The University's cycle to work scheme is Bicycles+. By joining Bicycles+ staff can acquire a bike and accessories free of tax and national insurance.
The cycle to work scheme is a Government green transport initiative which allows the University of Edinburgh to offer employees the option of hiring an adult bike and safety equipment over a 12 month period, free of tax and National Insurance, by way of a “salary sacrifice”.
The bike must be used mainly for travelling to and from work, at least 50% of the time it is in use, in order to benefit from this exemption. This represents a saving of up to 41% on the cost of the bicycle, depending on your tax rate.
Further details of the Cyclescheme can be found on the Transport & Parking website.
This article was published on Feb 6, 2013