CYCLE TO WORK
Halfords
ABOUT
As an employee, the Cycle2work scheme allows you to make huge savings on a new bike and any safety equipment. You can save up to 42% because the scheme acts as a tax break, which means you can get a brand new bike without paying tax and national insurance on it.
HOW IT WORKS
You'll basically be hiring the bike from your employer in exchange for a small amount of your salary being taken over a monthly basis. It'll be deducted over a 12 or 18 months, depending on what works best for your budget.
WHAT TO DO
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If they haven't already, get your employer to sign up for the scheme by going to www.cycle2work.info
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Choose your bike and accessories in store - we might have your ideal bike in stock, but if not, we can order it for you direct from Raleigh - pop in and discuss your needs with us
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Apply online. Your employer can then approve the total cost and you'll need to sign a hire agreement.
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You will be sent a Letter of Collection, which you bring to us together with some ID, and we will release the bike to you
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After the monthly payments, your employer can transfer the ownership of the bike to you for a fair price.
For more information, see the FAQ on the Halfords website