Cycle to Work
Cycle to work? Save on bikes and accessories.
Our Cycle to Work Benefit is a great way to improve your fitness whether you cycle to work or for pleasure.
How do I save? The scheme covers both bikes and accessories. You can get your new bike from a specialist shop, or a big national retailer such as Evans or Halfords, or online. It includes road bikes, mountain bikes and hybrids, electric bikes and folding bikes and other specialist cycles plus accessories such as all-weather gear, safety equipment and tools. If you already have a bike, you can just buy accessories as long as the overall value’s over £100. Your employer pays the full cost up front, which is recouped from your gross salary over 12 or 18 months – so you also save on your NI payments. So you will save Tax and NI on the value of you bike and accessories.
Can I only use the bike for commuting?
No, there are no restrictions so you’re free to use your bike whenever you like. whether you are cycling with friends and family, your bike is yours to enjoy.
What happens if I leave the company? If you want to keep your bike, any outstanding monthly payments would be taken from your final salary.
That’s easy — just use your online EB Hub.
EP3 08/18
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