Cycle to Work is a government scheme, aimed at making cycling more affordable and accessible for both commuters and leisure riders.
It's a simple three-step process, which will help you save up to 42% on a brand new bike, cycling accessories, or a combination of the two. You can take advantage of this scheme in any of our stores, or online if you’re not so local.
Savings are made because your employer is buying the bike on your behalf, saving the VAT in the process, and then offsets the remaining value against your personal tax contributions.
We also contribute 10% so there is a cost to the dealer, which is why vouchers can sometimes not be used on sale bikes. This amount is split into 12 interest-free monthly payments, so the maximum you’ll be paying on a monthly basis (should you use the full voucher entitlement) will be a manageable chunk of the voucher's value.
Further information can be found on CycleScheme's consumer website.
Due to administration charges levied on us, there is a 5% on RRP of the bike surcharge when using Halfords Cycle to Work Vouchers.
If you’re a UK employee, Cycle to Work allows you to spread the cost of a new bike and equipment (depending on the provider this can be from £1000 - £5000 in total), by paying in installments taken directly from your wage. The payments are taken out of your gross wage and your Tax & NI contributions are then worked out based on your new lower gross wage, saving you money on your new bike and equipment.
You’ll enter into a hire agreement with your employer, who owns the bike for the period of the agreement. At the end of this period, you then have the option of buying your bike or continuing to use it while you work for the company. If you decide to purchase the bike, the balance you owe will be based on a percentage of how much the bike was worth at the time you took out the Cycle to Work scheme.
With the Cycle to Work scheme you can get £1000 - £5000 (dependant on the provider) of vouchers to spend on:
- Any adult bikes (maximum of 2 bikes)
- Cycle helmets
- Bells and bulb horns
- Lights including dynamo packs
- Mirrors and mudguards
- Cycle clips and dress guards
- Panniers, luggage carriers and straps to allow luggage to be safely carried
- Locks and chains to secure the bike
- Pumps, puncture repair kits, cycle tools and tyre sealant to allow for minor repairs
- Reflective clothing
This means you don’t actually have to use your voucher to buy a bike, you can use the scheme just on accessory upgrades for your current bike, like a faster set of wheels or a digital gear setup.
With our stores, you’re quite welcome to top up above the value of your voucher, so don’t worry, you’re not restricted in any way. For example, if your dream ride is more than the voucher's value, simply pay the cash difference or finance the balance.
PLEASE NOTE:
Sale-priced bikes can't be used in conjunction with any Cycle to Work vouchers. If you wish to use a cycle-to-work voucher the bike would be priced at RRP.
All our stores are affiliated with the following nationwide schemes and accept vouchers from the following partners.
We accept vouchers from:
Electric bikes are an increasingly popular option for commuting; they're easy to ride, green and cheap to run. Most e-bikes come in at over £1000 [the current limit for most Cycle to Work applications]; however, we've partnered with a specialist e-bike Cycle to Work provider - Green Commute Initiative. The Green Commute Initiative scheme doesn't have this £1000 limit, so it covers the often higher price of electric bikes. Although the scheme is pitched at electric bikes, mechanical bikes are also available through the scheme, so it's ideal whether you're after your dream mechanical bike or an awesome electric bike.