CYCLE TO WORK
The Cycle2Work scheme is
a government tax exemption
that allows employers to loan
adult cycles and cyclists’ safety
equipment to employees as a taxfree benefit.
Who is the supplier?
Thanks to this tax exemption, we
are giving you the chance to let
your employees get their hands
on a brand new bicycle and safety
equipment from the UK’s widest
selection at Halfords. They save by
paying for this benefit out of pre-tax
salary and reducing the amount of
income tax and National Insurance
Contributions (NIC) that they need
to pay.
Your employees can choose from
the wide range of bicycles and
cycling safety accessories and even
if they have a preferred brand that
Halfords do not normally stock, they
can call the Halfords’ dedicated
Cycle team on 08700 660 511 who
will, subject to availability, source
their bicycle.
Whether they fancy a full
suspension mountain bike,
road bike, hybrid or even folding
commuter model, they could soon
have the use of a bicycle for getting
to work and in their leisure time;
saving their waistline, saving money
and helping to save the planet.
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Halfords are the UK’s largest
suppliers of cycles and cycling
safety equipment. There are over
430 stores across the UK, including
the growing Bikehut specialist chain.
How does it benefit?
By taking part in the scheme your
employee spread the cost of using
their bicycle over 12-months.
Though they will have full use of the
bicycle, you, the employer, will own
it for the duration of the scheme.
At the end of the period of hire, you
may decide to sell the bicycle and
equipment to your employee for
its fair market value at that time or
you may offer them the option of
transferring ownership to Halfords
until the residual value of the bicycle
has disappeared.