Highlights
- Simple agreement allowing employers to offer a Cycle to Work scheme
- Aims to provide workers with an alternative commuting method
- No tax liability for employees
- Valid for up to £1,000 of cycling equipment
- Printable PDF document available within 24 hours of purchase
About This Deal
The Deal
Workers can seek healthier and greener daily commutes with CycleToWorkNow. Aiming to benefit both employers and their employees, this package is designed to open up the Cycle to Work scheme to companies of all sizes. As 95% of UK companies are staffed by fewer than five people, this straightforward document allows employees of small businesses to take advantage of the scheme.
The Specifics
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Employers offer a C2W scheme to employees
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Participating employees select a bicycle and cycling equipment from a shop, to a maximum value of £1,000
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Once purchased, a printable document can be produced within 24 hours
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The employer and employee sign a copy each, on the work premises
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The agreement states an exact salary deduction to be sacrificed by the employee for the scheme
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The payroll department can then reduce the employee’s gross salary by this monthly amount, for 12 months
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The employer will then purchase the selected equipment directly from the bicycle shop for the employee
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At the end of the scheme, provided the instructions are followed, there will be no tax liability for the employee on the transfer of the bicycle
Fine Print
Purchase: Limit 2 per person. May buy 2 additional as gifts.
Booking: Required online via http://www.simplec2w.co.uk/. No cancellations.
Restrictions: Personalized C2W document package will be emailed to purchaser for no additional fees within 24-hours of correctly filling in redemption form on merchant site. £6.50 surcharge for a hard copy of agreement.