Salary exchange schemes
Salary exchange is an arrangement where the employee agrees to give up part of their salary for an agreed period in exchange for some kind of non-cash benefit, such as the loan of a bicycle, the lease of a low emissions vehicle or childcare. The University offers a range of salary exchange schemes to all colleagues.
As part of its range of family-friendly initiatives, the University has made arrangements to participate in a scheme that enables employees to purchase, via a salary sacrifice arrangement approved by HM Revenue & Customs, childcare vouchers without paying tax or National Insurance Contributions.
Find out more about childcare vouchers.
The cycle to work scheme is a tax and National Insurance free scheme set up by the Government and the Department for Transport to help promote healthier journeys to work and reduce pollution and congestion.
Find out more about the cycle to work scheme.
The University's car scheme offers eligible staff the opportunity to acquire a new, energy-efficient 'green' vehicle at much lower rates than those generally available to members of the public, through salary exchange. To support the University's sustainability agenda, only vehicles with low CO2 emissions can be obtained through the scheme. The leasing charge includes vehicle excise duty (road fund licence) and all servicing and maintenance costs.
Find out more about the University car lease scheme.
Bus
As part of its Sustainable Travel Plan, which aims to encourage alternatives to travelling to work by car, the University has partnered with Stagecoach to offer staff a 10% discount on bus passes.
Find out more about staff bus travel.
Train
For employees who travel to and from the campuses by train regularly, the University can provide an interest-free loan for the purchase of an annual rail season ticket, subject to certain conditions.
Find out more about interest-free loans for train passes.
