Autumn/Winter
2012
Southern Health
NHS Foundation Trust
Closing date for receipt of orders:
7th December 2012
First payroll deductions:
January 2013
TAX EFFICIENT
CYCLE TO WORK SCHEME
Autumn/Winter
2012
Including NHS Pension
Great Special Offers Wide range of Bikes Save £££s on High Street prices Easy Deductions through Payroll!
Contents
Autumn/Winter
2012
How to order
3
Welcome to the Tax Efficient
Cycle to Work Scheme
4
The Effect on your
Employment Package
5
Special Offers
6
Bikes over £800
8
Bikes over £650
10
Bikes over £450
12
Bikes over £250
14
Folding Bikes
17
Accessories
19
FAQs
21
Ordering & Delivery/
The Rules
23
Order Form
24
Save £££s on
High Street Prices
with Special Offers
and easy Deductions
through Payroll!
2
How to Order
You can order your bike either through mail order
(delivered to your home) or from a local bike shop
working with Bikes for the NHS.
MAIL ORDER
Select a bike and
accessories from
this brochure
or
BIKE SHOP
Send the make, model
and frame size of the bike
you want by email to:
[email protected]
Visit a participating bike shop participating in the
Bikes for the NHS Cycle to Work Scheme and get a written
quote for up to £1000 for a bike and accessories. Fax the
quote, including your email address to 01483 811243 or
scan and email it to [email protected]
Bikes for the NHS will contact you detailing all the
info you need to complete the order form, together with
a price breakdown and an indication of your savings
Complete the order form.
Make sure the hire agreement is
signed by you, and witness signed
by your line manager
Any questions?
email [email protected]
or call 01252 784544
Fax hire agreement
and order details form
to 01483 811243
or scan and email to
[email protected]
or
Post it free to:
FREEPOST RRAK-LLCA-TKYE
SME HCI Ltd, The Studio
Hunts Hill House, Hunts Hill Road
Guildford, Surrey GU3 2AH
You will be sent an email confirming
receipt of your order
3
Welcome
to the
TAX EFFICIENT CYCLE
TO WORK SCHEME
Welcome to the Tax Efficient Cycle to work scheme, which
offers you the use of a brand new bicycle - TAX EFFICIENTLY.
The scheme is open to all staff on PAYE payroll (except Bank
Staff ) where your salary does not go below National Minimum Wage after the deductions.
If you are impacted by the National Minimum Wage
please contact Bikes for the NHS for an alternative option.
How Does it Work?
Once you have chosen and ordered your bicycle, you enter
into an agreement for a period of 12 months. This consists
of a hire agreement and a Salary Sacrifice from your gross
(before tax) salary. At the end of the 12 month agreement,
you pay the “Disposal Fee” from your net pay.
To benefit from the tax savings bicycles must be mainly
used for cycling to work (over 50% of usage), but there is no
requirement to keep records of work journeys. The bicycle
can also be used for recreational purposes and by any
member of your family.
The scheme guidelines state that up to £1000 of your salary
can be exchanged for this purpose TAX EFFICIENTLY.
Therefore, you will not have to pay Income Tax or National
Insurance on the value of the salary sacrifice. You will save
even more if you are a member of the NHS pension scheme,
because the deductions are not subject to contributions.
Welcome
About the Products
Autumn/Winter
2012
Both bicycles and cycling equipment (helmets, lights,
locks, etc.) can be supplied through the scheme.
A small range of mail order products are shown in
this brochure but bikes and accessories from leading brands including Specialized, Marin, Giant,
Dawes and Gore can be ordered on request. In
addition, bikes can be sourced from participating
local bike shops.
4
The Effect on Your
Employment Package
Overtime and Pay Awards
NHS Pension Scheme
There may be an impact on Statutory Maternity, Adoption, Paternity or Sick
Pay when you take part in the Tax Efficient Cycle to Work Scheme. This is
because these statutory benefits take into consideration your salary less the
reductions for your bicycle. Certain statutory benefits may be lost if your
earnings fall below the Lower Earnings Limit. For further information please
contact your local Social Security office or visit their website at
www.dwp.gov.uk.
Important information
Members prior to 1st April 2008
Autumn/Winter
2012
If you are in the last 3 years of employment before retirement and you
are a member of the NHS pension scheme (1995 section), taking part
in the scheme will have an effect on your NHS pension benefits and
your employer would advise against joining the scheme. Upon retirement, NHS pension benefits are calculated on the best of the last 3
years Pensionable Pay. As your Pensionable Pay will decrease by the
amount of the Salary Sacrifice, this will have an effect on your benefits
if you retire during or soon after the scheme.
New NHS Pension Scheme
New members on or after 1st April 2008
If you are in the last 10 years of employment before retirement and are
a member of the New NHS Pension Scheme (2008 section), taking part
in the scheme may have an effect on your NHS Pension benefits,
depending if/when you plan to wind down your commitment and
earnings in your last years of employment. Upon retirement, NHS
Pension benefits are calculated on the average of the best three
consecutive year’s Pensionable Pay in the last 10 years of working. As
your Pensionable Pay will decrease by the amount of the Salary Sacrifice, this may have an effect on your benefits.
Death in Service Benefits
These benefits will also be impacted if you die in pensionable employment during the 12 months of the scheme. The life assurance within
the NHS Pension Scheme is paid by a lump sum equal to 2 years of
Pensionable Pay. As your Pensionable Pay will decrease by the amount
of the Salary Sacrifice, this may have an effect on your benefits.
The Salary Sacrifice will have no impact on salary related payments such as
overtime and pay awards, which are based on your total remuneration.
Statutory Benefits
Maternity Pay
Your maternity pay is calculated on your “average weekly earnings” during
weeks 17-25 of your pregnancy. For the purpose of calculating your
maternity pay your lower salary (after all salary sacrifice deductions) will be
used. This will have a direct impact on your level of maternity pay and
you need to carefully consider the possible implications before taking part in
the Cycle to Work Scheme.
National Minimum Wage
This Salary Sacrifice scheme must not reduce your pay to below the National
Minimum Wage, currently £6.19 per hour (£4.98 per hour age 18-20). You will
not be able to take part in the Salary Sacrifice scheme if this is the case. You
will need to be careful that this isn’t the case if you already have a Salary
Sacrifice in place. If you are impacted by National Minimum Wage please
contact Bikes for the NHS for an alternative option.
Is it in everyone’s interest to enter
into a Salary Sacrifice Scheme?
No, your personal circumstances may mean that it is not beneficial for you.
This is more likely to be the case for those on low income affected by Working
Tax Credit which may cancel out the savings on Income Tax and National
Insurance contributions. Employees in receipt of Working Tax Credit should
seek advice from the Inland Revenue on 0845 300 3900 or
www.hmrc.gov.uk/childcare.
5
Special Offers
Product 1. Dahon Cadenza 2009 Folding Bike
Product 2. Claud Butler Dalesman
RRP £759.99 Special Offer £499.99
You pay from as little as £330.91** Including Disposal Fee
RRP £1050.00 Special Offer £799.99
You pay from as little as £528.95** Including Disposal Fee
Height
Frame Size
5’3” -5’6”
49cm
A fast and light commuting bike, suitable for long
rides to work in any weather. Superb design
means the Cadenza is tough, yet folds in 30
seconds for portability and convenient storage.
Special Offers
2012
12 Monthly Gross Salary Reductions of £41.73
Monthly
Gross Salary
Reduction
£41.73
Height
Frame Size
5’3”-5‘6”
5’7“- 5‘9”
5’9“- 6‘0”
49cm
53cm
55cm
A high-specification touring bike, the Dalesman
is ideally suited to long rides on tarmac roads.
Quality construction and components together
with pannier rack and comfortable ride make it
the dependable choice for serious travellers.
27 speed shifters
Pannier rack
Quality build
Easy to fold
Lockjaw technology
Shimano disc brakes
Integrated pump
Autumn/Winter
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
12 Monthly Gross Salary Reductions of £66.69
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£26.87
£322.49
£22.58
£270.91
£66.69
Plus Disposal Fee £50.00 + VAT (To be paid in 12 months time)
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£42.95
£515.38
£36.08
£432.95
Plus Disposal Fee £80.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
6
Special Offers
Product 3. Claud Butler Regent
Product 4. Marin Northside Trail 2010
RRP £750.00 Special Offer £475.00
You pay from as little as £314.41** Including Disposal Fee
RRP £699.99 Special Offer £599.99
You pay from as little as £396.92** Including Disposal Fee
Height
Height
Frame Size
5’3” - 5’8”
5’7” - 5’10”
48cm
53cm
Special Offers
24 speed gears
Pannier rack
Ergonomic design
Autumn/Winter
2012
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
A quality-build yet value commuter bike.
