We are proud to offer a cycle to work scheme in conjunction with Green Commute Initiative.
The scheme allows you to hire then own a bike and accessories at a cost cheaper than normal by way of salary sacrifice.
Should you wish to take part, there is a simple process to follow.
Process:
- Choose your bike from one of the shops registered with Green Commute Initiative https://www.greencommuteinitiative.uk/gci-registered-bike-shops/
- Submit an application form: https://www.greencommuteinitiative.uk/instant-quotes/
- You will receive a proforma invoice – send to Charlotte Hayes
- EDGE pays the invoice, you receive the hire agreement to sign
- Signing of agreement generates voucher for bike purchase
- Provide voucher details to retailer and collect bike
Key points:
- You can choose any type of bike e.g. road, mountain, electric
- Your purchase can include a helmet, clothing and other cycling accessories
- Hire agreement not to exceed 24 months
- No more than 3 cycle to work agreements will be processed per month. This is to protect cashflow as EDGE must pay the full cost of each bike upfront.
- Requests will be dealt with on a first come first served basis
- Payments are made via salary sacrifice
- You do not own the bike, this is a hire agreement. A transfer of ownership can take place after some years for a £1 fee (see FAQs on website)
- If you leave your employment with EDGE prior to the end of the agreement, the outstanding amount will be taken from your final salary. If this takes your final salary payment below the minimum wage, you must make your own arrangements to settle the agreement.
- You will lose the tax-free benefit on any amount not paid via your final salary. Further information:
- The Green Commute Initiative website is very informative – https://www.greencommuteinitiative.uk/faqs-2/
- Check out the savings calculator – https://www.greencommuteinitiative.uk/savings/
- Any further questions on the mechanics of the scheme speak to Charlotte Hayes
- Any questions regarding salary sacrifice speak to Daniel Moore
Eligibility: Upon successful completion of probation period.