Cycle2work Scheme – Halfords Sale

The University’s Cycle2work benefit offers a great opportunity for colleagues to purchase a bicycle and accessories to support their commute to the workplace whilst making significant savings through salary sacrifice.

As an employee of the University of Lincoln, you are able to participate in the Cycle2work scheme. It’s really simple to join and you could save up to 42% on a brand new bike and safety accessories as you don’t have to pay any tax or National Insurance on it.

You can purchase a brand new bike and safety accessories up to the value of £2,500 tax free via the scheme. This will then be paid directly from your salary over the period of either 12 months if the loan is up to £1,000 or 24 months if it is between £1,000 and £2,500 – part of a salary exchange scheme.

Halfords will have a sale launching on 25 December, with the opportunity to save up to an additional 30% on a range of bikes, in addition to savings made through Cycle2work.

For more information on how you can purchase a bicycle, visit Linc-On then select the ‘travel’ section: https://www.linc-on.co.uk/

If you have any questions, please email payrollservices@lincoln.ac.uk.

Story submitted by Krista Zemite
kzemite@lincoln.ac.uk