[Closed] Cycle to work and childcare vouchers

yes

That was quick 🙂

Thanks

Geoffj is correct!

I do both at the moment. Two unrelated schemes on offer to save a bit of tax.

Limit is £243.00 per month on the Childcare voucher thing though.

I do the £243 childcare now and the tax expert 😕 i work with told me you can only do one.

I do both as well.

Yep, I do both.

IIRC if your company is operating a cycle to work scheme then it HAS to be offered to all employees.

http://www.thetaxguide.co.uk/what-cycle-work-scheme-how-taxed.html

Limit is £243 per month on the Childcare voucher

This is dependant upon your tax bracket. But as above yes you can do both.

Our company had a policy that you couldn't drop your salary below a certain level, something asking the lines of dropping below minimum wage.

I've done a, slightly contradictory, cycle to work scheme and salary sacrafice season ticket loan at the same time with no bother.

Had both in place for years, no problem for me and it has never been mentioned that you can't do both at the same time.

Our fourth child is called Solaris and the child care vouchers go to nanny Cyclewise.......
or so 'her indoors' reckons.

No problem doing both. I do. The only thing is that as it is a salary sacrifice scheme your salary has to remain above the minimum wage. With the childcare vouchers you can't claim the full £243 if a higher rate taxpayer (so the 'saving' is the same for all) unless you were already in the scheme before April 2011. This isn't the case with the cycle to work.

Ace, helpful, replies.

I have a Orange Crush and Alpine 160 plus use of my wife`s Whyte 46 so looking for a skinny wheeled tarmac bike.

Can anybody recommend any sub £1k bikes from Evans?