Through Cycle2Work, you will save between 32% and 42% through tax and national insurance and the cost will simply be deducted from your payslip. You’ll also get loads of free extras, discounts and benefits on Cycle2Work which you would not get on Interest Free Finance! For example, a bike costing £1000 could cost as little as £56.60 a month over 12 months on Cycle2Work - compared to £83.33 through Interest Free Finance.
Residents of Jersey or Guernsey are required to pay a Goods Service Tax at 5% on all goods over the value of £240.