Save up to 47% on your new bike and accessories with the Halfords Cycle2Work scheme
Cycle2Work is a government-backed program designed to provide a cost-efficient way to purchase new cycling equipment. The scheme is available through participating employers, allowing you to save up to 43.25% by avoiding tax and National Insurance on your purchase. The reduced cost is conveniently spread over 12 or 18 months and deducted directly from your payslip.
What could I save ?
The amount you can save is dependent on your tax band. Don't forget, you can access offers and promotional savings such as Christmas and Black Friday on top of Cycle2Work savings.
Use the Halfords Cycle2Work calculator below to see how much you can save.
How to order through Halfords Cycle2Work Scheme
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How to apply
1. Employer code
If your employer has a live scheme, you’ll either be given an employer code to sign up directly through Cycle2Work, or be pointed towards your benefits portal to apply.
2. Choose your value
Choose your bike and/or accessories online before applying so you know the total value to apply for.
3. Sign up
Now that you have your employer code and total value, you’re ready to sign up.
4. Approval
Once your employer has approved your application, you’ll receive a ‘letter of collection’. -
How to buy
5. Use your ‘letter of collection’
You can buy your bike and/or accessories in online using your letter of collection. Please email the voucher to us.
6. Pay monthly
Once your scheme starts, the salary sacrifice will be deducted out of your payslip over 12 or 18 months.
7. End of scheme/Ownership
Once your hire period has come to an end, Halfords will get in touch to discuss your options. This will include the opportunity to extend the hire of the cycle at no additional cost until HMRC deem the value to be negligible. This is typically 4 or 5 years, and once this agreement has finished you will become the rightful owner.