Cycle to work scheme
We subscribe to the Cyclescheme cycle to work scheme, which helps people to get a tax-free bike and save about 40% of the usual cost.
Applications are submitted in April and October every year. You can apply to take part and hire a bike plus safety equipment up to the value of £1,000 as long as:
- you are a Trust employee aged 18 or over
- your employment contract exceeds the 12 month hire period
- your wages do not fall below minimum wage after salary deductions.
We buy the bike on your behalf and lease it back to you through a monthly salary sacrifice scheme, deducted from your gross pay. Once the hire period is complete, you have option to buy the bike for a fair market value or to extend the lease.
For more information, contact: email@example.com