The Regent is a serious road machine that will
give years of faithful service. Pannier rack
already in place, it’s ready for work but will also
provide dependable company for the tourist.
12 Monthly Gross Salary Reductions of £39.65
Monthly
Gross Salary
Reduction
£39.65
Frame Size
5’6“- 5‘10” Medium
120mm suspension fork
24 speed shifters
Hydraulic disc brakes
Alloy Frame
12 Monthly Gross Salary Reductions of £50.05
Actual
Reduction
Basic Rate*
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£25.53
£306.42
£21.45
£257.41
£50.05
Plus Disposal Fee £47.50 + VAT (To be paid in 12 months time)
The Marin Trail HT series offers bikes that can
tackle jumps or nasty trails and be able to
hammer back up the hill to do it again.
Actual
Reduction
Basic Rate*
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£32.23
£386.79
£27.08
£342.92
Plus Disposal Fee £60.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
7
Bikes £800 +
Product 5. Tricross Sport Disc 2013
Product 6. Specialized Secteur Elite 2013
RRP £1000.00 You pay from as little as £661.00**
RRP £1000.00 You pay from as little as £661.00**
Height Frame Size
5’0”- 5’3”
5’3“- 5‘6”
5’6“- 5’8”
5’8“- 5‘10”
5‘10”- 6”0’
6’0“- 6‘3”
6’3”- 6’6”
Including Disposal Fee
46cm
49cm
52cm
54cm
56cm
58cm
61cm
Height
Tricross Sport Disc is the perfect do-it-all bike for
anything from trails to commuting to touring,
with rack/mudguard mounts and secondary
brake levers. 9-speed Shimano components,
disc brakes, and alloy fork give a wider range of
gears, better all-condition braking, smoother
ride, and quicker handling.
Bikes £800+
Lightweight Alloy Fork
Avid disc brakes
Internal cable routing
Shimano Sora STI Levers
Autumn/Winter
2012
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
12 Monthly Gross Salary Reductions of £83.33
Monthly
Gross Salary
Reduction
£83.33
Frame Size
5’0”- 5’5”
5’5“- 5‘8”
5’8“- 5’10”
5’10“- 6‘0”
6’0“- 6‘3”
6’3’- 6’6”
49cm
52cm
54cm
56cm
58cm
61cm
Roubaix-inspired Endurance Road geometry,
plus shaped seatstays and FACT carbon fork both
with vibration-absorbing Zertz, make the Secteur
Elite super-smooth and responsive. Upgraded
wheelset and 10-speed Shimano Tiagra compact
drivetrain add efficiency and reliability.
Smooth welded aluminium frame
FACT carbon fork
Compact chainset
Shimano Tiagra STI Shifters
12 Monthly Gross Salary Reductions of £83.33
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£53.67
£644.00
£45.08
£463.33
£83.33
Plus Disposal Fee £100.00 + VAT (To be paid in 12 months time)
Including Disposal Fee
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£53.67
£644.00
£45.08
£463.33
Plus Disposal Fee £100.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
8
Bikes £800 +
Product 7. Specialized Rockhopper Comp 2013
Product 8. Specialized Allez Elite 2013
RRP £800.00 You pay from as little as £528.95**
RRP £900.00 You pay from as little as £594.96**
Height
Frame Size
5’0”- 5‘3”
5’3“- 5‘7”
5’7“- 5‘10”
5’10“- 6‘2”
6’2”- 6’5”
6’5”-6’9”
Including Disposal Fee
13in
15.5in
17.5in
19in
21in
23in
All new for 2013 the Rockhopper Comp is now
designed around 29” wheels for added speed,
comfort and traction. Equipped with a 20 speed
transmission, Rock Shox Lock-out fork, and Avid
Elixir 1 hydraulic brakes it’s a great performance
package anyone can appreciate.
Bikes £800+
2012
12 Monthly Gross Salary Reductions of £66.69
Monthly
Gross Salary
Reduction
£66.69
Height
Frame Size
5’0”- 5’5”
5’5“- 5‘8”
5’8“- 5’10”
5’10“- 6‘0”
6’0” - 6’3”
6’3”- 6’6”
Including Disposal Fee
49cm
52cm
54cm
56cm
58cm
61cm
Stiff, light, race-inspired Allez Elite offers great
acceleration and handling—perfect for
aspiring racers, or as a winter training bike for
more accomplished veterans. New 10-speed
Shimano Tiagra and lighter wheels for
high-end performance at a serious value.
FACT Carbon fork
Tiagra 10 speed shifters
Smooth welded
aluminium frame
Compact chainset
M4SL Alloy frame
Hydraulic disc brakes
Shimano 9-speed
Autumn/Winter
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
12 Monthly Gross Salary Reductions of £75.01
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£42.95
£515.38
£36.08
£432.95
£75.01
Plus Disposal Fee £80.00 + VAT (To be paid in 12 months time)
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£48.31
£579.68
£40.58
£486.96
Plus Disposal Fee £90.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
9
Bikes £650 +
Product 9. Specialized Dolce Sport Equipped 2013
RRP £870.00 You pay from as little as £575.35**
Including Disposal Fee
Height
Bikes £650+
Every key component of the Dolce was selected for
44cm the female rider looking to tackle everything from
4’8”- 5’0”
48cm
5’0“- 5‘3”
the weekend workout to the upcoming century
51cm
5’3“- 5‘6”
ride. Women's endurance geometry, carbon
seatstays and Zertz inserts for a responsive, yet
54cm
5’6“- 5‘8”
forgiving ride. The Shimano Sora triple-chainring
57cm
5 ‘8“- 5’10”
drivetrain provides reliable and quiet shifting.
Smooth Welded aluminium frame
FACT carbon forks
Sora STI shifters
Womens
Bottle Cage and seatpack
Model
Autumn/Winter
2012
12 Monthly Gross Salary Reductions of £72.54
£72.54
Product 10. Specialized Tricross 2013
RRP £750.00 You pay from as little as £495.94**
Height
Frame Size
Monthly
Gross Salary
Reduction
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
5’0”- 5’3”
5’3“- 5‘6”
5’6“- 5‘8”
5’8“- 5‘10”
5’10’-6’0”
6’0”- 6’3”
6’3”- 6’6”
46cm
49cm
52cm
54cm
56cm
58cm
61cm
Tricross is the perfect do-it-all bike for anything
from trails to commuting to touring, with
rack/mudguard mounts, wide-range gearing,
and secondary brake levers.
Axis wheelset
Triple chainset
Smooth welded aluminium frame
Shimano 2300 STI shifters
12 Monthly Gross Salary Reductions of £62.53
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£46.72
£560.59
£39.24
£470.93
£62.53
Plus Disposal Fee £87.00 + VAT (To be paid in 12 months time)
Including Disposal Fee
Frame Size
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£40.27
£483.23
£33.83
£405.94
Plus Disposal Fee £75.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
10
Bikes £650 +
Product 11. Specialized Allez Sport 2013
Product 12. Specialized Rockhopper 2013
RRP £725.00 You pay from as little as £479.44**
RRP £600.00 You pay from as little as £396.92**
Height
Frame Size
5’0”- 5’5”
5’5“- 5‘8”
5’8“- 5‘10”
5’10“- 6‘0”
6’0“- 6’3”
6’3”- 6’6”
Including Disposal Fee
49cm
52cm
54cm
56cm
58cm
61cm
Height
Stiff, light, race-inspired Allez Sport offers great
acceleration and handling—perfect for aspiring
racers, or as a winter training bike for more
accomplished veterans. 9-speed Shimano
gearing and lighter wheels improve efficiency
over any terrain.
Bikes £650+
2012
12 Monthly Gross Salary Reductions of £60.45
Monthly
Gross Salary
Reduction
£60.45
Frame Size
5’3“- 5‘7”
5’7“- 5‘10”
5’10“- 6‘2”
6’2”- 6’5”
6’5”-6’9”
Including Disposal Fee
15.5in
17.5in
19in
21in
23in
All new for 2013 the Rockhopper is now
designed around 29” wheels for added speed,
comfort and traction. Equipped with a 27 speed
transmission, SR Suntour Lock-out fork, and
Tektro hydraulic brakes it’s a great performance
package anyone can appreciate.
29” wheelset
3 x 9 drivechain
Tektro Hydraulic brakes
Lightweight Alloy Frame
FACT carbon fork
Smooth welded aluminium frame
Shimano Sora STI Shifters
Axis Classic wheelset
Autumn/Winter
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
12 Monthly Gross Salary Reductions of £50.05
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£38.93
£467.16
£32.70
£392.44
£50.05
Plus Disposal Fee £72.50 + VAT (To be paid in 12 months time)
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£32.23
£386.79
£27.08
£324.92
Plus Disposal Fee £60.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
11
Bikes £450 +
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
Actual savings depend on
the personal tax situation
of the individual.
