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Save tax and cycle

March 18th, 2011

Not many people know that there’s CyclePlus, a government scheme for people to buy new bikes at a discount and pay through monthly salary deductions and there’s no tax or NI to pay either – this means you can save up to 40% on the overall price of a bicycle. A great tax saving idea for employees and employers. www.salary-plus.co.uk/sites/EntryPages/HSE/cycle-plus/.

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