Pope Francis Catholic Multi Academy Trust have registered with Bike2Work Scheme!

SAVE UP TO 43.25% ON THE COST OF A BIKE AND ACCESSORIES

As you may be aware we are registered with Bike2Work Scheme. Our company pin is B2W/654571

Pope Francis Catholic Multi Academy Trust have partnered with Bike2Work Scheme, to provide and administer the Governments’ Cycle to Work initiative. We are offering you the opportunity to save up to 43.25% on the cost of Bicycles and/or Equipment. This is made possible by saving on Income Tax and National Insurance Contributions.

There are many benefits in participating in the scheme:

• Cost is spread over weekly/monthly interest free payments (via salary sacrifice)
• No credit check involved
• Save money on travelling costs
• Lose weight and tone up
• Cycling improves your general health and well-being and reduces stress levels
• Help save the planet! 
• You can just buy equipment you don’t need to buy a bike

 How It Works.

1. Employer accepts Bike2Work Scheme’s terms & conditions and registers on-line and is given a unique employer PIN.
2. Employee visits one of our partner shops (listed here) to make their selection and obtain a written quotation.
3. Employee registers online with Bike2Work Scheme using the employer PIN and then logs in to submit their quotation. (they will then be asked to agree to the Hire Agreement if the quote is over £1000).
4. The point of contact will then receive notification that a quote has been submitted and they need to log in and approve the quotation.
5. An e-mail will be sent to the employee to advise if their quote has been approved/declined.
6. If approved, Bike2Work Scheme will generate the Invoice and Salary Sacrifice.
7. The employer will receive an email asking them to log in and download both the Invoice and Salary Sacrifice.
8. The Salary Sacrifice needs to be signed by both employer and employee and kept for your records only.
9. Once signed by both parties, payment can be made to Bike2Work Scheme as per the invoice.
10. The voucher will be processed the same day as payment clears in our account and will be available on the employees account to download at any time.
11. The employee will then provide the chosen bike shop with their voucher and in exchange for the voucher the bike shop will supply the bike/equipment.
12. Bike2Work will then contact the employee to arrange transfer or ownership.

Eligibility for the Scheme

 To participate in the Cycle to Work Scheme the following conditions must be met:

• The employee is a UK taxpayer via the PAYE system
• Following the salary sacrifice being applied, the employee’s gross pay does not reduce below the National Minimum Wage (NMW)
• The employee has a contract of employment which outlasts the duration of the salary sacrifice period
• The employee is aged 18 years or over
• The employee must be attending work at the point of application

If you have any questions feel free to call the Bike2Work Team on 0330 088 4765.