URBAN ELECTRO is pleased to announce that we are now official partners with the GCI cycle to work scheme, which can save you up to 47% on the purchase of an E bike.
How does it work?
Cycle to work schemes allows employers to offer employees the use of a bike for commuting in exchange for a salary sacrifice. The salary sacrifice enables the employees to use their gross pay to reimburse the employer for the cost of the bike. The gross pay is before tax, so the employee saves the tax and national insurance which would have been due on the amount sacrificed (32%, 42% or 47%). It also allows employees to spread the cost over monthly pay packets, making the acquisition more affordable.
Employers can typically save 13.8% of the total value of the salary sacrifice, due to the reductions in Employers’ NI contributions. The savings will reduce slightly if the employer has opted to use third party finance or if 30-day terms has been agreed.
More information
No limits
GCI is not restricted by the normal £1,000 limit of other cycle to work schemes. GCI is authorised and regulated by the Financial Conduct Authority.
Commuting heaven
E-bikes are great for commuting as you can cycle in your business clobber and not get all hot and bothered. As a cycle to work salary sacrifice scheme, you could save up to 47% on the price of a bike. And as the industry’s leading scheme, we don’t charge exit fees. How refreshing!
Four weeks’ free bike insurance
We are delighted to have teamed up with Cycleplan to offer our customers’ four weeks’ free bike insurance with no obligation when you collect your bike.
visit www.greencommuteinitiative.com for more information
Visit URBAN ELECTRO, Rushden, Northamptonshire today and save on an electric bike today!
