12-10-15, 10:32 PM
Don't forget the benefit of Cycle to Work is the tax break. Your net salary is taxed after the repayment is deducted. So you are saving 20% tax plus 11% (or so) National Insurance on the repayments.
If you just go and buy a bike from a shop, you are paying for it out of taxed income.
If you just go and buy a bike from a shop, you are paying for it out of taxed income.