Product 12a. Specialized Myka Elite 2013
RRP £600.00 You pay from as little as £396.92**
Including Disposal Fee
Height
Frame Size
4’8”-4‘11”
4’11“- 5‘3”
5’3“- 5‘7”
5’7“- 5‘10”
13in
15in
17in
19in
Built for lightweight efficiency with anatomical
engineering and components for women, the
Myka is the best performing recreational mountain bike at a value everyone can appreciate.
Myka Elite Disc component highlights include an
80mm-travel SR Suntour fork and Specialized The
Captain tyres.
Bikes £450+
Suntour Lock-out fork
27 gears
Womens Specific design
Tektro hydraulic disc brakes
Autumn/Winter
2012
Womens
Model
12 Monthly Gross Salary Reductions of £50.05
Monthly
Gross Salary
Reduction
£50.05
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£32.23
£386.79
£27.08
£324.92
Choose the
bicycle you would
like to order
Fully complete the
Hire Agreement and
Order Details pages
Complete the
pre-contract
information page
The tables shown are an
approximation or
guideline only and the
figures may include
roundings.
If you are in any doubt
over the exact savings you
will make, please seek
independent financial
advice.
Sign the Hire Agreement
witnessed by your line
manager
Send your Hire
Agreement and Order Details pages
to our Freepost address or fax them
to us on 01483 811243 or scan and
email to [email protected]
The savings indicated
assume you remain in the
scheme for the 12 month
Hire Period.
The costs indicated are for
a member of the NHS
Pension Scheme. If you are
not a member, the savings
are slightly lower.
Deliveries will take place after
your employer has authorised orders.
First Payroll deductions will start
the month following submission
of your order forms.
Errors and omissions
excepted. Products, prices
and specifications are
correct at time of
publication.
Products are all subject to
availability and may
sometimes differ from the
illustrations shown.
All prices are available
while stocks last.
Where products are
not available, we will
attempt to offer similar
alternatives.
Plus Disposal Fee £60.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
12
Bikes £450 +
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
Product 13. Giant Rapid 3 2013
Product 14. Hardrock Sports Disc 2013
RRP £599.99 You pay from as little as £396.92**
Including Disposal Fee
Height
Height
Frame Size
5’0”-5‘3”
Small
5’3“- 5‘6”
Medium
5’6“- 5’9” Med/Large
5’9“- 6‘0”
Large
6’0”- 6’3”
X-Large
Smooth road bike speed, flat bar control. Ride to work or
up a winding mountain road and get fit faster. It's
versatile, inviting and most importantly, it's a bike you'll
want to ride every day. With high quality ALUXX SL
aluminium tubing and comfortable, stretched out flat
bar geometry. The Rapid is your ticket to improved
fitness or a fast commute.
Bikes £450+
Advanced grade Overdrive
fork with aluminium steerer.
Shimano Sora rear derailleur
Giant S-R4 Flat Guard tyres
Autumn/Winter
2012
12 Monthly Gross Salary Reductions of £50.05
Monthly
Gross Salary
Reduction
£50.05
RRP £500.00 You pay from as little as £330.91**
Frame Size
5’3“- 5‘7”
5’7“- 5’10”
5’10“- 6‘2”
6’2”- 6’5”
6’5”- 6’9”
15.5in
17.5in
19in
21in
23in
Aluminium Frame
29” wheelset
Tektro Hydraulic brakes
3 x 8 drivechain
All new for 2013 the Hardrock Sport Disc is now
designed around 29” wheels for added speed,
comfort and traction. Equipped with a 24 speed
transmission, Suntour Lock-out fork, and Tektro
hydraulic brakes it’s a great performance package
anyone can appreciate.
12 Monthly Gross Salary Reductions of £41.73
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£32.23
£386.79
£27.08
£324.92
£41.73
Plus Disposal Fee £60.00 + VAT (To be paid in 12 months time)
Including Disposal Fee
Actual
Reduction
Basic Rate*
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£26.87
£322.49
£22.58
£270.91
Plus Disposal Fee £50.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
13
Bikes £250 +
Product 15. Specialized Crosstrail 2013
Product 16. Ariel Step-Through 2013
RRP £400.00 You pay from as little as £264.90**
RRP £400.00 You pay from as little as £264.90**
Including Disposal Fee
Height
Built for efficient recreation, exploration and
fitness, the Crosstrail is made for how, where and
why you ride. The Crosstrail is equipped with 24
gears as well as Suntour suspension forks and
Specialized Trigger tyres.
Bikes £250+
A1 Aluminium frame
Suntour suspension fork
Alloy V-brakes
2012
£33.41
Frame Size
Small
5’0“- 5‘3”
5’3“- 5‘7” Medium
Large
5’7“- 5‘10”
A1 Aluminium frame
Suntour suspension fork
Alloy V brakes
With elements of both a road bike and mountain bike,
the Ariel is for the female rider looking to zip through
the weekday commute and head out for weekend
adventure. The Ariel Step-Through features women's
recreational geometry and a 75mm-travel SR Suntour
fork for a plush ride.
Womens
Model
12 Monthly Gross Salary Reductions of £33.41
Monthly
Gross Salary
Reduction
Including Disposal Fee
Height
Frame Size
Small
5’3”- 5‘6”
5’6“- 5‘9” Medium
5’9“- 6‘0”
Large
6’0“- 6‘3” X-Large
6’3“- 6’6” XX-Large
Autumn/Winter
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
12 Monthly Gross Salary Reductions of £33.41
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£21.52
£258.19
£18.07
£216.90
£33.41
Plus Disposal Fee £40.00 + VAT (To be paid in 12 months time)
Actual
Reduction
Basic Rate*
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£21.52
£258.19
£18.07
£216.90
Plus Disposal Fee £40.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
14
Bikes £250 +
Product 17. Specialized Sirrus Sport 2013
RRP £500.00 You pay from as little as £330.91**
Including Disposal Fee
Height
Frame Size
5’0”-5‘3” X-Small
Small
5’3“- 5‘6”
5’6“- 5‘9” Medium
Large
5’9“- 6‘0”
6’0”- 6’3” X-Large
Bikes £250+
Autumn/Winter
2012
Mens
Model
12 Monthly Gross Salary Reductions of £41.73
£41.73
Product 17a. Specialized Vita Sport 2013
RRP £500.00 You pay from as little as £330.91**
Including Disposal Fee
Height
Combining the heart of the world's best road
bikes with a flat-bar, urban-friendly form, Sirrus
Sport redefines the notion of versatility. 9-speed
Shimano gearing keeps your pedalling efficient
over varied terrain.
A1 Aluminium frame
Straight blade fork
Shimano drivetrain
Body Geometry saddle
Monthly
Gross Salary
Reduction
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
Frame Size
4’8”- 4‘11” X-Small
Small
4’11“- 5‘3”
5’3“- 5‘7” Medium
Large
5’7“- 5‘10”
A1 Aluminium frame
Integrated headset
Shimano drivetrain
Body Geometry saddle
Womens
Model
12 Monthly Gross Salary Reductions of £41.73
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£26.87
£322.49
£22.58
£270.91
£41.73
Plus Disposal Fee £50.00 + VAT (To be paid in 12 months time)
The Vita Sport offers the speed of a road bike with
the comfort and confidence that comes from a flat
bar, for exercising, commuting, or hitting the open
road. 9-speed Shimano triple drivetrain means
smooth, reliable shifting and wide range gearing.
Actual
Reduction
Basic Rate*
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£26.87
£322.49
£22.58
£270.91
Plus Disposal Fee £50.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
15
Bikes £250 +
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
Product 18. Specialized Hardrock 26” 2013
RRP £350.00 You pay from as little as £231.89**
Including Disposal Fee
Height Frame Size
The Hardrock is a solid entry level mountain
13in
5’0”-5‘3”
bike
that will happily commute during the week
15.5in
5’3“- 5‘7”
and
allow some dirty weekend fun. 21 gears
5’7“- 5‘10” 17.5in
with
optical
gear display make it easy to use no
19in
5’10“- 6‘2”
matter
what your cycling experience is.
21in
6’2”- 6’5”
Bikes £250+
Autumn/Winter
2012
12 Monthly Gross Salary Reductions of £29.25
£29.25
RRP £350.00 You pay from as little as £231.89**
Including Disposal Fee
Height
Frame Size
5’0”-5‘6”
5’6“- 5‘11”
17in
19in
The Duchess features a traditional steel frame
and forks together with Shimano 7 speed gears,
full chain guard, mudguards and inflator. The
period look is completed with the leather style
saddle, comfort grips and rattan effect basket.
