The Cycle2Work scheme is now open.
The popular Cycle2Work scheme is a Government tax exemption benefit introduced to promote healthier journeys to work.
Rhondda Cynon Taf Council is signed up to the Halfords Cycle2Work scheme which means you can gain access to a new bicycle and safety equipment whilst making savings of up to 32.25% (basic rate taxpayer) or 43.25% (higher rate taxpayer) on a new bike and safety accessories through income tax and National Insurance Contributions (“NIC”) savings.
This means you'll save money compared to purchasing a new bike outright. What's more, by paying for this monthly from your salary, over a period of 12 months, you'll hardly notice the cost – this is called a salary sacrifice.
The maximum order value of the bicycle and safety equipment is £2,000 and eligible staff have the option of either obtaining a bicycle through Halfords or from an independent local retailer, if they are registered as a retailer for the Halfords Cycle2Work scheme. Details of participating local retailers can be found on the Cycle2Work website.
For further information please visit the RCT Staff Benefits Website or contact the team by email at RCTStaffbenefits@rctcbc.gov.uk