Did you know that you can by a bicycle and save up to 50% off the retail price?
If your employer completes a few basic forms, you can enroll in the Ride2Work scheme that allows for regular payroll reductions to be made towards the purchase of a bicycle. Typical monthly payments are spread over 12 months. The retail purchase price of the bicycle is then repaid pre-tax. The amount deducted is not charged NI or Income Tax. Thus, at the basic 20% tax rate, you can save 30+% on the purchase of your bicycle. Add in VAT savings and you save more!

If you want to learn more, you can contact TopSource. We know all about the scheme and can manage the payroll deductions for you.