UCL to launch exciting new employee benefits

We are very excited to confirm that UCL will be launching an electric vehicle (EV) car salary sacrifice scheme, annual leave purchase scheme and also enhance our current Cycle scheme.

UCL has committed to be carbon zero by 2030. In response to colleague feedback, and to support our community to lower our carbon emissions, UCL will be launching an electrical vehicle (EV) car salary sacrifice scheme. We are currently working with a market leading leasing provider to develop the scheme that will give our colleagues access to a new more affordable (fully inclusive of insurance, servicing, breakdown cover etc.) EV lease car with no deposit, and with significant tax and National Insurance savings that come with salary sacrificing.

In addition, from the start of the next annual leave year, all staff, subject to line management approval, will be able to buy a maximum of 5 days of extra annual leave (pro-rated for part-time employees). UCL recognises that a good work-life balance is important to our wellbeing and with an ability to get some extra annual leave you may want to use it for special events coming up, or to spend more time with your children on their school holidays.

Finally, our current Cycle to Work scheme has now expanded to include Bike Rental. Employees are now able to use the salary sacrifice scheme to pay for their annual subscription fees for Santander cycles, Brompton bike hire or Buzzbike and spread the cost over 12 months. You can save between 32-42% depending on your tax code. Applications can be made directly on the Cyclescheme website.

Bike Rental has just gone live, so you can start benefiting from this great scheme now and you will see more communications coming through later in the year for the EV car salary sacrifice scheme and annual leave purchase scheme.