Be active
We are part of the Cycle Scheme. More information can be found here www.cyclescheme.co.uk/ and here www.cyclescheme.co.uk/employers/ employer-faqs It is a salary sacrifice scheme for a period of 12 months and savings are made through payroll as less tax and national insurance is paid. The link above provides an example which explains this in monetary terms. You should be aware that after the 12 month period, ownership does not automatically transfer. The Cycle Scheme will contact you with options but an additional cost will be charged in line with the HMRC Market Valuation Clarification. The link above explains this in greater detail. To go ahead and order a bike under the scheme you will need to find a store that participates in the scheme here: www.cyclescheme.co.uk/partners . Go to the store and choose what you want. It is not limited to a bike, under the scheme you can buy a helmet, safety equipment etc. The value of goods is capped at £1000. They will give you a form with the details of what you want. You then need to input the information here www.cyclescheme.co.uk/c52f29 You will need to electronically sign a contract which explains the terms and conditions in greater details, for example it is your responsibility to provide insurance for the bike. The salary sacrifice will continue even if the bike was to become damaged or stolen. Please take the time to read and understand them before completing your request. Once you have submitted the request it comes to the HR department and we deal with the rest. If approved, approximately two weeks later one of us will give you a voucher which you need to give to the shop who will then hand over the goods to you.
Kseniya Dury Email: duryk @ dulwich.org.uk
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