Can you get an electric bike on the cycle to work scheme?
Cyclescheme lets you get an e-bike for under RRP and spread the cost each month. You can save between 25 – 39% depending on your tax rate, employer and the price of your new e-bike.
How do I apply for the NHS cycle to work scheme?
How do I apply for the Cycle to Work Scheme?
- Ask your NHS hospital’s HR department for their personal link to the Cycle to Work Scheme.
- Visit the bike shop and find the right bike and equipment.
- Enter the details from the form onto the online application form.
- During your application, you will sign a hire agreement.
Do employers have to pay for cycle to work scheme?
Does the scheme cost anything for an Employer to implement? The scheme is free of charge to set up and costs nothing to run. The Employer makes the initial purchase and then leases the bike/equipment to the Employee via a salary sacrifice, until the full amount is recovered.
What bike can I get on the cycle to work scheme?
What bike can I buy? The government scheme does not have a spend limited, allowing you to purchase any bike, including cargo bikes, Brompton electric, road bikes and mountain bikes and you can also add in safety accessories and cycle clothing.
Can I buy an ebike through my company?
You, as the employer, can purchase a bicycle through your Limited Company for the use of an employee. At least 50% of the bicycle’s use should be for work purposes. Ownership of the bike must remain with the company through the loan period.
Does Halfords do NHS discount?
Does Halfords do NHS discount? Yes, through their partnership with Health Service Discounts, Halfords offer NHS staff 7.5% discount on bikes, car, maintenance and more.
Can anyone do cycle to work scheme?
If you are a working adult aged 16 or over, you are eligible to join Cyclescheme. Your employer needs to be signed up and your earnings should be more than the National Minimum Wage after the salary sacrifice is taken from your gross salary.
How Much Does employer pay for cycle to work scheme?
Cycle to Work Scheme for Employers You recover the cost of the bike from the employee using Salary Sacrifice. This means that the employees saves up to half of the retail price of bike and equipment, and your company also makes a saving of 10.75% on Employers’ PRSI contributions.
Can a director use the cycle to work scheme?
Yes, you can take part in cycle to work schemes if you’re a director of a limited company, even if you’re the only employee – assuming you pay yourself a salary through PAYE and you are designated as an employee then your salary simply needs to exceed National Minimum Wage (NMW) after the salary sacrifice is deducted …
How do I apply for the bike to work scheme?
Select the employee you want to start deducting bike to work from. Click Add Deduction, then click the bike to work deduction. Enter the amount you want to deduct off the employee this pay run in the Rate column. Continue processing employee pay, and complete the pay run as normal.
How many people have used the cycle to work scheme?
The cycle to work scheme has seen well over 1,000,000 people across the UK save money on a bike and/or accessories to use when cycling to work. The scheme can feel complex, but in practice it’s easy.
When does cycle to work end at University of Bristol?
From April 2021 no further applications will be accepted to the University’s Cycle to Work scheme via Cycle Solutions. Anyone who signed up via Cycle Solutions before the end of March will continue with their existing hire agreement and salary sacrifice payments. Further information for staff on the previous scheme can be found here .
What can I get with cycle to work?
The cycle to work scheme is awesome as it enables you to get all manner of cycling gear at a significant discount (whilst also spreading the cost). You can get any accessory that keeps your bike wheels turnings, for instance: Safety accessories – that help keep you and your bike safe; helmets, bike lights, reflectors, mirrors, bells, locks…
Do you have to register for cycle to work?
To be able to join the cycle to work scheme your employer does need to register to join Cyclescheme. This is because the employer pays for the bike and / or accessories (in the first instance) and they organise for your monthly payments to come tax-efficiently from your salary. Don’t worry,…