Buy Electric Bikes Online via eBike To Work Scheme
Save between 32 & 42%
" Cycling is a big part of the future. It has to be. There's something wrong with a society that drives a car to workout in a gym " - Bill
Using the eBike To Work Scheme you can save on the full ammount of the bike, including any additional accessories or safety equipment you select. Anyone 18 or over, who is in UK employment, who's employer agrees to participate in the scheme can apply.
The below shows an example of the saving on a £3667 bike with accessories, based on a higher rate tax payer.
Bike Cost £3299
Accessory Cost £299
Helmet (Safety Equipment) £69
Total Cost = £3667
42% Saving = £1540.14
Cost Per Month = £177.24
Total Overall Cost = £2126.86
Save Now In 3 Easy Steps
We make it easy for you to process orders via our eBike To Work platform. Our team will take care of any paperwork, build, prepare and deliver your new electric bike. This can normally be done within a few days (depending on your employer). Simply follow these 3 steps:
Our qualified eBike technicians will fully build and setup your new electric bike ahead of carefully boxing it with any accessories you may have added. You will receive tracking direct from our couriers on dispatch so you can see when to expect your delivery.
Just fill in the details below & we'll be in touch with you and your employer. We'll set up the scheme and handle all the paperwork.
Frequently asked questions
What is it?
e-biketowork is our exclusive cycle to work scheme only available for purchases from e-bikeshop.co.uk.
What's it all about?
e-biketowork enables both employees and employers to take advantage of tax exemptions to promote healthier journeys to work and to reduce environmental pollution.
Anyone 18 or over who is in UK PAYE employment as long as their employer agrees to participate in the scheme.
How does it work?
The bike is purchased by the employer and the employee enters into a 'salary sacrifice' arrangement with the employer whereby they hire the bike from the employer over a period of twelve months. The employer reduces the employee's gross salary by the amount of the hire charges saving the employee both tax & National Insurance. The employer saves on their National Insurance bill too.
What are the tax exemptions?
Standard rate taxpayers will normally save 32% on the cost of the bike & higher rate taxpayers 42%. In addition employers will generally save 13.8% employer's National Insurance Contributions.
As an example, on a £3,000 bike the employee's gross salary is reduced by £250 per month. As this is a reduction in the gross salary the net amount equates to just £170 per month for a basic rate taxpayer or £145 for a higher rate taxpayer. The net cost over a twelve month period is therefore £2,040 (standard rate) or £1,740 (higher rate). This means a saving of £960 (standard rate) or £1,260 (higher rate). In addition the employer saves £414 in employer's National Insurance Contributions.
What happens at the end of the end of the twelve months?
At the end of the initial hire period the employee may simply hand the bike back. Alternatively the employer may transfer the bike to the employee or enter into a secondary rental agreement.
Do I have to cycle to work every day?
No! You are free to decide whether to use the bike to cycle to work on any given day. All HMRC rules stipulate is that the majority of journeys using the bike are for cycling to and from work. Neither employers nor employees are expected to keep detailed records of the use of the bike.
What if the bike is lost or stolen?
The employee is responsible for the maintenance and safekeeping of the bike and under the agreement the employee must continue to make the hire payments for the full twelve month period. It is therefore recommended that the employee takes out their own insurance.
What happens if I leave employment still in the hire period?
The agreement stipulates that you have to make the remaining payments outstanding under the agreement at the time the employment ends. These payments will be for the full amount of the outstanding rentals & won't enjoy the tax benefits.
Are there any limits?
There are no limits to the cost of the electric bike together with related safety equipment that can be purchased under the scheme. Under HMRC rules some accessories can't be purchased under the scheme however they can be purchased separately by the employee an fitted to the electric bike.