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You can select a bicycle and associated safety equipment up to a total value of £1000, including VAT.  The tables below provide an indication only of the likely monthly repayments for the 12 month hire period and the total net cost of leasing a bicycle through the Cycle+ scheme.  Actual monthly repayments will be calculated by the University on an individual basis.

The figures in this table assume a salary up to £43,000 after the gross cost of the bike has been deducted during tax year 2016/17 and a 12 month repayment period has been set.
ValueMonthly Reduction in Net Pay*Net Cost of Leasing the Bike**Cost of TransferTotal Cost
£200 £11.57 £139 £6 £145 
£300 £17.35 £208 £9 £217
£400 £23.13 £278 £12 £290
£500 £28.92 £347 £35 £382
£600 £34.70 £416 £42 £458
£700 £40.48 £486 £49 £535
£800 £46.27 £555 £56 £611
£900 £52.05 £625 £63 £688
£1,000 £57.83 £694 £70 £764

 

The figures in this table assume a salary over £43,000 after the gross cost of the bike has been deducted during tax year 2016/17 and a 12 month repayment period has been set.
ValueMonthly Reduction in Net Pay*Net Cost of Leasing the Bike**Cost of TransferTotal Cost
£200 £8.23 £99 £6 £105
£300 £12.35 £148 £9 £157
£400 £16.47 £198 £12 £210
£500 £20.58 £247 £35 £282
£600 £24.70 £296 £42 £338
£700 £28.82 £346 £49 £395
£800 £32.93 £395 £56 £451
£900 £37.05 £445 £63 £508
£1,100 £41.17 £494 £70 £564

 

* Figures rounded to nearest penny 

** Figures rounded to nearest £1