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Cycle 2 work scheme

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
A2B
Posts: 1986
Joined: 25 Feb 2009, 19:34
Gender: Male

Re: Cycle 2 work scheme

Post by A2B »

POSTMAN wrote:Is it this lot as I need to change the 1st post...
http://www.pmmemployeebenefits.co.uk/cycle-to-work.asp" onclick="window.open(this.href);return false;
It's http://www.myroyalmail.com/benefits" onclick="window.open(this.href);return false; then you can either choose Cycle2work (Halfords) and get a 10% discount or Cycleplus (independent shops) and receive a 5% discount. Seems more confusing to me but at least the limit has been raised to £1000
dohnut
Posts: 654
Joined: 28 Sep 2007, 17:15
Gender: Male

Re: Cycle 2 work scheme

Post by dohnut »

when is the 10% discount apllied, I have printed off a form for a bike from halfords but havent sent it off yet, is there an expiry date for this form to be sent off. All it says on the form to be sent off is monthly payment £48.73, I know this is pre tax and the cost is around £33.00 a month, but no mention of this 10% deal??
sirgordonzola
Posts: 35
Joined: 02 Feb 2010, 13:32
Gender: Male

Re: Cycle 2 work scheme

Post by sirgordonzola »

does anyone know if when they apply to get the LOC sent by email, what sort of time does it take.

thanks
jonsboys
Posts: 64
Joined: 22 May 2011, 16:23
Gender: Male

Re: Cycle 2 work scheme

Post by jonsboys »

sirgordonzola wrote:does anyone know if when they apply to get the LOC sent by email, what sort of time does it take.

thanks
LOC is issued within 10 days after 15th of each month, usually. I received mine this morning.
RoyalSlave69
Posts: 74
Joined: 11 Feb 2013, 16:33
Gender: Male

Re: Cycle 2 work scheme

Post by RoyalSlave69 »

Hi. Can I use the £1000 to go towards a bike that's a bit more expensive? Say a £1300 bike?
Thunderthighs
Posts: 990
Joined: 14 Jul 2009, 19:42
Gender: Male

Re: Cycle 2 work scheme

Post by Thunderthighs »

HI, one of the guys in our Office states that RM have upped their level to £1,000 for a bike on the Cycle to Work scheme...
and that its NOT just a Halfords deal too.
SO..Is he right and if so, has anyone done a deal on this new scheme yet?
Got my eye on a Giant Talon (27.5) 2014, which is around the £1,000 mark.
Many thanks for any supplied info.
clashcityrocker
Posts: 16551
Joined: 22 Sep 2009, 13:50
Gender: Male
Location: strummerville

Re: Cycle 2 work scheme

Post by clashcityrocker »

Thunderthighs wrote:HI, one of the guys in our Office states that RM have upped their level to £1,000 for a bike on the Cycle to Work scheme...
and that its NOT just a Halfords deal too.
SO..Is he right and if so, has anyone done a deal on this new scheme yet?
Got my eye on a Giant Talon (27.5) 2014, which is around the £1,000 mark.
Many thanks for any supplied info.
The info is in a post about 5 above yours:

A2B wrote:
It's http://www.myroyalmail.com/benefits" onclick="window.open(this.href);return false; then you can either choose Cycle2work (Halfords) and get a 10% discount or Cycleplus (independent shops) and receive a 5% discount. Seems more confusing to me but at least the limit has been raised to £1000
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
jonsboys
Posts: 64
Joined: 22 May 2011, 16:23
Gender: Male

Re: Cycle 2 work scheme

Post by jonsboys »

clashcityrocker wrote:
Thunderthighs wrote:HI, one of the guys in our Office states that RM have upped their level to £1,000 for a bike on the Cycle to Work scheme...
and that its NOT just a Halfords deal too.
SO..Is he right and if so, has anyone done a deal on this new scheme yet?
Got my eye on a Giant Talon (27.5) 2014, which is around the £1,000 mark.
Many thanks for any supplied info.
The info is in a post about 5 above yours:

A2B wrote:
It's http://www.myroyalmail.com/benefits" onclick="window.open(this.href);return false; then you can either choose Cycle2work (Halfords) and get a 10% discount or Cycleplus (independent shops) and receive a 5% discount. Seems more confusing to me but at least the limit has been raised to £1000
Where is this 10% discount? I only got my loc and there is no mention of 10% discount.
jonsboys
Posts: 64
Joined: 22 May 2011, 16:23
Gender: Male

Re: Cycle 2 work scheme

Post by jonsboys »

