The 2017 Co-op Bike Scheme is now open and you’ve got until Friday 7 July to take part.
Working with Halfords we’re offering Co-op colleagues a wide selection of bikes – with savings of up to 42%* on the cost of a bike and safety accessories.
To find out more and apply, visit the Bike Scheme page on the Benefits website.
If you want to apply and haven’t registered on the Benefits site before, have your employee number and National Insurance number handy.
If you need help registering or don’t have online access, call the helpline on 0330 100 2313, 8am to 6pm Monday to Friday. They’ll be happy to help.
How you save money
- Bike Scheme savings come through salary sacrifice, which means you agree to give up part of your salary in exchange for a non-cash benefit – in this case the loan of a bike and safety accessories.
- You make the savings by not having to pay tax or National Insurance contributions on the salary you sacrifice. This means an agreed change to your terms and conditions of employment so the bike must be used by you, mostly to cycle all or part of your journey to work.
Colleagues leaving the business (including by TUPE transfer) will need to re-pay their loan in full and won’t be able to benefit from any savings on the outstanding balance.
There are some great bikes available, so register now to get fitter, help cut down CO2 emissions and save yourself some money.
* actual savings depend on the rate of income tax you pay.