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Cycle To Work Scheme

Cycle To Work

Cycle to Work Day 2018

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 Cycle to Work Scheme that makes a new commuter bike much more affordable.


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 you will be able to pay in instalments. 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. See how much you can save with our handy Cycle to Work calculator.

Tredz accepts cycle to work vouchers from all these providers.

Cycle2Work Halfords Cycle Scheme Cycleplus
Bike 2 Work Scheme Salary Extras Enjoy Benefits

How does the Cycle to Work scheme work?

4 Simple steps


Select your products icon

Select your products

Select the products you would like or choose your certificate amount

Email your quote to your HR department

Email your quote

Email your quote directly to your HR department

Get your certificate and send to Tredz

Get your certificate

Once received from your HR department send it to us. Or redeem online for Cyclesheme & Halfords Cycle2Work

We'll call you to arrange delivery

Arrange delivery

One of our team will call to arrange delivery of your items


Will the bike be reserved for me straight away?

We are unable to reserve a bike until we have received your certificate. As soon as we have your certificate we can arrange delivery.

Can I add money for a more expensive bike?

That depends on the Cycle to Work provider. With Cyclescheme you can top up the difference between the price of the bike and the maximum allowed through the Cycle to Work scheme. Unfortunately you can't top up with the other providers.


Redeem online with Tredz

Halfords Cycle2Work Letter Of Collection

A Halfords Cycle2Work Letter of Collection (LOC) can be redeemed with Tredz through our online checkout, speeding up your ordering process so you receive your new bike, clothing and accessories even quicker.

How does it work?

  • Have your Letter of Collection to hand which contains your LOC number.
  • Add the eligible items to your basket that you wish to purchase through the scheme.
  • In your basket, enter your LOC number and surname click ‘apply’. You’ll see the value of your certificate removed from your order total.
  • Continue through the checkout process as normal, choosing a delivery address that suits you.
  • Complete your purchase and we will arrange delivery.
Cyclescheme certificate example

Cyclescheme Certificates

Cyclescheme certificates can be redeemed with Tredz through our online checkout for quick and easy ordering, so you get your new bike, kit and accessories even faster.

How does it work?

  • Have your certificate to hand which contains your certificate number and redemption code.
  • Add the eligible items to your basket that you wish to purchase through the scheme.
  • In your basket, enter your certificate number and click apply. You will see the value of your certificate removed from your order total.
  • Continue through the checkout process as normal, choosing a delivery address that suits you.
  • At the last stage of the checkout, simply enter your redemption code to fulfil your Cycle Scheme payment.
  • Complete your purchase and we will arrange delivery.

Cyclescheme certificate example

Can I add Items not eligible for the cycle to work scheme?

Yes, orders containing any items not included in the cycle to work scheme can be paid for separately by Card, PayPal or with gift vouchers through the checkout process. 

Only products with the  Cycle 2 work icon  icon are eligible under the scheme. View our range of eligible products here.


City cyclist

C2W hybrid example

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. Spread the cost for less than £30 a month if you're a basic rate taxpayer. That's a saving of 32% for your commute to work.

  • Total cost of bike and accessories £513.97
  • Income tax saved £102.51
  • National insurance saved £61.51
  • Final cost of bike and accessories £349.95
  • Cost to you each month £29.13

C2W hybrid example

Countryside commuter

C2W MTB example

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% with your bike to work scheme.

  • 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

C2W MTB example

Cycle to work calculator

£
£
£
£
Cycle to Work Calculator arrow
Cost You pay
Bike £750.00 £510.00
Helmet £50.00 £34.00
Accessories £100.00 £68.00
Normal Cost Cycle to Work Saving
Monthly £75.00 £51.00 £24.00
Weekly £17.31 £11.77 £5.54
Fortnightly £34.62 £23.54 £11.08
Four Weekly £69.23 £47.08 £22.15
Total £900.00 £612.00 32%

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.
  • Your company needs to be registered to a Cycle to Work scheme.

Eligible Items

Cycle to Work covers the following bikes and safety equipment:

  • Bikes* (including Tricycles & E-bikes)
  • Cycle helmets (conform to EU standard EN 1078)
  • Bells & bulb horns
  • Lights, including dynamo packs, White front reflectors & spoke reflectors
  • Mirrors & mudguards
  • Reflective clothing, Cycle clips & dress guards
  • Panniers, luggage carriers and straps
  • Child safety seats
  • Locks & chains
  • Pumps, puncture repair kits, cycle tool kits & tyre sealant

*Excludes Kids, Junior and Nearly New Bikes


Frequently asked questions

We have split our FAQ into three sections to make it easier for you to find the information you need to make an order.

Before you order

Am I eligible for Cycle to Work?

Everybody who earns their salary via PAYE (Pay As You Earn) can participate in the Cycle to Work scheme.