Dawes heritage steel frame
Shimano 7 speed gears
Alloy V brakes
Steel mudguards
Leather look saddle
and grips
Aluminium frame
26” wheels
21 speed
Suntour suspension fork
Monthly
Gross Salary
Reduction
Product 19. Dawes Duchess
12 Monthly Gross Salary Reductions of £29.25
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£18.84
£226.04
£15.82
£189.89
£29.25
Plus Disposal Fee £35.00 + VAT (To be paid in 12 months time)
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£18.84
£226.04
£15.82
£189.89
Plus Disposal Fee £35.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
16
Folding Bikes
Product 20. Dawes Jack
Product 21. Dawes Kingpin
RRP £349.99 You pay from as little as £231.89**
RRP £399.99 You pay from as little as £264.90**
One Size
One Size
Including Disposal Fee
Folding Bikes
20” Wheels, 6 speed
Telescopic Handlebar
Mudguards and stand
Rear Carrier
Autumn/Winter
2012
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
The Dawes Jack is a lightweight and reliable entry
level folding bike that weighs just 12.9 kgs. Easy
to put up and put away, it nevertheless offers a
sturdy ride for commuter and day-tripper alike.
12 Monthly Gross Salary Reductions of £29.25
Monthly
Gross Salary
Reduction
£29.25
Including Disposal Fee
20” Wheels, 7 speed
Telescopic Handlebar
Mudguards and stand
Rear Carrier
12 Monthly Gross Salary Reductions of £33.41
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£18.84
£226.04
£15.82
£189.89
£33.41
Plus Disposal Fee £35.00 + VAT (To be paid in 12 months time)
Weighing just 12.6 kilos and with 7 speeds, the
Kingpin offers stability and durability with
lightness and compact storage. A rear rack and
integrated pump add practicality to the style.
Actual
Reduction
Basic Rate*
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£21.52
£258.19
£18.07
£216.90
Plus Disposal Fee £40.00 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
17
Folding Bikes
If you can’t see a bike you like, email us the make and model you
would like and we will source availablity and price through the scheme.
Any questions? email [email protected] or call 01252 784544
Actual savings depend on
the personal tax situation
of the individual.
Product 22. Brompton M6L 2013
RRP £935.00 You pay from as little as £618.58**
Including Disposal Fee
One Size
Brompton have evolved their componentry further
for 2013 with a new chainset, brake levers, saddle
and rims. The Brompton still remains the folding bike
to aspire to and don’t forget it’s ’Made in England’.
Choose the
bicycle you would
like to order
Fully complete the
Hire Agreement and
Order Details pages
Complete the
pre-contract
information page
Folding Bikes
Sign the Hire Agreement
witnessed by your line
manager
Autumn/Winter
2012
6 speed
Steel frame and fork
Schwalbe tyres
Extended seat post
Send your Hire
Agreement and Order Details pages
to our Freepost address or fax them
to us on 01483 811243 or scan and
email to [email protected]
12 Monthly Gross Salary Reductions of £78.00
Monthly
Gross Salary
Reduction
£78.00
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£50.23
£602.78
£42.20
£506.38
Deliveries will take place after
your employer has authorised orders.
First Payroll deductions will start
the month following submission
of your order forms.
The tables shown are an
approximation or
guideline only and the
figures may include
roundings.
If you are in any doubt
over the exact savings you
will make, please seek
independent financial
advice.
The savings indicated
assume you remain in the
scheme for the 12 month
Hire Period.
The costs indicated are for
a member of the NHS
Pension Scheme. If you are
not a member, the savings
are slightly lower.
Errors and omissions
excepted. Products, prices
and specifications are
correct at time of
publication.
Products are all subject to
availability and may
sometimes differ from the
illustrations shown.
All prices are available
while stocks last.
Lead time up to 12 weeks
for Brompton bikes.
Where products are
not available, we will
attempt to offer similar
alternatives.
Plus Disposal Fee £93.50 + VAT (To be paid in 12 months time)
All prices only valid while stocks last.
If products are not available we will try to offer similar alternatives. **Higher rate taxpayers. *Basic rate taxpayer figures are based on
income of £21,000 gross per annum. Higher rate figures are based on income of £45,000 gross per annum. Errors and omissions excepted.
Products, prices and specifications correct at time of publication. Products subject to availability and may sometimes differ from illustrations shown.
18
Accessories
Product 23. Altura Night Vision Jacket Yellow
RRP £69.99
High visibility
waterproof jacket
Fleece-lined collar
Reflective
panels & trim
Pit & back vents
Chest & rear
pockets
Waterproof zip
with storm flaps
You pay from as little as
£46.38**
Including Disposal Fee
12 Monthly
Gross Salary
Reductions of
£5.85
Monthly
Gross Salary
Reduction
£5.85
Accessories
2012
Product 24. Specialized Align Helmet
RRP £29.99
£20.48**
Including Disposal Fee
12 Monthly
Gross Salary
Reductions of
£2.60
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£3.77
£45.21
£3.16
£37.98
£2.60
Product 25. Smart Polaris Light Set
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£1.67
£20.09
£1.41
£16.88
Plus Disposal Fee £3.00 + VAT (To be paid in 12 months time)
Product 26. High Security Padlock
£23.61**
£29.87**
Including Disposal Fee
12 Monthly
Gross Salary
Reductions of
£2.99
£2.99
Lock Pack with
Shackle and Cable
You pay from as little as
Including Disposal Fee
Monthly
Gross Salary
Reduction
One Size System. Available in red & white, black, blue,
silver or white. Unless specified, black will be supplied.
Total
Payment
Basic Rate*
RRP £44.99
You pay from as little as
12 Monthly
Gross Salary
Reductions of
£3.77
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£1.93
£23.11
£1.62
£19.41
£3.77
Plus Disposal Fee £3.50 + VAT (To be paid in 12 months time)
The tables shown are an
approximation or guideline only and the figures
may include roundings.
The savings indicated
assume you remain in the
scheme for the 12 month
Hire Period.
Actual
Reduction
Basic Rate
Taxpayer*
RRP £34.99
Actual savings depend on
the personal tax situation
of the individual.
If you are in any doubt
over the exact savings you
will make, please seek
independent financial
advice.
You pay from as little as
Actual
Reduction
Basic Rate
Taxpayer*
Plus Disposal Fee £7.00 + VAT (To be paid in 12 months time)
Autumn/Winter
Any questions? email [email protected]
or call 01252 784544
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£2.43
£29.13
£2.04
£24.47
Plus Disposal Fee £4.50 + VAT (To be paid in 12 months time)
The costs indicated are for
a member of the NHS
Pension Scheme. If you are
not a member, the savings
are slightly lower.
Errors and omissions
excepted. Products, prices
and specifications are
correct at time of
publication.
Products are all subject to
availability and may
sometimes differ from the
illustrations shown.
All prices are available
while stocks last.
Where products are
not available, we will
attempt to offer similar
alternatives.
*Basic Rate Taxpayer
figures based on
earnings of £21,000 Gross
per annum.Higher rate
Taxpayer figures based on
earnings of £45,000 gross
per annum.
**Higher Rate Taxpayer
19
Accessories
Any questions? email [email protected]
or call 01252 784544
Product 27. Altura Night Vision Over-trousers
RRP £59.99
You pay from as little as
£40.11**
Including Disposal Fee
A waterproof and breathable fabric,
loads of reflective trim and a host of
innovative features ensures the Night
Vision remains the most popular
commuter over trousers.
Waterproof, breathable
and durable. Critically positioned
highly reflective trim
12 Monthly
Gross Salary
Reductions of
£5.07
Monthly
Gross Salary
Reduction
Accessories
£5.07
Autumn/Winter
2012
Cycle specific multi panel cut.
3 stage adjustable leg length.
Easy entry zipped lower leg.
The tables shown are an
approximation or guideline only and the figures
may include roundings.
Product 28. Mudguards
RRP £29.99
If you are in any doubt
over the exact savings you
will make, please seek
independent financial
advice.
You pay from as little as
£20.48**
Including Disposal Fee
The savings indicated
assume you remain in the
scheme for the 12 month
Hire Period.
12 Monthly
Gross Salary
Reductions of
£2.60
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£3.27
£39.18
£2.74
£32.91
£2.60
Road or mountain bike
mudguards supplied
as appropriate.
