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.
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Select the products you would like or choose your certificate amount
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Email your quote directly to your HR department
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One of our team will call to arrange delivery of your items
We are unable to reserve a bike until we have received your certificate. As soon as we have your certificate we can arrange delivery.
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.
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?
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?
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 icon are eligible under the scheme. View our range of eligible products here.
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% for your commute to work.
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.
|Normal Cost||Cycle to Work||Saving|
To benefit from the Cycle to Work scheme's tax and national insurance savings, you must:
Cycle to Work covers the following bikes and safety equipment:
*Excludes Kids, Junior and Nearly New Bikes
We have split our FAQ into three sections to make it easier for you to find the information you need to make an order.
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.
You can sign yourself up to a Cycle to Work scheme as long as you pay your tax through PAYE.
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:
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 firstname.lastname@example.org to check if we can accept it.
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.
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.
If your organisation hasn't yet set up a bike to work scheme, just give us a call on 01792 799508 or email email@example.com and we'll help them to get it set up.
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 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.
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.
Yes, you can use your Cycle to Work voucher on any discounted or clearance bike and eligible accessories.
Unfortunately, price match is not eligible on Cycle to Work orders.
You can buy multiple bikes as long as the total basket does not exceed the value of your voucher.
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.
Your certificate number and redemption code can be found on your Cyclescheme certificate, which will be given to you by your HR department.
Usually your first payment will be taken from the next salary period after you signed your hire agreement.
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.
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.
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|
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.
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.