Save money, get fit and reduce your carbon footprint with Derbyshire Healthcare’s ‘Bikes for Staff’ scheme!
Employees have the opportunity to take advantage of the government’s tax-free ‘Cycle to Work’ initiative.
The scheme allows members of staff to make savings of up to 35% on a bicycle along with safety and security accessories of their choice, to a maximum value of £1,000, which will be paid for through easy monthly payroll reductions.
The monthly payments are spread out over the year and the savings are made through paying reduced income tax, National Insurance and *NHS pension contributions.
Savings are realised through a salary sacrifice arrangement. Figures are a guide only and dependant on personal situation.
"I applied and bought a bike through the scheme as it represented good value and enabled me to ride to work and also use it at work, attending local meetings and visiting service receivers within the Derby area."
D. Szrejder
*The new NHS Pension changes which come into force as of April 2015 Salary Sacrifice - implications for 2016 Pension Scheme members - In a Career Average Revalued Earnings (CARE) scheme, like the 2016 NHS Pension Scheme, pension benefits are built up on a year by year basis based on your actual pensionable earnings in each year. Therefore entering into any salary sacrifice arrangement (e.g. Childcare Vouchers, Lease Car Schemes etc) that reduces your gross pensionable earnings will have a negative effect on the amount of pension you are able to build up in that year. The overall effect from participating in any salary sacrifice scheme would be to reduce the amount of final benefits you earn.
You can take a look at the scheme here for further information and to register or log in - https://www.vivup.co.uk/suppliers?for=566-nhs-demo
You can also read about the Bikes for Staff scheme on the staff benefits page on Focus.
