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Cycle To Work Scheme

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. Riding a bike on your daily commute is a great way to get fitter as well as helping the environment. With a Cycle to Work scheme you can save money too.

Tredz accepts cycle to work vouchers from: Halfords Cycle2Work, Cycle Scheme, Cycle Plus, Bike2Work, SalaryExtras and Enjoy Benefits.

How does the Cycle to Work scheme work?

With Cycle to Work 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.

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

Can I buy an ebike on the Cycle to Work Scheme?

Yes, e bikes are included in the Cycle to Work Scheme. Some employer schemes have raised the limit to £2,000. This means that you can choose between a range of ebikes without the need to top up. Even if your employers’ scheme is limited to £1,000 most providers allow you to top up with your own funds to buy a more expensive electric bike.

Cycle to work calculator

Cycle to work calculator

Cycle to Work Calculator arrow
Cost You pay
Bike £2000.00 £1360.00
Helmet £50.00 £34.00
Accessories £100.00 £68.00
Normal Cost Cycle to Work Saving
Monthly £179.17 £121.83 £57.33
Weekly £41.35 £28.12 £13.23
Fortnightly £82.69 £56.23 £26.46
Four Weekly £165.38 £112.46 £52.92
Total £2150.00 £1462.00 32%

Example: LOC/Certificate Value = £1,000 | Your dream bike = £1,500

We’ll take the LOC/Certificate value off this item and the remaining amount of £500 can be paid using an alternative method.

Top-up with either a card

Redeem online with Tredz

For a step by step process of how to place your order with us, select the cycle to work provider that your employer uses. If you are unsure which provider your company uses or your cycle scheme employer code, your HR department will be able to tell you.

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.

Visit our commuter hub to find out how to make the most of your ride to work

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

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?

Any bike that you can use for commuting is eligible to buy through Cycle to Work. You can choose a lightweight road bike, sporty hybrid, rugged mountain bike, compact folding bike or even an ebike. Kid’s bikes are not eligible.

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.

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, please speak to your HR department they should be able to set this up for you. Our two most popular providers Halfords and Cyclescheme provide employer information to make this set-up easy.

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.

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 some scheme provider, 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.

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.