Cycle to work scheme
We encourage our staff to live healthy lifestyles and as part of this UCLH has signed up to the 'Bikes for the NHS' cycle to work scheme. This scheme allows staff to purchase bikes, cycling gear and safety equipment for journeys to and from the workplace and saves 20 to 40% on the cost of a new bike, cycling gear or safety equipment.
As a member of staff, you can lease a bike plus safety equipment up to the value of £5,000 as long as:
- you are employed by UCLH and over the age of 18 years
- your employment contract exceeds the 2- to 12-month lease period
- your wages do not fall below the minimum wage after salary deductions.
We lease the bike on your behalf and lease it back to you through a monthly salary sacrifice scheme, deducted from your gross pay. Once the lease period is complete, a one-off charge known as disposal fee, which is 10% of the cost of the bike, cycling gear or safety equipment (plus 20%VAT) is deducted from your net pay and this transfers the ownership of the bike to you.