Clackmannanshire Council's Cycle to Work Scheme is now open.
To promote healthier journeys to work and to reduce environmental pollution, the 1999 Finance Act introduced an annual Tax and National Insurance exemption, which allows employers to loan cycles and cyclists' safety equipment to employees under a Salary Sacrifice Agreement.
Employees have the chance to lease a bike and safety equipment over 12 or 18 months (see our Terms and Conditions). The lease cost is deducted from your gross pay in equal instalments over the 12 or 18 months. You can lease equipment up to the value of £1,000 (incl. VAT).
You save money because you do not pay Income Tax and National Insurance on the amount by which your gross salary is reduced.
Clackmannanshire Council has partnered with Cyclescheme Ltd to administer the scheme, and the independent bike shops in the local area to supply the bikes. At the end of the hire period ownership of the bike will transfer to Cyclescheme, who will provide futher options incluing buying the bike, returning the bike or extending the hire agrement for a further three years.
The process generally takes about 3 weeks from picking the bike and equipment to receiving the voucher to collect the bike and equipment.
Alternative arrangements have been made with some local bike shops who have kindly offered Council staff a discount if they wish to purchase a bike outwith the Cycle to Work scheme, for further information see the Travel Plan section on Connect or email the Smart Travel Team.
Travel Plan, Roads, Traffic & Transportation
Kilncraigs, Greenside Street, Alloa, FK10 1EB
Tel: 01259 450000