Save up to 55%* WITH Condor Cycles thanks to the GOVERNMENT'S Green Transport Plan.
The Cycle to Work Scheme is a Government legislation that allows you to save up to 55%* on a bicycle and safety equipment. It's easy for employers to join a Cycle to Work Scheme. Condor Cycles participate in a number of popular Cycle to Work schemes, saving you money on both your bike and your commute to work.
Think it sounds too good to be true? We promise you it isn’t!
As part of the Government’s Green Transport Plan, employers are able to provide cycles and safety equipment to employees as a tax-free benefit.
Technically speaking, this means employees hire bicycles from their employer, and can buy them at the end of the salary sacrifice period at fair market value.
The employer buys the bike and safety accessories at full retail price, including VAT, which can be reclaimed in the normal way, if applicable. The balance is recovered from a reduction in the employee’s gross salary, and employers also benefit from National Insurance contribution savings.
The net result? You make a saving when purchasing through the scheme!
*Actual savings depend on the financial circumstances and you and your employer.