Cycle to work and save

Get a new bike and save cash

If you cycle to work, you can save up to 42% on a new bike and safety equipment thanks to a government backed scheme that makes a new commuter bike much more affordable.

The Cycle to Work Scheme is a salary sacrifice. This means the cost of a new bike and equipment is deducted from your salary as a non-cash benefit, so you save on tax and national insurance.

Your employer buys the bike and equipment, then leases it to you through an interest-free salary sacrifice scheme.

In short, this means you’ll pay less for your bike and will be able to pay in instalments.

Tredz accepts cycle to work vouchers from all these providers.

How do I get a Cycle to Work bike from Tredz?

It's as easy as 1, 2, 3

If your employer is already running a scheme, you’re just three steps away from receiving your new bike and equipment.

1. Email us with a list of items at including the following information:

  • Your postcode
  • Your phone number
  • The company you work for
  • The size/colour of any bike/accessories

2. We’ll send you a quote within 2 working days, which you pass on to your HR department. Your employer will order your Cycle to Work voucher. Once you receive it, send to us, then we’ll deliver your new bike and safety equipment.

3. If your organisation hasn’t yet set up a scheme, just give us a call on 01792 799508 or email and we’ll help them get it set up.

City cyclist

C2W hybrid

If your commute is a few miles across town, a practical hybrid is ideal for a hassle-free journey. It's the number-one choice for a reliable everyday bike.

Add a stylish helmet, USB rechargeable lights and a secure D lock and you’re ready to roll. All for less than £30 a month if you’re a basic rate taxpayer. That’s a saving of 32%.

Total cost of bike and accessories £513.97

Income tax saved £152.79

National insurance saved £91.58

Final cost of bike and accessories £348.00

Cost to you each month £29.13

Countryside commuter

C2W mtb

Got a rough ride to work? If you take the road less travelled to the office, a durable mountain bike will get you there.

Add a helmet, high-vis jacket and ultra-bright lights, all for a little over £50 a month if you’re a basic rate taxpayer. That’s a saving of £32%.

Total cost of bike and accessories £990.43

Income tax saved £198.09

National insurance saved £118.85

Final cost of bike and accessories £673.49

Cost to you each month £56.12

Rat racer

C2W roadie

If you’re big on results and efficiency, even before you get to your desk, beat the traffic on a nippy road bike.

With a £1,000 ride to work voucher, you’ll still have just enough change for a comfortable road helmet and a set of small yet bright lights. If you’re a higher rate taxpayer, it’ll cost you less than £50 a month and save you 42%.

Total cost of bike and accessories £990.99

Income tax saved £394.40

National insurance saved £19.82

Final cost of bike and accessories £574.77

Cost to you each month £47.90

Using the scheme

Am I eligible?

To benefit from the Cycle to Work scheme’s tax and national insurance savings, you must:

  • Be an employee, not self-employed.
  • Receive your salary by PAYE.
  • Earn more than the national minimum wage after the salary sacrifice.

Frequently asked questions

All you need to know

Which Cycle to Work vouchers does Tredz accept?

We accept vouchers from most national schemes like Cyclescheme and Cycleplus. We also accept vouchers from in-house schemes run by independent companies, as well as Halfords vouchers. If your voucher is from any other scheme, please get in touch at to check if we can accept it.

How much can I spend?

For most people, the maximum is £1,000 including VAT. If you want a higher loan, check with your employer who may be able to offer you a higher loan.

Can I ‘top up’ the voucher value with my own money to buy a bike worth more than £1,000?

No, you cannot exceed the value of your voucher. Ask your employer if they can issue a voucher for a higher amount.

What can I buy?

Any cycle you can use for commuting, whether it has two wheels, three or even four! It can be a road bike, a hybrid, a mountain bike or a folding bike, but not a children’s bike.

You can also use your voucher to get any safety equipment you need for commuting. This might include:

  • Helmets
  • Bells
  • Lights
  • Luggage
  • Locks
  • Child safety seats
  • Pumps and repair kits
  • Reflective clothing

Can I only use it to cycle to work?

No! The government guidelines say your bike should be used at least 50% for riding to work. So it’s fine to use it for leisure riding too.

Who owns the bike?

Technically, your employer owns the bike and equipment and loans it to you during the hire period.

So what happens at the end of the hire agreement?

To keep the scheme tax free, there can be no guarantee your employer will transfer ownership at the end of the hire period. However, this is usually what happens. Because HMRC has set fair market values that the employer must pay to keep the bike, you may be asked to pay 18% of the value for a bike costing less than £500, or 25% for one costing £500+.

More often, though, your employer will agree to extend the hire period by up to 36 months. During this time you make no further payments and at the end of the term the bike’s fair market value is considered negligible and ownership will be transferred to you.

How much will I actually save?

This all depends on your own tax status. Generally, without taking into account any payments or deposits at the end of the hire term, basic rate taxpayers will save 32% and higher rate taxpayers 42%.

Can I use my voucher to buy discounted bikes?

Yes, however we have to reduce the discount by 10% on discounted items due to the Scheme's admin charges. So, for example, an existing 25% discount becomes 15% on the Scheme (remember, you still get the additional Cycle to Work discount on top of this).

Tredz Online Sales, Castell Close, Swansea Retail Park, Llansamlet, Swansea, SA7 9FH
E-mail: | Tel: 01792 799508