Re-launch of the Cycle to Work Scheme
University of Edinburgh employees can make savings on the cost of a bike and equipment, of up to the value of £3,000, for commuting to work.
The Cycle to Work scheme was introduced by the UK Government with the aim of encouraging people to make healthier and more environmentally friendly lifestyle choices when travelling to their workplace.
The scheme allows employees to 'hire' bikes and relevant accessories as a tax-free benefit. The scheme can save you 32 - 47%.
On July 17th 2020 we re-launched the Cycle to Work Scheme for University of Edinburgh employees through a new provider Cycle2Work. Employees can select bikes and accessories from over 1,000 independent bike stores, Halfords and Tredz, providing access to over 98% of bike brands.
The Cycle to Work limit has been raised to £3,000 (previously £1,000) in recognition of the increasing cost of bikes and the rising popularity of electric bikes.
With the current coronavirus pandemic the UK has seen an increase in people cycling for commuting and leisure. The scheme has been re-launched to provide more support for employees who wish to take up cycling as their preferred way to commute to work.
The new scheme also allows more flexibility of salary sacrifice for 12 or 18 months.
Find out more about the scheme: www.ed.ac.uk/transport/cycling/getting-a-bike/cycle-to-work.