.

    If you're really short on cash, want a bike but have a reasonably steady income, then look for a finance option at a bike shop, where you pay them monthly. At least you can choose a bike that's in the sale, which you usually can't do through a C2W scheme.

    Oh, as a last bit of advice, if you're buying a bike for more than £500, don't bother at all with C2W as you'll hardly save a penny over all.

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