RoyalSlave69 wrote:Hi. Can I use the £1000 to go towards a bike that's a bit more expensive? Say a £1300 bike?
NO
wallop
EX ROYAL MAIL
Posts: 250
Joined: 02 Feb 2011, 07:34
Gender: Male

Re: Cycle 2 work scheme

Post by wallop »

jonsboys wrote:
clashcityrocker wrote:
Thunderthighs wrote:HI, one of the guys in our Office states that RM have upped their level to £1,000 for a bike on the Cycle to Work scheme...
and that its NOT just a Halfords deal too.
SO..Is he right and if so, has anyone done a deal on this new scheme yet?
Got my eye on a Giant Talon (27.5) 2014, which is around the £1,000 mark.
Many thanks for any supplied info.
The info is in a post about 5 above yours:

A2B wrote:
It's http://www.myroyalmail.com/benefits" onclick="window.open(this.href);return false; then you can either choose Cycle2work (Halfords) and get a 10% discount or Cycleplus (independent shops) and receive a 5% discount. Seems more confusing to me but at least the limit has been raised to £1000
Where is this 10% discount? I only got my loc and there is no mention of 10% discount.
Its 10% off the repayments you get a letter for 1000 and pay back 900 less tax
jonsboys
Posts: 64
Joined: 22 May 2011, 16:23
Gender: Male

Re: Cycle 2 work scheme

Post by jonsboys »

wallop wrote:
jonsboys wrote:
clashcityrocker wrote:
Thunderthighs wrote:HI, one of the guys in our Office states that RM have upped their level to £1,000 for a bike on the Cycle to Work scheme...
and that its NOT just a Halfords deal too.
SO..Is he right and if so, has anyone done a deal on this new scheme yet?
Got my eye on a Giant Talon (27.5) 2014, which is around the £1,000 mark.
Many thanks for any supplied info.
The info is in a post about 5 above yours:

A2B wrote:
It's http://www.myroyalmail.com/benefits" onclick="window.open(this.href);return false; then you can either choose Cycle2work (Halfords) and get a 10% discount or Cycleplus (independent shops) and receive a 5% discount. Seems more confusing to me but at least the limit has been raised to £1000
Where is this 10% discount? I only got my loc and there is no mention of 10% discount.
Its 10% off the repayments you get a letter for 1000 and pay back 900 less tax
Not so bad! I just got me the 2013 boardman hybrid pro yesterday down to £809.99, better spec than the 2014 one, and nicer looking. Great bike i would recommend it to anyone.
Brainache
Posts: 394
Joined: 30 Jul 2010, 21:37
Gender: Male

Re: Cycle 2 work scheme

Post by Brainache »

jonsboys wrote:
RoyalSlave69 wrote:Hi. Can I use the £1000 to go towards a bike that's a bit more expensive? Say a £1300 bike?
NO
I`ve been looking at electric bikes and the sites say you can pay £1ooo for the bike and the rest separately for battery, rack etc.
jonsboys
Posts: 64
Joined: 22 May 2011, 16:23
Gender: Male

Re: Cycle 2 work scheme

Post by jonsboys »

Brains wrote:
jonsboys wrote:
RoyalSlave69 wrote:Hi. Can I use the £1000 to go towards a bike that's a bit more expensive? Say a £1300 bike?
NO
I`ve been looking at electric bikes and the sites say you can pay £1ooo for the bike and the rest separately for battery, rack etc.
Thats different. A loophole which would not be possible with a normal bike.
Thunderthighs
Posts: 990
Joined: 14 Jul 2009, 19:42
Gender: Male

Re: Cycle 2 work scheme

Post by Thunderthighs »

My experiences recently....
Unable to utilise the On Line application to the Cycling scheme, so I rang them and requested to do it over the phone. They agreed by email.

Quotation arrived, so tried to ring them...0845 Number.

I pressed One for RM staff, it went dead. I tried Two, to leave a message, it went dead.
I repeated this another 4 - 5 times, and still the same result.

I emailed them with my problems and asked them to get back to me asap, to sort it out etc.
No reply as yet.

I think I've saved myself a £1,000 due to the poor/lack of service....
I'll look elsewhere at the Post-Christmas sales.
Caniel
Posts: 623
Joined: 03 Jul 2009, 18:25
Gender: Female
Location: The Batcave

Re: Cycle 2 work scheme

Post by Caniel »

Just tried this but cannot register because my tax code is not valid according to this broken website. I'm putting in exactly what it says on my payslips and my P60 from last year which is 0T/0 also tried OT/O just in case it's O and not Zero.