Who is eligible to join the cycle share scheme?
The scheme is open to all NES full-time or part-time employees whose term of employment is more than the period of the loan (12 months from when the purchase is authorised). In order to take advantage of the tax breaks that result from salary sacrifice please also note that the following criteria must be met.
- They need to be a UK Taxpayer.
- They need to be over 18 years of age to comply with the consumer credit act legislation.
- If they are aged under 23 then they need to be earning £6.83 if aged 18-20 or £9.18 if aged 21 to 22 (i.e. National Minimum Wage)
- If they are aged over 23 then they need to be earning £9.50 per hour (National Living Wage)
Any queries as to whether a NES employee qualifies for the Cyclescheme within NES can only be answered by Finance (email@example.com) and not Cyclescheme.