Cycling is good for health and fitness; it’s beneficial to the environment and is a quick, cheap mode of transport in urban areas.
The Staff Cycle to Work Scheme offers employees the opportunity to purchase a brand new bike and accessories from a range of participating local stores at a discounted rate. You will also save on Income Tax and National Insurance contributions, against the cost of the bike, and can even spread the cost over a 12 or 18 month period.
In order to qualify, you must use the bike for at least 50% of your journeys to and from work. To find out if you are eligible visit the staff finance page.
The cycle scheme provided by www.cyclescheme.co.uk means the purchase hire value has been extended above the previous £1,000 limit. This change in scheme enables employees to continue enjoying the benefits of a cycle to work scheme arrangement with the opportunity to hire a bicycle plus relevant safety equipment up to the value of £3,000 as a tax-free benefit, through a salary sacrifice arrangement; employees take a reduced gross salary during the hire period thus making savings by paying reduced income tax and national insurance contributions.
Some common FAQ’s can be found on the Employee answers – Cyclescheme Knowledge Base
Please also remember if you are cycling to, from, or around the campus be bright and be seen. Make sure you are visible to motorists. For more information, hints and tips check out the roadwise website.
