[Closed] Cycle Scheme £1000 Full Susser (or maybe £1,200-1,400)

Did you wear out the Pitch when commuting?

Boardman.

I bought my Proflex from Pauls and they are a bit odd on the phone but did get exactly what I wanted really fast. Done through bike to work.

I got the 2010 version of this with Pikes and very nice it is too.
http://www.paulscycles.co.uk/products.php?plid=m1b62s1p2443&tbv=PROFLEX_778_ENDURO_Mountain_Bikes_Full_Suspension

ChunkyMTB -Did you wear out the Pitch when commuting?

Oh yeah everyday to work 😉 but mainly rides in the Lakes have lunched all the bearings, brakes, drive train, tyres etc. But its all good and I really enjoy it I just fancy something lighter and racier.

The Fopster - Boardman.

Not gripped by the Proflex 😯

Slight highjack, but can you say get a bike on cycle scheme that cost £2k ie. Pay the bike shop £1k and put £1k on cycle scheme?

You're not supposed to, but allegedly some bike shops might help you out.

I made up the difference in the shop on top of the £1,000 voucher when I bought my Pitch. You need a willing bike shop and not all are willing. Leisure Lakes in Lancaster wouldn't do it, but smaller independents are more likely to play ball .

Is that it for the Single Track collective wisdom then?

Are you aware of the "changes" (or reinterpretation of cyclescheme)? I'm not sure it's worth doing now.

If you tried that in our scheme you'd be told to Foxtrot Oscar.

I didn't realise anyone still bothered with C2W for anything other than, you know, commuting bikes, after the reinterpretation of the regulations last year.

I bought my Proflex from Pauls

I can't see any Girvins on that Proflex - what's going on???

Although the regs were reinterpreted by HM Treasurey the reponse from cyclescheme for my C2W bike is to offer an extended hire period for a further 3 years. The charge is the same as the final payment and the extension of the hire agreement means for tax purposes you have not received a taxable benefit. And after 4 years the value assessment by the treasury will be considerably lower - as opposed to their 25% plus VAT assessment of value after the first year's hire.

I love the smell of tax avoidance in the morning...

The Chris Boardman bikes look like they are really good value for money, the FS Team is a steal at £999.

Although the regs were reinterpreted by HM Treasurey the reponse from cyclescheme for my C2W bike is to offer an extended hire period for a further 3 years. The charge is the same as the final payment and the extension of the hire agreement means for tax purposes you have not received a taxable benefit. And after 4 years the value assessment by the treasury will be considerably lower - as opposed to their 25% plus VAT assessment of value after the first year's hire.

Given that then, surely your pitch will be your commuting bike for a further 3 years. Why would anyone want more than one commuting bike at one time, so why would one be able to have more than one C2W agreement ongoing at any one time?

You could of course buy your new [u]leisure[/u] bike with real money rather than scamming the tax. Or replace the bearings on the pitch and do a bit of maintanence - bikes are not disposable articles.

Thanks for the guidance on having a conscience. Pure logic is a wonderful thing, so noble. You have to take the opportunites that life gives you. My Pitch is the first new bicycle I've had since I was 11 and its been great. It still is great but there is very little of the original machine left bar the frame, grips, saddle, post and stem.

I cycle to work everyday which is more than most folk who get C2W bikes, perhaps I'm not the target market that the govenment policy aims to assist? But the opportunity is there and I will be getting another bike. However, I am leaning towards a new road bike, perhaps a dropped bar with discs and rack mounts.