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£1.67
£20.09
£1.41
£16.88
Plus Disposal Fee £6.00 + VAT (To be paid in 12 months time)
Plus Disposal Fee £3.00 + VAT (To be paid in 12 months time)
Product 29. Luggage Rack
Product 30. Specialized Air Tool frame Fit Pump
RRP £29.99
RRP £19.99
£20.48**
£13.37**
You pay from as little as
You pay from as little as
Including Disposal Fee
Including Disposal Fee
Monthly
Gross Salary
Reduction
£2.60
Mountain bike
or road specific
pump, attaches
to bottle cage
bosses
12 Monthly
Gross Salary
For Hybrid Reductions of
and Road Bikes £1.69
12 Monthly
Gross Salary
Reductions of
£2.60
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
Monthly
Gross Salary
Reduction
£1.67
£20.09
£1.41
£16.88
£1.69
Plus Disposal Fee £3.00 + VAT (To be paid in 12 months time)
Actual savings depend on
the personal tax situation
of the individual.
Actual
Reduction
Basic Rate
Taxpayer*
Total
Payment
Basic Rate*
Actual
Reduction
Higher Rate
Taxpayer*
Total
Payment
Higher Rate*
£1.09
£13.06
£0.91
£10.97
Plus Disposal Fee £2.00 + VAT (To be paid in 12 months time)
The costs indicated are for
a member of the NHS
Pension Scheme. If you are
not a member, the savings
are slightly lower.
Errors and omissions
excepted. Products, prices
and specifications are
correct at time of
publication.
Products are all subject to
availability and may
sometimes differ from the
illustrations shown.
All prices are available
while stocks last.
Where products are
not available, we will
attempt to offer similar
alternatives.
*Basic Rate Taxpayer
figures based on
earnings of £21,000 Gross
per annum.Higher rate
Taxpayer figures based on
earnings of £45,000 gross
per annum.
**Higher Rate Taxpayer
20
Frequently Asked Questions
Autumn/Winter
2012
Frequently Asked
Questions
Why is my employer running the scheme?
Your employer is running the scheme as part of the Government’s
Green Travel Plan, to encourage employees to ride a bicycle to work
and aid in reducing congestion and environmental pollution.
How does the scheme work?
The scheme allows your employer to loan cycling and safety equipment to their employees in return for a reduction in salary (salary
sacrifice) over a twelve month period (or the remaining term of your
contract if fixed term). The bicycle must be used mainly (over 50% of its
usage) for qualifying journeys. Qualifying journeys include commuting
between the employee’s home and workplace, or part of those
journeys, or for journeys between one workplace and another. There is
no requirement for employees to keep a record of work journeys, but if
they do not use the bicycle mainly for qualifying journeys, they may
lose the benefit of the tax exemption. The bicycle can also be used for
recreational purposes and by any member of the family.
Will the scheme be offered again in the future?
Your employer will gauge response to the current scheme before
deciding whether to run the scheme again in the future. It is recommended that employees order a bicycle now if considering taking
advantage of a ‘tax efficient’ bicycle, as it cannot be guaranteed that
the scheme will be offered again. It is also a possibility that the
Government will revoke this initiative in a future Budget without prior
notice, hence the scheme may only be available for a limited period.
Am I eligible to order a bicycle?
The salary sacrifice scheme is open to all staff on the PAYE payroll
of a participating employer (excluding zero hours Bank Staff )
where salary does not go below the National Minimum Wage
after the salary sacrifice has been applied. If you are impacted by
National Minimum Wage please contact Bikes for the NHS for an
alternative option.
Any questions? email [email protected] or call 01252 784544
Can I order more than one bicycle
through the scheme?
Employees can order up to two bicycles through the scheme where for example
the employee needs a bicycle at either end of a train journey between their home
and place of work. The combined total value cannot exceed £1000 over 12 months.
A separate Hire Agreement form must be fully completed for each bicycle ordered.
How does salary sacrifice work?
A salary sacrifice is where an employee gives up the right to receive part of their
cash pay due under their contract of employment. In the case of the Cycle to Work
Scheme the employee agrees to accept a lower amount of salary in return for the
employer to provide the loan of a bicycle or cyclists safety equipment. The monthly
Gross Salary reductions and Disposal Fee deduction at the end of the scheme will
be made direct from salary through Payroll, starting in the month detailed on the
back page of the brochure.
Can I top up and pay the balance personally if I want to
loan a bicycle over £1000?
No. The maximum bicycle value is £1000 and no top ups are permitted. As your
employer is working under a Group Consumer Credit Licence, goods acquired
cannot exceed £1000 due to dual ownership issues and possible benefit in kind
implications.
Will I own the bicycle?
No. The Cycle to Work Scheme is a loan rather than a purchase scheme. If you have
any queries about what happens after the loan period has finished please contact
Bikes for the NHS.
How much will I actually pay for a bicycle through the
scheme, after the tax savings?
Payslips will show the Gross Salary reduction for the bicycle package, but this
figure is then subject to savings on Income Tax and National Insurance contributions. Actual savings depend on your individual tax situation.
What is the Disposal Fee for?
The Disposal Fee is the charge for the collection and disposal of the bicycle at the
end of the loan period. Bicycles may be sold for a Fair Market Value at the end of
the loan period under a separate agreement, although this cannot be guaranteed.
To date where bikes have been sold under a separate agreement after the loan
period has finished no bike has been valued at more than the Disposal Fee. If you
have any queries about what happens after the loan scheme has finished please
contact Bikes for the NHS.
21
Frequently Asked Questions
Autumn/Winter
2012
Frequently Asked
Questions
How do I order a bicycle?
To order a bicycle through the scheme, you need to follow the ‘How to Order’
flowchart, read the terms and conditions and then print off, fully complete and
return both the Hire Agreement form and Order Details form. The Hire Agreement
form must be countersigned by a witness, who must also be an employee of your
organisation (line manager).
Can I order a different bicycle to those shown in
the brochure?
Over 160 makes and model of bicycle can be supplied by mail order or through local
bicycle shops. You can ask Bikes for the NHS to quote you a price on any bicycle or
simply visit your participating local bicycle shop. Note that if a local bike shop you
would like to use is not listed on the participating bike shop list, you can nominate
for it to be included by contacting Bikes for the NHS.
If I order a mail order bicycle can I exchange it if I order the
wrong frame size, don’t like the bicycle I ordered or change
my mind once I have received it?
You can exchange the bicycle ordered through mail order after receiving it, but only
if the bicycle is in brand new condition, has not been used and is repackaged
securely in the original packaging. You will be charged an additional £50 fee to
cover collection of the first choice bicycle and delivery of a new bicycle. To avoid this
fee, it is important that you order the correct frame size and ask for advice when
contacted to arrange delivery if there are any concerns.
When will I receive my bicycle?
You will be contacted to arrange delivery (if ordered by mail order) or collection (if
ordered through a local bicycle shop) after your employer has authorised orders.
This is usually within 4 weeks of submitting an order.
When do the payroll deductions start?
If your employer is offering an order window, payroll deductions will commence
from the month detailed on the back page of the brochure. If you employer is
offering a rolling order window, where you can order at any time, payroll deductions
will start the month following submission of your order forms. Note that deductions
will start as stated, regardless of whether you have received your bike or not.
Who needs to countersign/witness the
Hire Agreement?
A representative of your organisation must countersign/witness the Hire
Agreement. They must be a fellow employee (line manager).
Do I have to give all details requested on the Hire
Agreement/Order Details forms?
It is important that you complete both the Hire Agreement form and Order
Details form in full, providing all personal information requested, to aid in
identification through the authorisation process.
What figures do I need to fill in on the
Hire Agreement form?
The Hire Agreement form must be completed in full. You must include the
Gross Salary Reduction figure (NOT the actual reduction from Take Home
Pay figure) and the Disposal Fee + VAT figure.
Do I need to provide my home address or
the delivery address?
The Hire Agreement form must show the home address in the Hirer
(employee) box. The Order Details form must show the delivery address of
where employees would like the bicycle delivered to if ordered from the
brochure. Your employer has requested that bicycles are not delivered to
work addresses.
PLEASE DO NOT REQUEST BICYCLES TO BE
DELIVERED TO WORK ADDRESSES.
Where do I return the completed Hire Agreement
form and Order Details form to?
The completed Hire Agreement form and Order Details form can either be
faxed to 01483 811243 or scanned and emailed to [email protected] or
posted to the following freepost address:
FREEPOST RRAK-LLCA-TKYE
SME HCI Ltd
The Studio, Hunts Hill House
Hunts Hill Road, Guildford
Surrey. GU3 2AH
Any questions?
email [email protected]
or call 01252 784544
22
The Rules
Ordering & Delivery
TO APPLY FOR THIS EMPLOYEE BENEFIT, THERE
ARE A FEW RULES THAT APPLY. THEY ARE:
The scheme is open to all staff
on PAYE payroll (excluding zero hours bank contract).
