Staff Cycle to Work scheme FAQs
Who is eligible to participate in the Cycle to Work scheme?
The scheme is open to all full鈥恡ime and part鈥恡ime employees of the 5X社区视频 whose contracts will run for 14 months or more at the time of ordering the bicycle.
Can employees from other organisations such as SussexFood or Sussex Estates and Facilities (SEF) apply?
The scheme is not available to employees from other organisations.
How does the scheme work?
You choose a new bike and cycle safety accessories worth up to £1,000 and the 5X社区视频 buys it for you. They hire it back to you with reductions in your monthly salary over 12 months. This is called ‘salary sacrifice’ and it allows you to get the new bike you want now and to spread the cost.
How and where can I get the bike?
You can view an extensive range of bicycles and equipment on the鈥. If you’re interested in obtainining items from a local bike shop, Cycle Solutions can set up a partnership agreement with the shop to allow this to happen. Take a look at the鈥Cycle Solutions options brochure鈥痶o see some of their most popular products.
When do I need to order my bike by?
Eligible staff have been able to apply to the Cycle to Work scheme since April 2017. The scheme will operate until further notice.
What are the benefits of the scheme?
Besides the cost savings, benefits include:
- A鈥痜ull 12-month warranty for all bicycles
- You can have your bicycle delivered to your home or workplace free of charge once it has been built and any equipment added
- Cycle Solutions will check with you to ensure that the equipment you receive is the correct size for you, frame style and in the colour you want
- You can add any new components or accessories subject to warranty agreements, throughout the agreement period
- The scheme is set up using tax rules that exempt you having to pay tax on the benefit and therefore you do not have to notify HMRC
How can I find out more?
Full details of the scheme - including FAQs, a savings calculator and a step-by-step guide to ordering a bike - are available on the鈥.