05/07/2014 Your Money


05/07/2014

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Wiggins, the Giro d'Italia, and the Tour De France today. On Your Money

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we are looking at whether cycling to work could make you healthier,

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wealthier and, if you are wise, you could get your boss to pay for it.

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Hello and welcome to Your Money, your weekly guide to making the most

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of our cash. Tour De France, this isn't it, but if it has inspired you

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to get on your bike, we'll tell you how to get help with the costs.

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The cost of hay to get on your bike, we'll tell you how to get help with

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the costs. The cost of hay fever medicine ` do

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the cheaper drugs work as well as the ones with the fancy packaging?

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Our reporter sticks her nose into it.

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And the Norwegians launch low`cost flights from Britain to America. You

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could say they are taking a leif out of Ryanair's book.

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So the Tour De France starts in... This weekend. It is working its way

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through Yorkshire, Cambridgeshire and then London. If it is enough to

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make you dust down your saddle bag, ring your bell and cycle to work,

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you could get help with the cost, especially if you have to buy new

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kit. David is from Sustrans, he's the specially if you have to buy new

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kit. David is from Sustrans, he's the national `` give us an overview

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of what the cycle to work scheme is. It is an easy way for the employer

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and employee to save money. At salary sacrifice scheme. The

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employer buys the bike, the employee pages the employer back over a

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period of, say, 12 months. They pay it back before tax is deducted from

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the salary, so they are saving on that tax essentially. So it is not

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exactly cost free but it does save you a lot of money. And your boss

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has to register first, is that right? That's right. Your employer

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should register for the scheme. It is easy to do. Once they are

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registered they can, you can select the bike through the cycle to work

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providers. Do you get to pick the bike or do you have to take whatever

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jalopy they give you? You get to pick the bike. Which ones are

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available depends on which provider your employer is signed up with. Do

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you have to prove that you are going to cycle to work? Do you have to

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turn up in the office fully clad in revolting lycra or something? The

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guide lines say you should use the bike for 50%, in terms of commuting,

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but the employer doesn't have any sort of mandate to go and check what

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you're doing with that bike. You shouldise for commuting really, at

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least 50% of the time, but no`one's checking. There are some

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practicalities aside from the money. If you cycle to work, you've got to

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have somewhere to lock it up. You will probably want a little bit of a

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wash before you sit down beside your colleagues, or your colleagues would

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wish you did. If your employer doesn't provide that, you are stuck

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aren't you? Not necessarily. In terms of the washing thing, if you

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are going to cycle seeds, you are going to need a

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shower before anyone wants to sit beside but. If you cycle at a

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leisurely speed, and most people's commutes aren't that far, you can go

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in without getting a good sweat on and sit down just fine. In terms of

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the lock`in, there's usual lip plenty of places to lock a bike up.

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Ideally we would want employers to provide those for their employees.

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Insurance. Do you need it? Is it worth it? Is it good value? It is

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personal choice. In security terms, it is helpful if you are in an area

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where there's high bike theft, but ideally the first choice is really a

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good lock. Buy a good lock, get your bike registered with the police and

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insurance is a personal choice after that. Scott Davidson

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thank you. More rights for more people who need

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a bit of flexitime. Until now, only parents of children under 16 and

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registered careers had if legal right to ask for flexible working.

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Now any worker can ask for flexible working and the boss has to reply.

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As long as they've worked for their employer for at least 26 weeks.

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Bosses have to look at the request in a considered way. If they say no,

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they have to tell you why. Workers can make bun flexibility, they have

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to tell you why. Workers can make bun flexibility request `` one

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flexibility request each year. Sorry the numbers were out there,

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but you followed the gist of it. More than 20 million of us have hay

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fever, so we spend millions a year to control it. Could we do it for

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less? Chloe Hayward... Bless you! This year it's been particularly

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bad. For Jamie, summertime means one thing: Hay fever season. He controls

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his symptoms but taking over the counter antihistamines. I take one a

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day and again in the evening. But taking such regular medication is

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expense sieve. Including tablets and eye drops I spend about ?4 a week. I

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probably go for a branded product, mainly because of the marketing. You

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probably think they are better than the value pack that's you can pick

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up. But are the branded products really better than their unbranded

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generic alternative's. In the UK most hay favour medicines contain

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one of two ingredients. If the patient has the same active

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ingredient at the same dose at the same formulation it is very unlikely

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the patient will experience a difference between the branded and

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unbranded formulations. I have several different packs of hay fever

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med sent. These both have the active ingredient of Cetirizine. The

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unbranded is just 99p. Other here another three weeks with the same

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active ingredient. The branded one will take you ?3.49 at Boots. Their

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own brand, ?2.99 and the value unbranded one, 99p. The final two,

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not only do they have the same active ingredient but the some

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formulation. Two pills are totally identical but the price difference

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is ?2. The wonderful thing in the UK is because our medicines are closely

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regulated, we can be confident that if it says it has extra ingredient,

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it will. Most of the treatments are readily available over the counter.

