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Cycle 2 work scheme

Postal workers discussion forum. Discuss the day to day life in a Blue Shirt.
NewPostieUK
Posts: 2104
Joined: 06 Jan 2008, 21:38
Gender: Male
Location: SickAsAChipLand

Re: Cycle 2 work scheme

Post by NewPostieUK »

June. Just 3 months ago.

I wouldn't believe anything I read at MyRoyalMail though.

Have a look here: http://www.pmmemployeebenefits.co.uk/cycle-to-work.asp" onclick="window.open(this.href);return false;

Click on 'Are You An Employee', maybe even try Live Chat?
crezz
Posts: 78
Joined: 25 Apr 2011, 16:31
Gender: Male

Re: Cycle 2 work scheme

Post by crezz »

will have a see what they say, if you have only just started it then really were unlikely to know weather they will charge at the end or not. cheers for link
Godric
EX ROYAL MAIL
Posts: 855
Joined: 17 Oct 2009, 12:08
Gender: Male
Location: The Kingdom of Alba

Re: Cycle 2 work scheme

Post by Godric »

I used Cycle plus to get a bike from my local cycle shop .... halford's bikes are cheap *rap
"Vi har haft århundraden av kärlek och tillit till varandra."
dohnut
Posts: 654
Joined: 28 Sep 2007, 17:15
Gender: Male

Re: Cycle 2 work scheme

Post by dohnut »

Godric wrote:I used Cycle plus to get a bike from my local cycle shop .... halford's bikes are cheap *rap
Nothing wrong with the bikes, some of the boardman bikes cost over £2000, and are well reviewed by the cycling community. Its just the kids/muppets who have to assemble them, either not having the correct knowledge or having enough time to do the job properly, surely you can appreciate that at the moment. :crazy:
pod25
Posts: 240
Joined: 03 Sep 2012, 21:13
Gender: Male

Re: Cycle 2 work scheme

Post by pod25 »

How can I check if I my bike should be paid for now. I took mine out in beginning of June 2013, which now means I'm over 18 months of my 18 month contract.
A2B
Posts: 1986
Joined: 25 Feb 2009, 19:34
Gender: Male

Re: Cycle 2 work scheme

Post by A2B »

pod25 wrote:How can I check if I my bike should be paid for now. I took mine out in beginning of June 2013, which now means I'm over 18 months of my 18 month contract.
Contact HR, sometimes it can be weeks after getting the bike before they start deducting from your wages so the dates don't correspond
2pints
Posts: 286
Joined: 28 Feb 2013, 16:46
Gender: Male

Re: Cycle 2 work scheme

Post by 2pints »

Im on a fixed term contract will i be able to use this scheme?
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72616
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: Cycle 2 work scheme

Post by TrueBlueTerrier »

cycletowork https://www.salary-plus.co.uk/ebgateway ... oWork.aspx" onclick="window.open(this.href);return false;

Who is eligible?
cycle2work is governed by the Department for Transport. In order to receive the Tax benefits resulting from a salary sacrifice arrangement you will need to be a UK taxpayer, who can benefit from the Tax efficiencies of the scheme.

What happens if I leave my job before I've finished paying for my bike?
Under the terms of the hire agreement you will agree to settle all outstanding monies before you leave. The outstanding balance will be deducted from your final net salary payment.

Cycleplus https://www.salary-plus.co.uk/ebgateway ... ePlus.aspx" onclick="window.open(this.href);return false;

What happens if I leave my job before I've finished paying for my bike?
Under the terms of the hire agreement you will agree to settle all outstanding monies before you leave. The outstanding balance will be deducted from your final net salary payment.

Who is eligible?
cycleplus is governed by the Department for Transport. In order to receive the Tax benefits resulting from a salary sacrifice arrangement you will need to be a UK taxpayer, who can benefit from the Tax efficiencies of the scheme.
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justdeno
Posts: 362
Joined: 27 Jan 2012, 16:05
Gender: Female

Re: Cycle 2 work scheme

Post by justdeno »

Hi, have looked through but only can see info from 2011. What are the latest codes you need to use the cycle to work? Thanks.
A2B
Posts: 1986
Joined: 25 Feb 2009, 19:34
Gender: Male

Re: Cycle 2 work scheme

Post by A2B »

You need to sign up and log into https://www.myroyalmail.com/benefits" onclick="window.open(this.href);return false;
mrwhisper
Posts: 5
Joined: 27 Jun 2012, 01:24
Gender: Male

Re: Cycle 2 work scheme

Post by mrwhisper »

Hi, my cycle2work final payment is this week, does anybody know if i can apply for the cycleplus scheme straight after they have taken the payment?
dohnut
Posts: 654
Joined: 28 Sep 2007, 17:15
Gender: Male

Re: Cycle 2 work scheme

Post by dohnut »

mrwhisper wrote:Hi, my cycle2work final payment is this week, does anybody know if i can apply for the cycleplus scheme straight after they have taken the payment?

How much is your final payment?, mine is coming up and I heard you have to pay up to 10% of the value of the bike so could be £100 for me.
pod25
Posts: 240
Joined: 03 Sep 2012, 21:13
Gender: Male

Re: Cycle 2 work scheme

Post by pod25 »

mrwhisper wrote:Hi, my cycle2work final payment is this week, does anybody know if i can apply for the cycleplus scheme straight after they have taken the payment?
Yes you can.
pod25
Posts: 240
Joined: 03 Sep 2012, 21:13
Gender: Male

Re: Cycle 2 work scheme

Post by pod25 »

dohnut wrote:
mrwhisper wrote:Hi, my cycle2work final payment is this week, does anybody know if i can apply for the cycleplus scheme straight after they have taken the payment?
How much is your final payment?, mine is coming up and I heard you have to pay up to 10% of the value of the bike so could be £100 for me.
£35 should be the final payment.
NewPostieUK
Posts: 2104
Joined: 06 Jan 2008, 21:38
Gender: Male
Location: SickAsAChipLand

Re: Cycle 2 work scheme

Post by NewPostieUK »

If you return the bike before the end of the hire period, your employer will charge you a fee of £35 to cover the costs of disposing of the bicycle.

http://s30.postimg.org/auaueh4z5/stupid.jpg" onclick="window.open(this.href);return false;

As far as I can see, I have nothing more to pay and the bikes mine (when I finish paying for it). There is no final payment, no 10%.