Save up to 43.5% with a tax free bike Save up to 43.5% with a tax free bike

The Cycle To
Work Scheme

What is The Cycle To Work Scheme?

The Cycle to Work scheme is a great way to get up to 43.25% off
the price of a new bike and safety equipment
.

This government backed salary sacrifice scheme is available to PAYE employees in the UK and is the most cost-effective way to get a bike for commuting. You can even get an e bike to make your commute easier. Save money with tax free bikes.


How does it work?

Cycle to work is a salary sacrifice scheme. This means the cost of a new bike and cycling equipment is deducted from your salary as a non-cash benefit, so you save on tax and national insurance. Your employer buys the bike for you to ride to work and you ‘hire’ it from them. The ‘hire’ period is usually 12 or 18 months with monthly payments taken directly from your payslip before tax deductions.

As you don’t pay income tax or national insurance on the scheme payments you will save between 33.25% and 43.25% (depending on your tax band) on the overall cost of your new bike and accessories. Although your employer owns the bike, effectively it’s yours to use as you wish throughout the ‘hire’ period.


How do I take advantage of the scheme
and save up to 43.25%?

Select your products icon
Select your products icon

Contact your HR Department

Contact your HR Department

They'll be able to tell you your employee code, the max you can spend through the scheme, alongside who your employers C2W provider is.

Email your quote to your HR department
Select your products icon

Choose your cycling equipment

Choose your cycling equipment

Now you know how much you can spend, start searching our website for the bike and equipment you would like to purchase (Take a look here for the items that are excluded from the scheme). Make a note of the total cost of your basket, you'll need this for your voucher, or use our online quote form.


Get your certificate and send to Tredz
Select your products icon

Get your Cycle to Work Voucher

Get your Cycle to Work Voucher

  • Different scheme providers have different names for the cycle to work voucher:
    • i. Halfords Cycle 2 Work = LOC (Letter of Collection)
    • ii. Cyclescheme = Certificate Number and Redemption Code
    • iii. Other Schemes = Cycle to Work Voucher
  • Get your Halfords LOC Cycle to Work Voucher here
  • Get your Cyclescheme Certificate Number and Redemption Code here
  • For other providers contact your HR department
We'll call you to arrange delivery
Select your products icon

Redeem your voucher

Redeem your voucher
at Tredz

  • You can do this directly at checkout for Halfords Cycle 2 Work and Cyclescheme. Enter your voucher code at the checkout by clicking the Cycle 2 work icon ‘Redeem a cycle to work voucher’ box. You can then arrange delivery of your order as normal.
  • For other providers, email us your signed and dated voucher with details of your order. We will be in touch to arrange delivery.
Checkout - Enter Halfords LOC number & surname
Checkout - Cyclescheme - Enter Certificate Number

Select your products icon

Contact your HR Department

They'll be able to tell you your employee code, the max you can spend through the scheme, alongside who your employers C2W provider is.

Email your quote to your HR department

Choose your cycling equipment

Now you know how much you can spend, start searching our website for the bike and equipment you would like to purchase (Take a look here for the items that are excluded from the scheme). Make a note of the total cost of your basket, you'll need this for your voucher, or use our online quote form.


Get your certificate and send to Tredz

Get your Cycle to Work Voucher

  • Different scheme providers have different names for the cycle to work voucher:
    • i. Halfords Cycle 2 Work = LOC (Letter of Collection)
    • ii. Cyclescheme = Certificate Number and Redemption Code
    • iii. Other Schemes = Cycle to Work Voucher
  • Get your Halfords LOC Cycle to Work Voucher here
  • Get your Cyclescheme Certificate Number and Redemption Code here
  • For other providers contact your HR department
We'll call you to arrange delivery

Redeem your voucher at Tredz

  • You can do this directly at checkout for Halfords Cycle 2 Work and Cyclescheme. Enter your voucher code at the checkout by clicking the Cycle 2 work icon ‘Redeem a cycle to work voucher’ box. You can then arrange delivery of your order as normal.
  • For other providers, email us your signed and dated voucher with details of your order. We will be in touch to arrange delivery.
Checkout - Enter Halfords LOC number & surname
Checkout - Cyclescheme - Enter Certificate Number

From Home 2 Home

If you're working from home, why not do a
"Fake Commute" to get those miles in?

With more and more people working from home, the morning commute has changed. With less people commuting from home to their office, we're cycling from home, to home instead; by continuing our morning commute, in whatever way, we're still getting those miles (and those smiles) into our bodies. Take a look at some of the Tredz Team to see what their morning commutes look like…


What Can I buy with my Cycle to Work voucher?

The links below will take you to the bikes, clothing and accessories that are eligible for the Cycle to Work scheme


Find your C2W Provider

Find out more about the cycle to work scheme that your employer uses by clicking the link below. Contact your HR department to find out which scheme your company uses.


Why buy a bike from Tredz?


How much can I save?

You can save between 33.25% and 43.25% on a new bike with the cycle to work scheme. Find out exactly how much you will save by using our cycle to work calculator.

Cycle to work calculator

£
£
£
£
Cycle to Work Calculator arrow 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
Total £2150.00 £1462.00 32%


Your cycle to work quote

You can use our cycle to work quote form to help you organise you C2W claim, or just note the amount you want to spend for your application.


What happens at the end of the hire agreement?



1

You can return the bike

2

You immediately take ownership of your bike and pay a fee based on ‘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.

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.


Age of Cycle

HMRC Fair Market Value

Original price of bike under £500

Original price of bike over £500

  • 1 year
  • 18%
  • 25%
  • 18 months
  • 16%
  • 21%
  • 2 years
  • 13%
  • 17%
  • 3 years
  • 8%
  • 12%
  • 4 years
  • 3%
  • 7%

* Please note: there is no guarantee that your employer will transfer ownership to you at the end of the hire period. Usually employers are happy to do this, but you should check with your HR department to be sure.


Frequently Asked Questions

See our FAQ page for more information on cycle to work schemes.