Cycle To Work Scheme | Employees
How do I get a cycle to work bike?
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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.
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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.
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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](https://tredz.azureedge.net/assets/images/userpages/help-advice/customer-service/shopping-services/cycle-to-work/tas/v2/ico-c2w-employees-90px@2x-redeem-your-voucher-at-tredz-.png)
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
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.
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.
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.
Age of Cycle | HMRC Fair Market Value | |
---|---|---|
Original price of bike under £500 | Original price of bike over £500 | |
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