Cycle to Work allows you, through salary sacrifice to hire a bike and safety equipment up to a value of £1,000 from the Partnership for commuting to and from work.
You agree with the Partnership to a monthly reduction in your gross salary in return for the use of the bike and safety equipment for commuting. This element of salary you forgo will not have tax or National Insurance applied to it, saving you money.
Partners are eligible to join the scheme if they are a UK tax payer and do not, as a result of a salary reduction, fall below the set thresholds set by Her Majesty's Revenue & Customs (HMRC).
This scheme is not available to the following Partners:
- Partners based in the Channel Islands
- Partner based at the India Sourcing Office
More information can be found here