Cycle Scheme - Tax Code Query

[Maty]

So having dug out the old GIANT 2 weeks ago in a bid to get fit I have found that my love of MTB'ing has come flooding back (like I was 12 again). Rather than throwing money at my 12 year old bike I have signed my company up to the C2W scheme and am just in the process of looking at bikes.

However we have had confirmation that we are now part of the scheme, but when I fill the quote in it says it is based on a tax code of 647L, my tax code is more than this (because of company car etc), so mine is 243 something or other, how much would this affect the monthly payments on a total loan value of £600. You can't alter this parameter on the website.

I am looking at getting a bike (possibly CUBE Attention) for around £500 then spending £100 on helmet, jacket etc.

Anyone in the know that could help that would be much appreciated.

[mackie1]

A question for your accounts/payroll bod isn't it?

[Maty]

Well yes but were only a small company, just me and my brother, he does the accounts but he's not sure either so just wondered if anyone had any idea before I go putting my order in.

[pdV6]

afaik it shouldn't affect it, 'cos the whole idea is that you pay via salary sacrifice, i.e. pre-tax.

Best contact your scheme supplier for technical details.