CYCLE PLUS: FREQUENTLY ASKED QUESTIONS
Who is eligible to join?
All employees of the University of Glasgow with fixed hours are eligible for the scheme.
You can participate in this benefit, provided that you do not earn less than the Pay Protection Limit (see BenefitsPlus FAQs), or if your earnings would fall below the National Minimum Wage.
If you participate in any other parts of Benefits Plus then these will also be taken into account when deciding if you can participate in Cycle Plus (see Benefits Plus FAQs for more details).
Those who have a standard parking permit through the Car Parking Scheme are not eligible to participate in Cycle Plus. Occasional use parking permit holders may still be eligible to participate in Cycle Plus should they meet all other eligibility criteria.
Cycle Plus can be selected by any employee who has at least 12 months remaining on their employment contract.
For those under 18 years old, alternative arrangements will apply in order to comply with Consumer Credit Act legislation.
How does Cycle Plus work?
This is a salary sacrifice scheme which provides an Income tax and National Insurance efficient way to pay towards the hire of a bicycle (and associated safety equipment) up to the value of £1,500 (£2,500 for e-bikes) for 12 months. The bicycle obtained under the scheme is mainly to be used for commuting to work by the participating employee.
You sacrifice part of your annual salary to cover the hire of a bicycle (and associated safety equipment) for 12 months.
The bicycle will be hired from Halfords who have worked in partnership with many organisations in the provision of Cycle-to-Work schemes for a number of years. The monthly payments towards the hire of the bicycle will be taken directly from your monthly salary.
After the 12 month period, you have three options:
- Return the bicycle to the scheme provider, Halfords who are based in Worcestershire;
- Continue to use the bicycle and hire from Halfords by signing an “Extended Use Agreement”. There are no further monthly deductions, or other payments.
- Take ownership of the bike paying Halfords either 18% or 25%* of the certificate value.
*The lower figure relates to a certificate value of less than £500 and the higher figure relates to a figure of £500 and above.
Please follow this link for more information - Cycle2Work from Halfords, and they also have Frequently Asked Questions. You can also find out more detail through a Halfords Cycle to Work presentation, delivered to the University in Spring 2023.
How do I apply?
- Find your local partner shop using our search facility at cycle2work.info/bg_C2WStoreMap
- Partner shops are not only Halfords shops, but also a number of local and UK bicycle retailers as well as online retailer www.tredz.co.uk
- Visit the shop and choose your bike and approved safety equipment, to identify the value of certificate (‘Letter of Collection’ or ‘LoC’) you want to apply for. If you can't find what you are looking for, the Halfords helpdesk will support you to source specific bicycles or bicycles with similar specification in similar price range - phone 0345 504 6444 or email cycle2work@halfords.co.uk
- Log into MyLifestyle Platform www.edenred.uk.com using the Edenred log-in details you were provided with.
-> These are NOT your work email address and password.
-> All staff members were issued with a specific Edenred password by email on the 3rd July 2020.
-> If you have not received this because you have started with the University after that date, please contact the helpful HR team on hr-ppr@glasgow.ac.uk.
- Cycle to Work can be found in the mybenefits tab. Complete the online application.
- Once the online application is submitted, the University will check your eligibility, ask you to sign a Cycle Plus condition sheet and approve (or, if not eligible, decline) your request.
- After approval by the University, Halfords will send you the ‘Letter of Collection’ by email.
- You redeem the letter of collection in the bike shop upon production of photographic ID.
How much can I save?
The amount you can save is based on the certificate value and directly linked to your level of income, your rate of income and rate of National Insurance contributions.
The table below is indicative of typical savings you can make in the initial 12 month hire period subject to your personal circumstances.
What are the percentages/payment values based on?
HMRC has published a ‘Valuation Table’ to be used to calculate the market value of bicycles and safety equipment at the end of the initial hire period, for the case that you want to take ownership of the bicycle and not enter into the “Extended Use Agreement”.
The table can be viewed at www.hmrc.gov.uk/manuals/eimanual/EIM21667a.htm.