Get up to 50% off on your Hybrid E-Bike

It’s a salary-sacrifice employee benefit, meaning you agree to give up part of your pre-tax salary in exchange for cycling equipment from your employer. Essentially, your employer buys the bike, and you hire it. The loan period is 12 months & is interest free.

The savings come from the pre-tax part. Since the payment is made before tax deductions, you don’t pay tax on that portion of your salary, saving you money on income tax. Your savings depend on your tax bracket and the cost of the bike.

Once your employer approves your application they pay for the Hybrid E-Bike. You then receive a notice to collect the Hybrid E-Bike from the closest Hybrid Bike retail partner, located all throughout NZ.

You repay your employer through monthly installments, automatically deducted from your salary during the agreed hire period. The monthly amount depends on the loan’s total value.
Employees agree to a 12-month salary reduction for the temporary lease of the equipment and the chance to own it at the end of the lease period. The key condition is that the benefit must be mainly for commuting between home and work, allowing some private use without losing the exemption. For example, you can use a commuting bike for leisure on weekends or for shopping.

To promote environmentally friendly transportation, the New Zealand government has introduced tax exemptions for electric bikes and scooters. These exemptions make electric bikes more affordable, encouraging more people to switch from cars to these greener options.

Employer e-bike purchase support schemes also help by negotiating discounts with e-bike suppliers and providing wage advances or loans to staff, repaid through salary deductions. E-bikes offer a healthier, quicker, cheaper, and lower carbon transport option.

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