WorkRide Scheme for Electric Scooters & Ebikes

Use Pre-Tax Payments to Save 32-63% on Your Purchase !!

Instead of paying tax, and then buying a ride with what's left, we help you remove the tax step altogether meaning a lower cost to you!

 

Check out our Collection of WorkRide Suitable Rides 

 

 

 

 

How do the Tax Savings Work?

By choosing a new ride through Workride, you're essentially swapping out taxed income for a new ride. The cost of the ride is taken from your pre-tax salary, which lowers your taxable income.

With a lower taxable income, you pay less in income tax (PAYE) and ACC Levy, creating tax savings for you.

 

How is the WorkRide Offset Calculated?

The "Workride Offset" breaks down into two main components: tax savings and the smart use of your income. When you join the Workride scheme, you sacrifice a portion of your pre-tax salary for your chosen ride.

This action reduces your taxable income, so you end up paying less tax overall. Furthermore, a portion of the money that used to go towards other commitments, like KiwiSaver or student loans, is now assisting in covering the cost of your ride.

Together, these factors create a sensation of getting a significant discount on your ride's retail price, making the whole process feel much lighter on your wallet. This combined benefit is what we term the Workride Cost Offset.

 

What is the Quoted Ride Price?

The 'Quoted Ride Price' is the amount Workride pays for your chosen ride from our retail partners like Storm Rides, key to initiating your lease.

 

What Does Annual Income Include?

The term 'Annual Income' refers to the sum of all earnings an individual receives over a year from various sources. This comprehensive total includes wages from primary and secondary employment, as well as any other sources of taxable income reported to the Inland Revenue.