Maybe you’d like to spend more time outdoors in the summer? Perhaps you’re conscious of your carbon footprint and wish to reduce this? Or you’d just like an easy way to improve your health and wellbeing – the Cycle to Work scheme can work towards helping you achieve these goals!
What is a Salary Exchange scheme?
Cycle2Work is an employee benefit which is operated as a salary sacrifice, meaning you agree to give up some of your gross salary (before tax) in exchange for a benefit e.g., a new bike and accessories. By having a salary sacrifice, you are reducing the amount of income you pay tax and National Insurance on which is where the savings are made.
Colleagues are eligible after completing their probation.