JobRad: Who Qualifies and What You Get
Learn how you can use salary sacrifice to lease a bicycle through your employer for a tax-efficient commute.
JobRad is a tax-subsidized leasing program that allows employees to lease a bicycle through their employer. It is designed to make cycling for work more affordable by using tax advantages.
Who it's for
This scheme is available to employees whose companies choose to participate in the program.
What you get
You get access to tax-efficient leasing for bicycles to use for your daily commute. This allows you to obtain a bike through your workplace rather than buying one entirely out of your own pocket.
What it costs you
The cost is handled through salary sacrifice. This means a portion of your gross salary is used to pay for the leasing costs, which can reduce your overall tax burden.
The catch to know
The scheme is not automatic. You must ensure that your employer has a specific contract in place that allows for this type of arrangement.
How to apply
- Check with your company's HR department to see if they participate.
- Select a bicycle through the provider's options.
- Complete the necessary paperwork to authorize the salary sacrifice.