Milestone in Cycle to Work Scheme

We are delighted to announce that ESB recently issued its 100th cheque under the 'Cycle To Work Scheme'. The scheme is proving extremely popular with staff right across the company and more than 140 staff bikes have been purchased. As the weather improves, more and more people are taking up cycling or replacing their old bikes.
Under the scheme, an employer may provide an employee with a bicycle and/or cycle safety equipment without the employee being liable for benefit-in-kind taxation. The bicycle must be used by the employee for travelling to and from work or between workplaces. The scheme means an effective saving of at least 41% on the cost of a new bicycle for a top rate taxpayer.

Purpose of the Scheme The purposes of the scheme are:

• To encourage more employees to cycle to and from work.
• To contribute to lowering carbon emissions.
• To help reduce traffic congestion.
• To help improve health and fitness levels.

What type of bicycles and equipment does the scheme cover?
The scheme covers bicycles, pedelecs (electric bikes) and cycling equipment as follows:

• Cycle helmets that conform to European standard EN 1078.
• Bells and bulb horns.
• Lights, including dynamo packs.
• Mirrors and mudguards.
• Cycle clips and dress guards.
• Panniers, luggage carriers and straps to allow luggage to be safely carried.
• Locks and chains to ensure cycle can be safely secured.
• Pumps, puncture repair kits, cycle tool kits and tyre sealant to allow for minor repairs.
• Reflective clothing along with white front reflectors and spoke reflectors.

For further details see: http:// esbnet/sharedservices/HumanResources/ easi/Default.htm