You must be over 18 years old or you need to
have an advocate sign the Hire Agreement.
The salary deductions cannot take you
below the National Minimum Wage.*
The Rules
The bicycle remains the property of your employer’s
leasing company for the 12 month period.
Autumn/Winter
2012
If you leave your employer for any reason during the
12 month period, you will be required to pay any
outstanding amounts and the Disposal Fee.
This total amount will be taken from your final net
salary and is not subject to any tax-free benefit.
*If you are impacted by the National Minimum Wage
please contact Bikes for the NHS for an alternative option
Choose the
bicycle you would
like to order
Fully complete the
Hire Agreement and
Order Details pages
Complete the
pre-contract
information page
Sign the Hire Agreement
witnessed by your line
manager
Send your Hire
Agreement and Order Details pages
to our Freepost address or fax them
to us on 01483 811243 or scan and
email to [email protected]
Closing date for receipt of your Order Form is:
th
7 DECEMBER 2012
Deliveries will take place after your employer has authorised orders
First Payroll deductions will start in:
Any questions?
email [email protected]
or call 01252 784 544
JANUARY 2013
23
01252 784544
or call
[email protected]
Email:
Any Questions?
FREEPOST RRAK-LLCA-TKYE
SME HCI Ltd
The Studio, Hunts Hill House
Hunts Hill Road
Guildford
Surrey
GU3 2AH
5. Send the Hire Agreement and Order Details pages to the freepost
address below or fax them to 01483 811243 or email them to
[email protected]
4. Sign the Hire Agreement witnessed by your line manager
3. Fully complete the Hire Agreement and Order Details pages
2. Complete the Pre Contract Information page (Keep this page)
1. Read the brochure and the terms and conditions
to order your brand new tax free bicycle
5 simple steps
Tax Free Bike Scheme
Order Form
AND
Address:
Mens/Womens
Your
Hire Deduction
QTY
Product
Number
.
.
.
.
.
.
.
.
.
Monthly Gross
Salary Reduction
.
£
TOTAL MONTHLY GROSS
SALARY REDUCTION
£
£
£
£
£
£
£
£
£
.
.
.
.
.
.
.
.
.
Disposal Fee
ex VAT*
.
£
TOTAL DISPOSAL FEE
ex VAT*
£
£
£
£
£
£
£
£
£
Disposal Fee
ex VAT*
The Consumer Credit Act 1974 covers this agreement and lays down certain requirements for your protection, which should have been complied
with when the agreement is made. If they are not, the owner cannot enforce the agreement against you without a court order. If you would like to
know more about the protection and remedies provided under the Act, contact either your local Trading Standards Department or your nearest
Citizens’ Advice Bureau.
*VAT will be added at the appropriate rate at the end of the Hire Period
IMPORTANT - READ THIS CAREFULLY TO FIND OUT ABOUT YOUR RIGHTS
Missing deductions could have severe consequences and may make obtaining credit more difficult.
MISSING DEDUCTIONS
THIS AGREEMENT IS NOT CANCELLABLE BY YOU.
The section titled “Insurance” of the Terms and Conditions, oblige you to insure the product with your insurer.
The Terms and Conditions detail potential liabilities due to damage or loss of the goods; Section “Your General Obligations”.
Under this Agreement there are potential liabilities upon default of terms as detailed in the attached Terms and Conditions; Sections “Ordering
and Delivery”, “Insurance”, “Your Default”, “Your Liability on Termination”.
KEY INFORMATION:
Under this Agreement you are liable for any repair costs should the equipment become damaged or defective and is not covered by the Warranty
supplied. This is detailed in the Terms and Conditions section “Damage and Defect Repairs”.
If your employment were to terminate during the agreement period, then in such an event you will be obliged to pay all outstanding amounts due
under the terms of this Agreement. There is an administrative charge applicable in certain circumstances upon Termination. All conditions are
detailed in sections titled “Termination of Employment” and “Your Liability on Termination” of the attached Terms and Conditions. Any settlement
of outstanding amounts will be automatically deducted from your final net salary. Should there be insufficient funds in your salary, the outstanding
balance will be payable by you, by cheque.
Your Hire Deduction is calculated by
adding together all of the monthly
Gross Salary reduction figures for the
items you wish to order
Product 31. Specialized Air Tool Frame Fit Pump
Product 29. Luggage Rack
Product 28. Mudguards
Product 27. Altura Night Vision Over Trousers
Product 26. High Security Padlock
Product 25. Smart Polaris Light Set
Product 24. Specialized Align Helmet (One Size)
Product 23. Altura Night Vision Jacket Yellow
MAIL ORDER BROCHURE ACCESSORIES ONLY
Frame Size
Description of Bicycle
Monthly Gross
Salary Reduction
Organisation (Employer) Name:
KEY FINANCIAL INFORMATION: Duration of Hire: 12 months
Address:
Hirer (Employee) Name:
PARTIES TO THIS AGREEMENT:
Pre Contract Information
Regulated by the Consumer Credit Act 1974
AND
Address:
Mens/Womens
Your
Hire Deduction
QTY
Product
Number
.
.
.
.
.
.
.
.
.
Monthly Gross
Salary Reduction
.
£
TOTAL MONTHLY GROSS
SALARY REDUCTION
£
£
£
£
£
£
£
£
£
.
.
.
.
.
.
.
.
.
Disposal Fee
ex VAT*
.
£
TOTAL DISPOSAL FEE
ex VAT*
£
£
£
£
£
£
£
£
£
Disposal Fee
ex VAT*
Date(s) of Signature(s)
Date(s) of Signature(s)
Signature(s) of Hirer(s)
Signature of Line Manager on behalf of your employer
This is a Hire Agreement regulated by the Consumer Credit Act 1974. Sign it only if you want to be legally bound by its terms.
The Consumer Credit Act 1974 covers this agreement and lays down certain requirements for your protection, which should have been complied
with when the agreement is made. If they are not, the owner cannot enforce the agreement against you without a court order. If you would like to
know more about the protection and remedies provided under the Act, contact either your local Trading Standards Department or your nearest
Citizens’ Advice Bureau.
*VAT will be added at the appropriate rate at the end of the Hire Period
IMPORTANT - READ THIS CAREFULLY TO FIND OUT ABOUT YOUR RIGHTS
Missing deductions could have severe consequences and may make obtaining credit more difficult.
MISSING DEDUCTIONS
THIS AGREEMENT IS NOT CANCELLABLE BY YOU.
The section titled “Insurance” of the Terms and Conditions, oblige you to insure the product with your insurer.
The Terms and Conditions detail potential liabilities due to damage or loss of the goods; Section “Your General Obligations”.
Under this Agreement there are potential liabilities upon default of terms as detailed in the attached Terms and Conditions; Sections “Ordering
and Delivery”, “Insurance”, “Your Default”, “Your Liability on Termination”.
KEY INFORMATION:
Under this Agreement you are liable for any repair costs should the equipment become damaged or defective and is not covered by the Warranty
supplied. This is detailed in the Terms and Conditions section “Damage and Defect Repairs”.
If your employment were to terminate during the agreement period, then in such an event you will be obliged to pay all outstanding amounts due
under the terms of this Agreement. There is an administrative charge applicable in certain circumstances upon Termination. All conditions are
detailed in sections titled “Termination of Employment” and “Your Liability on Termination” of the attached Terms and Conditions. Any settlement
of outstanding amounts will be automatically deducted from your final net salary. Should there be insufficient funds in your salary, the outstanding
balance will be payable by you, by cheque.
Your Hire Deduction is calculated by
adding together all of the monthly
Gross Salary reduction figures for the
items you wish to order
Product 30. Specialized Air Tool Frame Fit Pump
Product 29. Luggage Rack
Product 28. Mudguards
Product 27. Altura Night Vision Over Trousers
Product 26. High Security Padlock
Product 25. Smart Polaris Light Set
Product 24. Specialized Align Helmet (One Size)
Product 23. Altura Night Vision Jacket Yellow
MAIL ORDER BROCHURE ACCESSORIES ONLY
Frame Size
Description of Bicycle
Monthly Gross
Salary Reduction
Organisation (Employer) Name:
KEY FINANCIAL INFORMATION: Duration of Hire: 12 months
Address:
Hirer (Employee) Name:
PARTIES TO THIS AGREEMENT:
Hire Agreement
Regulated by the Consumer Credit Act 1974
/
/
First
name
Tel (Eve)
Monthly or Weekly paid? (Please delete as appropriate)
Place of Work
Surname
Monthly
National Insurance No
/
Weekly
OR FAX ON 01483 811243
ADDRESS TO SEND YOUR ORDER FORM TO:
FREEPOST RRAK-LLCA-TKYE
SME HCI Ltd
The Studio, Hunts Hill House
Hunts Hill Road
Guildford
Surrey GU3 2AH
YOUR SIGNATURE
By signing the Hire Agreement you agree that:
(a) You have read and understood the terms of the Agreement including those set out in the Terms and Conditions attached, including
the impact on maternity pay during the duration of the scheme and you understand that if you become pregnant whilst participating in
the salary sacrifice agreement this will affect your maternity pay.