Please note: You will not be eligible to use the scheme if your salary sacrifice drops your gross pay below that of minimum wage.

Can self-employed people use the Cycle to Work Scheme?

You can sign yourself up to a Cycle to Work scheme as long as you pay your tax through PAYE.

What items are eligible with Cycle to Work?

All bikes except kid's bikes and nearly new bikes are eligible for purchase through Cycle to Work. You can choose a lightweight road bike, sporty hybrid, rugged mountain bike or compact folding 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
What Cycle to Work vouchers do you accept?

We accept Cycle to Work 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 Cycle2Work vouchers. If your voucher is from any other scheme, please get in touch at info@tredz.co.uk to check if we can accept it.

What is Cyclescheme?

Cyclescheme is the UK’s leading cycle to work scheme that lets you save up to 42% on a new bike and cycle safety equipment. Your employer buys your items and leases them to you through an interest-free salary sacrifice and you save on tax and national insurance.

Cyclescheme is the only scheme that lets you top up your contributions enabling you to buy a more expensive bike.

What is the Halfords Cycle2Work Scheme?

With the Halfords Cycle to Work scheme you can save up 42% on the cost of a new bike and cycle safety equipment. You hire your items from your employer in exchange for a small monthly deduction from your salary, saving on tax and national insurance.

My employer hasn't set up a Cycle to Work Scheme, what do I do?

If your organisation hasn't yet set up a bike to work scheme, just give us a call on 01792 799508 or email info@tredz.co.uk and we'll help them to get it set up.

While you order

How can I get a Cycle to Work quote?

We’ve made Cycle to Work easy with our handy online quote form. It only takes a few moments to complete. Start your quote here.

How much will I save on the Cycle to Work scheme?

How much you can save depends on your own tax status. Generally, without taking into account any payments or deposits at the end of the hire term a basic rate taxpayer will save 32% and a higher rate taxpayer 42%.

Use our Cycle to Work calculator to see how much you can save.

How much can I spend on a Cycle to Work scheme?

For most people the maximum you can spend is £1,000 including VAT.

However, with Cyclescheme, if you want a more expensive bike, you can top up your contributions to cover the difference. Unfortunately, you can't top up beyond the maximum with other Cycle to Work providers.

Can I buy sale items through Cycle to Work?

Yes, you can use your Cycle to Work voucher on any discounted or clearance bike and eligible accessories.

Can I price match items on the Cycle to Work scheme?

Unfortunately, price match is not eligible on Cycle to Work orders.

Can I buy more than one bike with my Cycle to Work voucher?

You can buy multiple bikes as long as the total basket does not exceed the value of your voucher.

Can I only use my Cycle to Work bike to commute to work?

Government guidelines say your bike should be used at least 50% of your commute to work. However, it is completely fine to use your bike for leisure as well.

Where is my Cyclescheme certificate number and redemption code?

Your certificate number and redemption code can be found on your Cyclescheme certificate, which will be given to you by your HR department.

After you order

When will the first Cycle to Work payment be deducted from my salary?

Usually your first payment will be taken from the next salary period after you signed your hire agreement.

Who owns the bike on a Cycle to Work scheme?

For the duration of your hire period it is your employer that owns your bike and equipment. Your employer buys your bike and equipment and the leases it to you through an interest-free salary sacrifice scheme. The cost of your items is deducted from your salary as a non-cash benefit, so you can get savings on tax and national insurance.

Do I need to insure my bike on a Cycle to Work scheme?

It is your responsibility to insure your bike. If your bike is stolen or damaged beyond repair, you’ll continue to make your monthly payments until it has been paid for. We highly recommend you insure your bike.

What happens at the end of the Cycle to Work hire agreement?

To keep the Cycle to Work scheme tax free, there is no guarantee your employer will transfer ownership to you at the end of the hire period. This is usually what happens, but just make sure you check with your scheme provider first.

You have 3 options on how to end your hire agreement.

1. You can choose to return your bike to your Cycle to Work provider

2. You immediately take ownership of your bike and pay up to 25% of the ‘fair market value’

HMRC has set fair market values that employers must pay to keep the bike. So, you may be asked to pay up to 25% of the value of a bike costing more than £500 after 12 months.

Fair Market Value

Age of bike Less than £500 More than £500
1 year 18% 25%
18 months 16% 21%
2 years 13% 17%
3 years 8% 12%
4 years 3% 7%

3. Extend your hire agreement to 36 months for a single small refundable deposit (3% or 7%).

During your extended hire agreement, you will make no further monthly payments. At the end of the 36 months you can either choose to send your bike back to your Cycle to Work provider (and your deposit will be refunded) or you take ownership of the bike. No further payments are needed.

What happens if I leave my employment during my Cycle to Work scheme?

If you leave employment during your hire agreement any balance remaining will be repaid from your final net salary. Unfortunately, you will not benefit from tax and National Insurance savings.