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You don't have to have a prescription. If you are entitled to

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a free prescription, you may want one, but for those paying a fee, it

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is cheaper to buy the med situation. With hay fever season in full swing,

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could this change the way Jamie controls his symptoms? I will

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definitely definitely consider these in the future.

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A little birdie at Boots tellses me it has stopped making the cheaper

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99p tablets but they will remain on the shelves until they run out.

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If you have just moved home, have you told your bank or credit card

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company your new address? If not, you could be at risk of someone

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stealing your details. Another 10,000700 companies are

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under orders to sign up some of their workers for the automatic

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state pension from this week. That's where some money is taken from our

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pay packets and put into a personal pension account. Bosses chip in as

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well. Workers should have had a letter about it. If you haven't, you

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need to talk to the payroll department.

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Here's a quick way to lose pounds at the gym. Sign up, pay up and don't

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go. The website money supermarket says we waste ?13.7 billion a year

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on direct debits we forget about. That's ?7 a month. It says we should

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spend five minute each month checking our bank statements and

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identifying any mysterious payments. Just in time for summer. Low`cost

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flights are back between Britain and the United States. This time they

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are being done by the budget airline Norwegian. Our low`coast flights

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really that cheap once you have added in the extras? Wegian. Our

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low`coast flights really that cheap once you have added in the extras?

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`` low`cost flights. Flights. 30 years ago Britain's Sir Freddie

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Laker's no`frilled Sky Train was branded by sky`high oil prices.

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These are the first flights across the Atlantic by a budget airline for

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more than 30 years. You can see why people are excited here at Gatwick

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Airport. But the reality is that those cheapest fares have long gone

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for this summer, so if you want to fly across the Atlantic cheaply you

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have to wait this will the dark days next February. The its chief says

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the new generation of jets like the 787 Dreamliner changed the

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economics. Norwegian's new Dreamliner will serve three US

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destinations and, if it is profitable, more low cost airlines

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may enter the fray, if they can get hold of the right planes.

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Let's hear from Bob Atkinson. Some of the best fares on that airline

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have gone already. You've got be really quick to snap up those

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bargains. You needed to with Norwegian. They are advertising

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their leading fares from ?179 one way. When I trawled their website

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this weeks I couldn't find any fares available at their lead`in prices.

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When you do price searchs you are finding out that for July, August,

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September, there may be only ?75 cheaper than other non`stop direct

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airlines from London Heathrow, where you've got lots more choice. Choice.

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And their prices do not include a bag, on board food or a seat res

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vision. You have to pay extra. So is low cost really low cost? By the

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time you add in the extra charges it looks more expensive than it first

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did. Definitely. Norwegian, to be fair to them, they do give you WiFi

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free on board. That's a nifty thing. The I think Norwegian are a great

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airline. I've flown with them a few times. However, getting your meal

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and a seat reservation, they are doing a package at ?70 return. But

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add that on and they are not that much cheaper than the lights of

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British Airways, united, Virgin, American et cetera. It is important

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that you compare not just the airlines and availability from

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Gatwick Airport and Heathrow Airport but make sure you are comparing

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like`for`like. I was wondering, does that apply to every low cost airline

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when you look at their extra charges? Are they as cheap as they

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we they are? We think back to the days when we could get a flight for

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99p each way. Ryanair were doing that only five, I six or sitting

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years ago. But after the crash in 200 ght for 99p each way. Ryanair

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were doing that only five, I six or sitting years ago. But after the

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crash in 200 a 8 `` 2008 and the cost of oil, the low cost carriers,

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wool they do have attractive low fares, you generally have to travel

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midweek. And you need to travel hand luggage only and not bother with

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on`board food to get the low prices. Travel at peak times such as the

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school holidays and low`cost carriers will often be more

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expensive than the scheduled carriers like BA British Airways

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have fought back in this market. They have hand`luggage only fares

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for Europe. You still get their on`board food and drink but with a

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handy and generous hand luggage allowance you can often get a BA

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flight out of Heathrow for less than you would with Ryan jet and Ryanair.

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What's cheap? If you can travel in the next three to four weeks, there

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are dust counts galore on traditional package holidays. The

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big travel companies like Thomson and Thomas Cook they've got

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discounts of up to 75% off brochure price. These are to places like

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Greece on a self catering basis. You can get a week in Greece in the next

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week from ?140 room only. A bargain. If you want all inclusive, you can

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get deals from ?50 to ?400 to Morocco, the Canaries. Packages at

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the moment are fantastic value for last minute peer. If it is the

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destinations that you are looking to, the cheapest when you are there,

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the Bulgaria, the Black Sea resorts. Places like Spain and Portugal,

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which are fantastically cheap at the moment. Restaurateurs over there are

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fighting to win back their lost domestic market by attracting fewer

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than tourists with cheap deals and bars. Cyprus, and Florida. The US in

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general. The dollar, your pound goes a long way there. I'm happy for you

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to keep talking while I book a holiday but we need to bring it to

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an end. Thank you. You with keep up to date with the

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money pages on the BBC News website. This is BBC News. The headlines:

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Yorkshire plays host to the world's greatest cycle race, the Tour de

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France.

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