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Participating Suppliers Participating Suppliers

Name Address City/ Town Postcode Tel No.
Velo Cycles 1 Sprowston Road Norwich NR3 4QL 01603424499
R W Freeman 1 Heigham Street Norwich NR2 4TE 01603626602
Mandarin Cycles

23 Earlham West Ctr. and 1 Penn Grove

Norwich NR5 8AD

01603452224 or 01603418999

Borwell Cycles 108 Spencer Street Norwich NR3 4PF 01603787736
Howard Cycles 63 Back Lane Wymondham NR18 0LB 01953607127
Pauls Cycles Unit A, Yaxham Road Dereham NR19 1HB 01362696276 or 01362690958
Leisure Cycles 12 Chalfont Walk, Eaton Norwich NR4 7NH 01603455111
Soren Cycles 17 Drayton Wood Rd. Norwich NR6 5BY 01603400764
Madgetts Cycles 8 Shelfanger Road Diss IP22 4EH 01379650419
Costessey Cycle Centre 47 Three Mile Lane Costessey, Norwich NR5 0RR 01603743363
Pedal Revolution 63-67 Bethel Street Norwich NR2 1NR 01603614400
Lifecycle UK 108 High Street Bildeston, Suffolk IP7 7EB 0144974467
Electrifying Cycles 4 Old Station Yard Norwich Road Cromer NR27 0HF 01263 513631
Cycles UK 15 London Street Norwich NR2 1JE 01603 624253

Eligible Equipment Eligible Equipment

Eligible equipment includes cycles and cyclists' safety equipment.  The tax exemption defines a "cycle" as 'a bicycle, a tricycle, or a cycle having four or more wheels, not being in any case a motor vehicle' (192(1) of the Road Traffic Act 1988 (c.52)).  An electrically assisted pedal cycle can be included under the scheme.

Cyclists' safety equipment is not similarly defined in the legislation and a common sense approach should be taken to the equipment provided.

This could include:

  • Cycle helmets which conform to European standard EN 1078
  • Bells and bulb horns
  • Lights, including dynamo packs
  • Mirrors and mudguards to ensure riders visibility is not impaired
  • Cycle clips and dress guards
  • Panniers, luggage carriers and straps to allow luggage to be safely carried
  • Locks and chains to ensure cycle can be safely secured
  • Pumps, puncture repair kits, cycle tool kits and tye sealant to allow for minor repairs
  • Reflective clothing along with white front reflectors and spoke reflectors

Not Eligible:

  • Cycle computers
  • Waterproof clothing that is not reflective clothing
  • Cycle Training

Further Examples Further Examples

Example 1: Employee pays 40% tax and contributes into pension scheme

If your monthly salary is £4340.50 and your tax code is 1060L, you pay 40% tax and you're a member of  USS PensionExtra, (or PensEx UEASSS) then should you purchase a cycle and cyclist's safety equipment with a shop price including VAT of £1000.00, you will sacrifice £62.50 per month for 12 months.

  Monthly Salary C2W USS FSB Pensions Gross Pay Tax Paid NI C/O Net Pay Net Saving Net Cost Yearly Net Amount
Before £4340.50   £325.54 £4014.96 £722.25 £312.95 £2979.76      
After £4340.50 £62.50 £325.54 £3952.46 £697.45 £311.70 £2943.31 £26.05 £36.45 £437.40

At the end of the loan period, the cycle's market value as per HMRC will be £250.00.  If you purchase the cycle for £250 then the total cost - in net pay terms - will be £687.40 an estimated saving of £312.60.

Example 2: Employee pays 20% tax and is not in a pension scheme

If your monthly salary is £1,500.00, your tax code 1060L, you pay 20% tax and then should you purchase a cycle and cyclist's safety equipment with a shop price including VAT of £300.00, you will sacrifice £20.50 per month for 12 months.

  Monthly Salary C2W Gross Pay Tax Paid NI C/O Net Pay Net Saving Net Cost Yearly Net Amount
Before £1500.00   £1500.00 £123.00 £99.36 £1277.64      
After £1500.00 £20.50 £1479.50 £119.00 £96.90 £1263.60 £9.52 £21.73 £260.76

At the end of the loan period, the cycle's market value as per HMRC will be £54.00.  If you purchase the cycle for £54.00 then the total cost - in net pay terms - will be £222.48 an estimated saving of £77.52.

Example 3: Employee pays 20% tax and contributes into pension scheme

If your monthly salary is £1,513.75 and your tax code is 1060L, you pay 20% tax and you're a member of  USS Care PensionExtra, then should you purchase a cycle and cyclist's safety equipment with a shop price including VAT of £500.00, you will sacrifice £31.25 per month for 12 months.

  Monthly Salary C2W PensEX CRB Gross Pay Tax Paid NI C/O Net Pay Net Saving Net Cost Yearly Net Amount
Before £1513.75   £98.39 £1415.36 £106.20 £76.20 £1232.96      
After £1513.75 £31.25 £98.39 £1384.11 £100.00 £72.88 £1211.23 £9.52 £21.73 £260.76

At the end of the loan period, the cycle's market value as per HMRC will be £125.00.  If you purchase the cycle for £125.00 then the total cost - in net pay terms - will be £385.76 an estimated saving of £114.24.

Please note that the C2W Salary Sacrifice cannot reduce your pay below the National Minimum Wage and you are advised not to go below the level that National Insurance contributions are deducted from your pay as you could lose entitlement to some state benefits.  If you have any concerns please discuss with a member of the payroll office.