Ride2Work

[Bean]

Has anyone taken up this offer through their employers?

Cheap new bike

Basically, your company buys a bike VAT free then arranges for monthly payments to be taken out your salary before deductions to pay for it.

i.e. Bike costing £1175

Company buys it for £1000 then takes 12 monthly (pre income tax and national insurance) payments from your salary. Assuming you pay the higher rate of income tax, you'd end up affectively getting a bike half price.

Limit of £1000 otherwise your company will need a license.

[The Irv]

I done it last year

Got me a new Specialized for a little over half price.

Work rolled it out across the company and provided showers and changing rooms in each office as part of their attempt to make the company greener and staff a bit healthier. I lost two stone cycling to work....then i got the Westie and for some reason the weightloss ground to halt hehe

Steve

[Bean]

I'm looking at bikes now, reading forums and magazines.

Got a friend who races semi-pro, she's gonna give me some advice and come shopping me.

Don't suppose you got any opinion of the Felt range? Been looking at them and specialized.

[daverobs]

How will the payback through the salary affect any pension contributions?  Anybody know?

Dave

[Bazzer]

Can't you fund you pension with 100% of salary now ? So unless you are doing it it won't be a problem !!!

Cheers

Bazzer

[Bluerallye]

I'm looking at bikes now, reading forums and magazines.

Got a friend who races semi-pro, she's gonna give me some advice and come shopping me.

Don't suppose you got any opinion of the Felt range? Been looking at them and specialized.

Road bike or MTB?

I can help with the road bike side of things but i haven't raced MTBs for over 5 years now so am a bit out of touch there.

I moved over to road bike racing as there is a far more comprehensive choice of drugs to take....it's fantastic!  

[The Irv]

QUOTE

How will the payback through the salary affect any pension contributions?  Anybody know?

Dont know how much it affects it by but iirc there is a bit of a wooly disclaimer in the contract you have to sign saying it could affect your pension when you retire

[daverobs]

Yeah I vaguely remember that it is a "salary sacrifice" and can affect your pension.

But a great incentive to get on a bike and get fit.

Dave

[windy]

Yeah I vaguely remember that it is a "salary sacrifice" and can affect your pension.

But a great incentive to get on a bike and get fit.

Dave

Yes in theory it is a good idea but I'm always conscious it just takes one muppet in their car to end a life.

there are too many traffic islands, potholed roads, dangerous junctions & too many cars on my way to work to be safe I reckon.

[Bean]

I have no plans to ride to work and there's no clause saying you have too.

It's over 25 miles to my work place, screw that.

Purely recreational use.

[langy]

Damn that 90 mile commute

[Bazzer]

Damn that 90 mile commute

You could always use the bike for riding to the station  

Bazzer

[Neil Purdie]

I have no plans to ride to work and there's no clause saying you have too.

It's over 25 miles to my work place, screw that.

Purely recreational use.

Did you read the info here

I'm guessing you forgot about the small print in section 4  

[langy]

Damn that 90 mile commute

You could always use the bike for riding to the station  

Bazzer

Just out of interest i've taken a look on how long it would take me to travel to work via train and it's between 3 to 3.5 hours each way   .

Perhaps it would be quicker to cycle