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Cycle to WorkPay & benefits

John Lewis Partnership launches “Partnercycle” scheme

by Personnel Today 7 Aug 2009
by Personnel Today 7 Aug 2009

The John Lewis Partnership is offering its 70,000 employees across the UK the chance to take part in a new Cycle to Work scheme called PartnerCycle. The programme, available to both John Lewis and Waitrose Partners, has been created and implemented by leading employee benefits provider, P&MM. This is the first time that the Partnership has introduced a salary sacrifice based cycle scheme for its staff.

Employees will be able to acquire the use of a new bicycle plus associated safety accessories and cycle clothing up to the value of £1000 from over 400 different independent cycle retailers located around the UK, with at least one independent cycle retailer within a 10 mile radius of each John Lewis or Waitrose store. The bicycle is hired for an eighteen-month period with fixed reductions made from employees’ gross salaries before tax. Income Tax and National Insurance contributions are calculated.  Savings generated through this scheme equate to a saving of up to 40 per cent on the total cost of the bicycle.

Helen Brookes, Benefits Development Manager at John Lewis Partnership, commented: “I’m delighted to see PartnerCycle now finally being launched. I’ve been working on this scheme with a number of Partners across the business and I know there is a great deal of interest. Reducing your commuting costs, helping the environment – not to mention getting fitter – are great reasons to take advantage of PartnerCycle.” 

Richard Davies, Head of Employee Benefits at P&MM, says: “We are delighted to be working with The John Lewis Partnership to deliver their first ever cycle to work programme for Partners. The PartnerCycle scheme offers a great opportunity for Partners to both stay fit and healthy and also contribute positively to the environment in their local area, after acquiring the use of a tax-free bike.”

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The scheme opened on July 27 2009 and many Partners have already expressed an interest in the programme.

 

John Lewis
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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