(b) You agree to a revised gross salary plus your chosen product.
(c) Your order will be subject to acceptance by your employer and your employer has the sole decision whether or not to accept and
proceed with your order.
(d) If your form is not received by the closing date, your order will not be processed.
(e) The counter signature is required solely to confirm that the signatory is an employee and is required to comply with current “Hire
Agreement” legislation.
IMPORTANT - CONTRACT OF EMPLOYMENT CHANGES
Under the Hire Agreement, you and your employer agree to a variation in your contract of employment under which your remuneration
will be varied as follows:
(a) as an additional benefit, the bicycle chosen by you as selected in the “Description of Goods” section, will be hired for use by you;
and
(b) your gross salary will, unless otherwise stated under terms of the Agreement, be adjusted by the amount stated in the Agreement so
that you are only entitled to be paid the salary as so adjusted.
WHAT HAPPENS IF YOU MISS A DEDUCTION
Your salary will be reduced for the duration of this Hire Agreement, which means you will not miss any deductions. The Terms and
Conditions that accompany the Agreement detail deduction arrangements that cover you taking an agreed leave due to situations such
as Maternity, Paternity or Sickness leave.
WITHDRAWING FROM THE TAX FREE CYCLING SCHEME
On signing the Hire Agreement, your employer has agreed that you will have a 7 day period in which you can withdraw from the
scheme, whilst your order is processed.
TERMS AND CONDITIONS
The Hire Agreement is covered by the attached Terms and Conditions that your employer has applied to your Terms of Employment
on participating in the Tax Free Cycling Scheme.
YOUR EMPLOYER HAS REQUESTED THAT BICYCLES ARE NOT DELIVERED TO WORK ADDRESSES.
PLEASE DO NOT GIVE A WORK ADDRESS FOR DELIVERY OF YOUR BICYCLE.
COLLECTION/DELIVERY
Collection/delivery will usually take place within 4 weeks of the closing date of the scheme and will be arranged directly with you by
the bike supplier.
E-mail
Tel (Day)
Postcode
Delivery
Address
Date of Birth
Title
Empl No.
Employee Details (The ‘Hirer’)
Order Details
The term ‘Organisation’ refers to your employer.
Other Unpaid Leave
If for any reason you take unpaid leave during the term of this Agreement, other than leave
relating to “life events”, then the monthly reductions will be suspended for the period of
such unpaid leave. On your return, the Organisation will recommence the monthly
reductions from where they stopped when you left on leave and extend the period of loan
accordingly.
If a change in your circumstances prevents you from continuing with the salary sacrifice
under this agreement, the Organisation will discuss with you ways in which the financial
commitment can continue to be met.
Maternity Pay Calculation
Your maternity pay is calculated on your “average weekly earnings” during weeks 17-25 of
your pregnancy. For the purpose of calculating your maternity/ pay your lower salary (after
all salary sacrifice deductions) will be used. This will have a direct impact on your level of
maternity pay.
In the event of a “Life Event” where your salary decreases or stops altogether, the
Organisation will review the agreement with you and decide with you the appropriate
course of action. This could be, but is not limited to:
a new agreement being put in place to defer the salary sacrifice;
•
•
giving you the option of opting out of the agreement and paying any outstanding
balance;
•
continuing to provide the benefit.
UNPAID LEAVE
Life Events
Events such as Maternity Leave and Sick Leave are defned as “Life Events” by the
Organisation and are evaluated on a case by case basis.
Employment Benefits
This agreement may affect those benefits linked to salary such as Maternity Pay, Sickness
Pay and NHS Pension Scheme.
Salary Sacrifice
By signing this agreement you should be aware that you waive your rights to automatically
return to your original salary at the end of the Hire Term. However, the Organisation can
confirm that your salary, at the end of the agreement period, will increase by the amount of
your former salary sacrifice.
ADJUSTMENT TO REMUNERATION PACKAGE
You agree that your gross salary will be reduced as stated in this Agreement for the
months stated in this Agreement, and that your remuneration will include the loan of the
Bicycle to you.
Costs of repossession
If you fail to return the Bicycle when obliged, we may repossess the Bicycle, and you shall
pay all costs and expenses reasonably and properly incurred by the Organisation or it’s
agents in searching for and repossessing the Bicycle.
Condition of return
When the Bicycle is returned, it should be in a condition consistent with your performance
of this Agreement, and in good working order, fair wear and tear excepted.
RETURN OF THE GOODS
Obligation to return goods
At the end of the 12 month Hire Agreement period your right to possession of the Bicycle
shall cease and you then pay the Disposal Fee for the Bicycle. At this point, you will return
the Bicycle . Bicycles may be sold for a fair market value under a separate agreement after
the loan scheme has finished, although this cannot be guaranteed.
END OF HIRE AGREEMENT
At the end of the 12 month agreement, you pay the “Disposal Fee” from your net pay.
OWNERSHIP
The Bicycle shall remain the property of the Organisation (or the Organisation’s leasing
company) until the end of the loan period.
LOAN
The Organisation is letting and you are taking loan of the Bicycle on the terms and
conditions set out in this Agreement including this Schedule. We reserve the right, but do
not bind ourselves, to unilaterally replace the Bicycle wholly or in part with equivalent
goods on due notice of variation. The loan period of the Bicycle will be 12 months (unless
extended as covered elsewhere in this Agreement)
ELIGIBILITY
a) You must be over 18 years of age or you will need to have an advocate sign the Hire
Agreement.
b) You must be a member of staff on PAYE payroll (except zero hours Bank Staff).
c) The Salary Sacrifice cannot take you below the National Minimum Wage.
1 of 2
WARRANTY
Manufacturer’s Warranty
The Bicycle will be supplied with the benefit of a manufacturers warranty as stated
in the description of the Bicycle. You should complete and return immediately any
registration card or other form, or carry out any other action required to validate
such warranty.
Inspection
You must inspect and test the Bicycle as soon as you receive it and notify us
promptly of any defects or other problems with the Bicycle. If you do not notify us
within 7 days of receiving the Bicycle, the Bicycle will be assumed to have been
delivered free from any defects or problems that you could have discovered by
reasonable inspection and operation of the Bicycle within such 7 day period.
Delays
The Organisation will not be liable for any delay in supplying the Bicycle to you or
for failing to supply the Bicycle at all, if that delay or failure is due to any event or
circumstance beyond our reasonable control. This includes where the
Organisation cannot get supplies of the Bicycle. If we are unable to obtain the
Bicycle, then we may cancel this Agreement without any liability to you.
Confirmation of Receipt
When the Bicycle is delivered to you or collected by you, you must sign the
necessary documentation to confirm receipt of the Bicycle. If there are any items
missing when the Bicycle is delivered according to the courier’s paperwork or if
there is any damage to the packaging, you must clearly write this on the courier’s
documentation.
Receipt of the Package
You must ensure that someone is available to receive the Bicycle on the agreed
delivery date. You may be required to arrange separately with the courier for redelivery.
Place of Delivery
The Bicycle will be delivered to the address as stated in this Agreement.
Delivery Time
You will be contacted to arrange delivery (if by mail order) or collection (if from
local b ke shop) of the Bicycle after orders have been authorised by the
Organisation. This is usually within four weeks of receipt of order.
Mail Order Bike Exchange
You can exchange the bicycle ordered through mail order after receiving it, but
only if the bicycle is in brand new condition, has not been used and is repackaged
securely in the original packaging. You will be charged an additional £50 fee to
cover collection of the first choice bicycle and delivery of a new bicycle. To avoid
this fee, it is important that you order the correct frame size and ask for advice
when contacted to arrange delivery if there are any concerns.
The maximum value of equipment (bicycle and/or accessories) which can be
acquired is £1000 and no top ups are permitted. Hence personal funds cannot be
used to top up for equipment exceeding £1000 in value.
If ordered through the mail order facility the Bicycle can be delivered to you.
Deliveries will take place at an unspecified time between 8am - 6pm on a day
arranged with you (Monday to Friday only). If ordered through a local bike shop
you will need to collect the Bicycle direct from the shop personally.
