Quote:
Originally Posted by HarryB
I hate to butt in on a conversation but just to say that as a person who is just into the 40% tax bracket I would never consider myself a rich person. Yes the 40% used to be only for the rich but not any more. Maybe it is bringing up a family in London but £400 would mean a hell of a lot to me at the moment. I would definitely use for the cycle to work scheme when it is time to replace my Torq (if only my employer would sign up!).
Good luck selling the Torq on ebay. If it is any consolation the last e-bike I sold that way did very well - far exceeding my expectations.
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You're not butting in - this is a Forum.
I am a pensioner whose tax affairs (why the hell am I exposing myself here?

) are ship shape and, for want of Income, miles away from the Higher rate Bands. Of course I pay no NIC - that helps. No Mortgage, no Bank Loans, no dependant children. AND my wife's pension is taxed as a separate issue.
Bringing up a family in London must be a nightmare of rising costs and I can see how £400 would make a difference to you. The never-never might just help a little. So it's no use me saying my good-as-new Torq with its valuable modifications is cheaper than a new one even thru' the C to Work scheme if you are a higher rate tax payer. This C to W Cycle scheme could be like the monkey and the nut: grab the nut and you can't get your hand back thru the bars. (The deal is so attractive one cannot afford not to do it and the longer one waits the sooner it must come?). But if you've got a Torq you have no worries for many, many years:
eZee Torq electric bicycle - winner of the first electric bike race from 50cycles
I did anticipate that employers might just be a little reluctant to take on this hassle: In the short term, a cyclist keen to get into the scheme will be frustrated by the waiting time. I thought my Torq at the asking price was too good an opportunity for a Std rate taxpayer to pass up.
Summer is a marching on!
Nice to have your opinion.
Peter