Cycle to work scheme
The cycle to work scheme application period is open all year round.
Joining the scheme
The process is simple:
- You need to obtain a quotation from Halfords or one of CyclePlus' participating stores to enable you to complete the online application form on the SalaryPlus website.
- Once you have been approved to join the scheme, a Letter of Collection will be sent to your home address for you to exchange for your bicycle.
- If you have any queries please contact the HR Services Team.
How to apply
The University reserves the right to amend or discontinue the provision of this benefit should the University determine that it is appropriate for it to do so taking into account such matters as it may determine relevant from time to time including changes to UK tax legislation.
What is the cycle to work scheme?
The University of Exeter has joined up with P&MM, one of the largest employee benefits providers in the UK, for employees of the University to use cycles through a government scheme to encourage people to cycle to work, which saves you income tax and national insurance on the cost of the cycle, and spreads the cost over 12 months. P&MM's Cycle2work and CyclePlus schemes allow you to redeem a voucher at a Halfords and a large number of local cycle shops in Devon and Cornwall which participate in the scheme. The scheme operates under a salary exchange arrangement which is approved by the government. At the end of the 12 month period there is an option to take ownership of the bicycle or extend the hire period with Cycle2work/CyclePlus. This process can be found on the SalaryPlus website by clicking on Cycle2work or CyclePlus.
Due to a recent clarification from HRMC, participants in the cycle to work scheme are now able to obtain a Certificate for Safety Equipment only. Please visit the SalaryPlus website and click on Cycle2work or CyclePlus.
The University of Exeter is participating in this scheme as part of its Sustainability policy, to encourage staff to travel to work by 'green travel', and to improve the range of benefits which are open to our staff.
Cycling is so much more enjoyable with my luxurious new bike, and with 24 gears I can even cycle (part way) up Pennsylvania Road! The Cycle to Work scheme arrangements made the whole process very easy, and as the money is deducted from salary over a year, I didn't have to pay for the bike all at once.
Nicky Britten (Institute of Health Service Research)