ORDERING AND DELIVERY
Ordering
The Organisation will have the sole decision whether or not to accept and
proceed with your order. All orders need to be completed and received by the
closing date or your order will not be processed.
New members on or after 1st April 2008
If you are in the last 10 years of employment before retirement and are a member
of the New NHS Pension Scheme 2008 section, taking part in the scheme may
have an effect on your NHS Pension benefits, depending if/when you plan to wind
down your commitment and earnings in your last years of employment. Upon
retirement, NHS Pension benefits are calculated on the average of the best three
consecutive year’s Pensionable Pay in the last ten years of working. As your
Pensionable Pay will decrease by the amount of the Salary Sacrifice, this may
have an effect on your benefits.
NHS Pension Scheme
Members prior to 1st April 2008
If you are in the last 3 years of employment before retirement and are a member
of the NHS Pension Scheme 1995 section, taking part in the scheme will have an
effect on your NHS Pension benefits and the Organisation would advise against
joining the scheme. Upon retirement, NHS Pension benefits are calculated on the
best of the last 3 years Pensionable Pay. As your Pensionable Pay will decrease
by the amount of the Salary Sacrifice, this will have an effect on your benefits if
you retire during or soon after the scheme.
If you wish to participate in the Cycle to Work Scheme, you must sign the Hire Agreement which varies the terms of your contract of employment with the
Organisation. This will be taken as confirmation that you have read and understood all of the terms of the Agreement and that you accept the changes to the
terms and conditions of your employment contract. The changes required by your participation in the Cycle to Work Scheme will mean that your level of annual
salary will be reduced by the sum shown on your Hire Agreement and that you will be loaned a bicycle and cyclists safety equipment.
Terms & Conditions 1
Warranty Claims
If the Bicycle or any part of it shall malfunction, manifest any defect, or be
damaged, and this is covered by a manufacturer warranty or guarantee provided
in respect of the Bicycle, or your statutory rights, then you shall promptly make a
claim under such warranty or guarantee and arrange for the Bicycle to be
corrected and repaired by contacting the supplier or manufacturer. For the
avoidance of doubt, you will not be responsible if such malfunction, defect or
damage that fails to be corrected under any warranty, guarantee or statutory right,
and the supplier or manufacturer fails to carry out such correction.
No Dealings
You shall not sell, assign, transfer, loan, or sub-let the Bicycle, or any interest in it.
You must keep the Bicycle free from all liens and distraints, and of any
attachments by a bailiff or other officer of the court.
Insurance
You are liable to maintain the deductions for your Bicycle if it is damaged beyond
repair, lost, stolen and such other risks usually covered by insurance if you haven’t
taken out adequate Insurance loss cover. You agree to notify your chosen insurer
that you are in possession of third party property, which is to be adequately
covered by your policy. The Organisation may at any time request proof that your
insurers have received and agreed to such notification.
Location
You will remain responsible for the Bicycle at all times, regardless of if it is used by
another member of your family or located outside the postal address specified in
this Agreement. If you are moving home, then you should notify us of the new
postal address and we will permit you to move the Bicycle to that new address.
Inspection
You shall allow the Organisation to inspect the Bicycle at all times.
Notice of Loss and Damage
You shall immediately give notice in writing to the Organisation of the happening
of any theft or loss of, or damage to, the Bicycle.
Damage, Loss and Repair
You shall be responsible for all theft and loss of or damage to the Bicycle, from the
moment you receive the Bicycle, unless due to our negligence, or due to any
defect in the Bicycle.
Title to exchanges
All parts or components of the Bicycle installed or added by way of replacement
shall upon installation become the property of the Organisation and become
subject to this Agreement. All parts or components removed shall remain the
property of the Organisation.
Permitted alterations to the Bicycle
You can modify or alter the Bicycle, but you should note that this may invalidate or
affect any warranty or guarantee provided with the Bicycle, and you should check
the terms of such warranty or guarantee before doing so.
Permitted uses of the Bicycle
The Bicycle is supplied to encourage you to ride to work and aid in reducing
congestion and pollution. The bicycle must be used mainly (more than 50% of its
usage) for commuting to work, although there is no requirement for you to keep a
record of work journeys. However, if you do not use the bicycle for its intended
purpose you may lose the benefit of the tax exemption. The Bicycle can also be
used for recreational use as you wish and be used by other members of your
family.
Care of the Bicycle
You must take reasonable care of the Bicycle, use the Bicycle properly and safely.
You shall not allow the Bicycle to become in our opinion in jeopardy. You must use
the Bicycle in accordance with any operating instructions issued by the
manufacturer.
YOUR GENERAL OBLIGATIONS
Deduction of amounts due
Where any amounts become payable by you under this Agreement, you agree to
pay all such amounts punctually at the times stated in this Agreement. All
deductions shall be made without previous demand and to no one but us. You
agree that all amounts due under this Agreement will be paid by reduction in your
salary. You must pay VAT at the rate from time to time in force on each hire
deduction payable under this Agreement
Peripherals or Other Goods
The Organisation shall have no liability for any additional items or other goods
purchased separately by you from any supplier introduced by the
Organisation, and your agreement for them is solely with that supplier.
Statutory Rights
Your statutory rights are not affected by this agreement.
Terms & Conditions 2
2 of 2 2
This payment will be deducted from your net, not gross, final salary because when
you leave this scheme, you are no longer able to receive the tax benefits of this
Agreement.
YOUR LIABILITY ON TERMINATION
If the Agreement is terminated, you shall become liable to pay the Organisation the
following amount by such time as the Organisation may specify by due notice to
you:The amount stated as the total hire deductions of the Package under this
Agreement LESS the amount of all salary reductions applied up to the date of
termination under this Agreement PLUS an administrative charge equal to the
disposal fee. You will also be liable for any damages for breach of this Agreement.
TERMINATION OF EMPLOYMENT
If your employment terminates with the Organisation for any reason whatsoever,
then in such event you shall be obliged to pay to us the amount set out in the section
titled “Your Liability on Termination”. We shall deduct this amount from your net final
salary, and if this is insufficient, you must pay the shortfall by cheque within 7 days
of leaving the Organisation
Law
English law governs this Agreement and the parties submit to the exclusive
jurisdiction of the English Courts.
Third Party Rights
A person who is not a party to this Agreement has no right under the Contracts
(Right of Third Parties) Act 1999 to enforce any term of this Agreement.
Waiver
Any waiver or indulgence by the Organisation or failure of the Organisation to
enforce its rights (whether by oversight or otherwise) shall not affect our right to rely
subsequently on the terms of this Agreement.
Assignment
You shall not assign or transfer this Agreement or the benefit of this Agreement
without our prior written consent.
GENERAL
No Security
We shall not ask for any security from you personally to cover this Agreement.
Termination and repayment
If:
(a) you fail to take such action specified in our default notice, by the date stated; or
(b) your breach is not capable of remedy, and the Organisation have not asked for
monetary compensation instead, and a period of 7 days has passed after serving
the notice on you, you will be considered to be in repudiatory breach of this
Agreement, your right to possession of the Package shall cease, and the
Organisation shall be entitled to terminate this Agreement.
Default remedied by you
If you take such action or pay such sum as is specified in our default notice, the
breach will be treated as not having occurred.
Contents of Default Notice
If your breach is capable of remedy, the Organisation will specify in any default
notice the action the Organisation requires you take to remedy the breach, and the
date by which you must take that action, which will be at least seven days after the
Organisation serves the default notice on you. If the breach is not capable of
remedy, the Organisation may at its option specify a reasonable sum to be paid by
you as compensation for the breach, and the date by which it is to be paid.
YOUR DEFAULT
Default Events
The Organisation may serve a notice of default on you if:
(a) you fail to pay any amounts owing under this Agreement within seven (7) days of
the due date;
(b) you have provided any information or facts to us which prove incomplete,
materially inaccurate or misleading; or
(c) you commit any other breach of your obligations under this Agreement (however
minor)
Total Loss
If the Bicycle is damaged beyond economic repair or is lost, stolen, seized or
confiscated or comprises a total loss or a constructive or agreed total loss, you shall
immediately inform the Organisation, and the Organisation shall be entitled to
terminate this Agreement, in which case you shall on demand pay to the
Organisation the amount specified in the section titled “Your Liability on
Termination”, by such time as the Organisation may specify in a notice to you. Such
amount may be deducted from your salary.
Damage and Defect Repairs
If the Bicycle becomes damaged or defective, and such damage or defect is not
covered by Warranty Claims, then, if such damage or defect is economically
repairable, you shall promptly arrange for the Bicycle to be collected and repaired at
your cost by contacting such persons as we may specify to you.