Increase your fitness levels, save money on travel and parking costs, help reduce traffic congestion and pollution are just some of the many benefits of cycling to work.
NTU offers a cycle to work scheme where you may save money on the cost of a new cycle, safety and security equipment. Once you have chosen your cycle and/or any eligible equipment, we buy the items requested and lease them to you for a period of 12 months. At the end of the hire period we can transfer ownership of the cycle and equipment to you. The cost of the transfer of ownership is based on HMRC's published fair market values.
This scheme operates under a salary sacrifice arrangement so your 12 monthly deductions are not subject to tax and National Insurance. The ‘Select this benefit’ button will take you directly to the Cyclescheme website for further information and online application.
Please note: claims can’t be processed if they contain requests for equipment that is not specifically for safety or security purposes. Please refer to clause 4.2.2 of the Cycle to Work Policy for a list of eligible equipment.