Cycle2Work
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- Cycle2Work schemes we accept At Halfords, we only accept Cycle2Work. Tredz also accept Cycle2Work as well as Cycle Scheme and Bike2Work Halfords and Tredz do not accept Cycle Plus, Cycle Solutions and NHS schemes.
- What happens at the end of the Cycle2Work hire period? When your hire period is coming to an end, the Cycle2Work team will contact your employees via email and present the three post-hire period options below for them to choose from. Zero Cost Extended Hire: This allows your employees to opt into an extended rental agreement at NO additional cost.…
- How quickly can employees collect their bike with Cycle2Work? As soon as you approve their Cycle2Work application, your employees will be immediately sent their Letter of Collection (LoC) via email. Providing their products are in stock, your employee can simply present their LoC, a form of ID, and collect their items! If their products are not in stock, they can…
- Cycle2Work 20% discount card The Cycle2Work card entitles holders to 20% off all cycling parts and accessories, excluding technology. Your card will be sent to you through the post approximately 6 weeks after your Letter of Collection (LoC) has been redeemed in-store at Halfords. The card is valid for the duration of the hire agreement…
- What is a 'Letter of Collection' or 'LoC'? A Letter of Collection or LoC is exactly what it says - a letter that your employees use to collect their chosen bike and accessories for our Cycle2Work scheme! You will be sent this via email or post once your application is approved. For further assistance please click here
- Where can employees redeem Cycle2Work? Cycle2Work is supported by a wide range of specialist bike dealers, catering to everyone regardless of their needs, budget, location or journey to work! This includes Halfords: 465+ stores and online via Click & Collect at www.halfords.com, Tredz: online at www.tredz.co.uk, and independent bike stores:…
- How much can employees apply for with the Cycle2Work scheme? This is completely up to you! The employee chooses their Cycle2Work limit when they set up their scheme. For further assistance please click here
- What is a 'Letter of Redemption' or 'LoR'? A 'Letter of Redemption' or 'LoR' is exactly what it says - A letter that you use to redeem your chosen services! You will be sent this via email once your application is approved. For further assistance please click here
- Can I raise my Cycle2Work scheme limit? Absolutely! Please get in touch with us to organise this by clicking here.
- What is the salary sacrifice for Cycle2Work? Salary sacrifice is where an employee agrees to give up part of their pre-tax salary in exchange for a benefit from their employer, in this case, the hire of a cycle and/or cycle accessories through the Cycle2Work scheme. Since a portion of the salary is foregone, the employee pays less tax and National…