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Cycle To Work Scheme | Employees

How do I get a cycle to work bike?

Select your products icon Contact Your HR Department

It is important to check with your employer or HR department to see if such a scheme is available and to understand the specific terms and conditions of the scheme. Here you can find your Employers scheme.

Your employer code is a specific number or alphanumeric code that allows you to log into your employers chosen scheme.

Your employer will set your spend limit for your personal cycle to work voucher, we would recommend checking this before looking at equipment.

Select your products icon Choose Your Equipment

Your cycle to work order can include both a bike and accessories, providing they are on or within your voucher amount.

There are certain items such as gps computers, turbo trainers and kids bikes that are not eligible with cycle to work. Here is a list of all the eligible and noneligible items with cycle to work.

We all love to browse for our favourite items, however we would recommend to ensure your items in your basket is within your voucher amount.

Select your products icon Get Your Voucher

Once you know which scheme to use and have decided how much you want to spend you can apply for your cycle to work voucher. The process is slightly different for each scheme.

  • Halfords Cycle 2 Work - Click here to apply
    • Once you have completed the application process you will receive a Halfords LOC (letter of collection). This will provide you with your LOC number which you can use to purchase your order through the checkout.
  • Cyclescheme - Click here to apply
    • After you've completed the application process you will be issued a Cycle Scheme certificate with a redemption code which you can use to make your purchase at the checkout.
  • Other Cycle to Work Scheme providers
    • Contact your HR department to complete the application process.
Select your products icon Redeem Your Voucher at Tredz

To purchase your chosen items enter your Halfords C2W or Cyclescheme Voucher code/LOC at the checkout to purchase your order.

Once entered at the checkout, Click ‘Redeem a cycle to work voucher’ to confirm your purchase via cycle to work.

For other cycle to work providers please email us your signed voucher and order details so we can confirm your order.



End of the Hire Agreement Options

Extend your hire agreement at zero cost

This enables you to choose an extended rental agreement without any additional charges. Your rental agreement continues without any extra payments. Upon completion of the extended term, typically lasting 4-5 years, ownership will be automatically transferred to you.  

Take ownership of your bike and pay 'fair market value' fee

HMRC fair market values state that employers are required to pay to retain the bike. You might need to cover up to 25% of the bike's value if it exceeds £500 after 12 months.  

You can return the bike

This option allows employees to decide the fate of the bike at the end of the salary sacrifice period. This option typically provides flexibility for the employee to choose whether to keep the bike or return it. If the employee decides to return the bike, they may have the option to purchase it at a nominal fee, or the employer may retain ownership of the bike.  

Fair Market Value

Age of Cycle

HMRC Fair Market Value

Original price of bike under £500

Original price of bike over £500

  • 1 year
  • 18%
  • 25%
  • 18 months
  • 16%
  • 21%
  • 2 years
  • 13%
  • 17%
  • 3 years
  • 8%
  • 12%
  • 4 years
  • 3%
  • 7%

 

1

You can return the bike

2

Take ownership of your bike and pay 'fair market value' fee

HMRC fair market values state that employers are required to pay to retain the bike. You might need to cover up to 25% of the bike's value if it exceeds £500 after 12 months.

3

Extend your hire agreement at zero cost

This enables you to choose an extended rental agreement without any additional charges. Your rental agreement continues without any extra payments. Upon completion of the extended term, typically lasting 4-5 years, ownership will be automatically transferred to you.

4

Fair Market Value

Age of Cycle

HMRC Fair Market Value

Original price of bike under £500

Original price of bike over £500

  • 1 year
  • 18%
  • 25%
  • 18 months
  • 16%
  • 21%
  • 2 years
  • 13%
  • 17%
  • 3 years
  • 8%
  • 12%
  • 4 years
  • 3%
  • 7%






£5 OFF VOUCHER

When you spend £50 or more.

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© Performance Cycling Limited 2024. Tredz is a trading name of Performance Cycling Limited. All Rights Reserved Company No. 03398601 | VAT No: 797 0776 69

† IMPORTANT INFORMATION: Performance Cycling Limited FRN: 720557 trading as Tredz & Tredz Bikes are Authorised and Regulated by the Financial Conduct Authority. We are a credit broker, not a lender – credit is subject to status and affordability, and is provided by a panel of lenders of whom we have a commercial relationship. Terms & Conditions Apply. Performance Cycling Limited trading as Tredz is registered in England and Wales 03398601. Registered office: Icknield Street Drive, Washford West, Redditch, Worcestershire, England, B98 0DE. Performance Cycling Limited trading as Tredz is authorised and regulated by the Financial Conduct Authority. Our registration number is 720557. Credit provided subject to age and status.

Finance is subject to application, financial circumstances and borrowing history. Performance Cycling Limited FRN: 720557 trading as Tredz are authorised and regulated by the Financial Conduct Authority. We are a credit broker not a lender – credit is subject to status and affordability and is provided by Mitsubishi HC Capital UK PLC. Terms & Conditions Apply.

† Novuna Representative Example: If total purchase price is £4,255.52 and your selected term is 36 months 14.9% APR Representative, Annual Interest Rate 14.9% p.a. Fixed with £0 deposit you would pay £145.38 per month. Total amount payable will be £5.233.68 with a cost of credit of £978.16.

† Novuna Buy Now Pay Later Example: If total purchase price is £4,255.52, payment holiday of 12 months and 24 monthly payments at 9.9% APR Representative, Annual Interest Rate 9.9% p.a. Fixed with £0 deposit you would pay £213.02 per month. Amount of Credit £4255.52, Total amount payable will be £5,112.48 with a cost of credit of £856.96. If the loan amount is voluntarily paid in full before the deferral period ends, interest will be waived but an early settlement fee up to £29 will apply.

PayPal Credit is subject to status. Terms and Conditions apply. Performance Cycling Limited acts as a broker and offers credit from PayPal Credit. PayPal Credit is a trading name of PayPal UK Ltd Registered Office: Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH. † Full Representative Example: Representative 23.9% APR (variable), Purchase interest rate 23.9% p.a. (variable), Assumed credit limit £1,200.00.

PayPal Credit and PayPal Pay in 3 are trading names of PayPal UK Ltd Registered Office: Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH. PayPal Credit: Terms and conditions apply. Credit subject to status, UK residents only, Performance Cycling Limited acts as a broker and offers finance from a restricted range of finance providers. PayPal Pay in 3: PayPal Pay in 3 is not regulated by the Financial Conduct Authority. Pay in 3 eligibility is subject to status and approval. 18+. UK residents only. Pay in 3 is a form of credit, may not be suitable for everyone. Use may affect your credit score or make credit less accessible or more expensive for you. Consider if affordable for you. See product terms for more details.

Learn more about Pay in 3.

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