Cycle to work scheme - is it worth it?

[martint235]

Didn't you have to get a quote for a specific bike to get your voucher? I did.

 

[DDE]

No I just had to choose the value of the voucher, up to £1000 I think.

I had a fair idea of the bike I wanted (£450), so chose a £500 voucher.

 

[wiggydiggy]

As a standard rate tax payer you save about 20 - 22% on the bike cost, and it's paid monthly out of your pay, so effectively an interest free loan too. As long as you have no plans to change jobs then it's simple.
Not all companies ask for the asset transfer fee, I have never paid it.

Simplest way to explain it.

I've had two C2W bikes, latest bike I could afford to buy outright saving about the same % so I did so.

 

[Paul99]

No I just had to choose the value of the voucher, up to £1000 I think.

I had a fair idea of the bike I wanted (£450), so chose a £500 voucher.

What bike was you going to get? Let us know and we can go window shopping for you!

 

[DDE]

What bike was you going to get? Let us know and we can go window shopping for you!

I've just made a new thread.

http://www.cyclechat.net/threads/alternatives-to-boardman-road-sport.160328/

Happy for window shopping help!