Cycle2Work

Help your workforce save between 32% to 47% on new cycling equipment in exchange for part of their pre-tax annual salary.

Save Big and Go Green with Our Salary Sacrifice Cycle2Work Scheme

Each Person’s Cycle2Work salary sacrifice scheme offers employees a tax-efficient way to purchase a bicycle and cycling equipment for commuting, promoting both health and environmental sustainability. Through this scheme, employees can save between 32% to 47% on new equipment whilst enjoying reduced Income Tax and National Insurance contributions by sacrificing a portion of their gross salary to cover the cost of the bike and equipment.

What Does the Cycle2Work Scheme Involve?

Employees can choose from a range of bicycles and accessories from Halfords, Tredz or other participating retailers, and the cost is deducted from their salary over an agreed period. Because the payments are taken before tax, employees can save up to 47% on the total cost, depending on their tax bracket. This makes it an affordable option for those looking to switch to greener, healthier modes of transport.  

If your people use the Cycle2Work salary sacrifice, they will also receive unbeatable benefits, such as:
• 10% Off cycling essentials at Halfords for 12 months
• Unlimited lifetime safety checks on all bicycles obtains through this scheme
• Lifetime guarantee on Halfords brand bicycles
• 14-day free day cycle insurance
• Access to sales and promotions from Halfords and Tredz

How Can It Benefit Your Business?

For employers, offering the Cycle2Work scheme helps promote a more active and eco-friendly workforce while enhancing employee benefits. It can also contribute to reduced parking demand, lower carbon emissions, and a healthier team.  

Each Person’s Cycle2Work scheme is easy to manage, with minimal administration required. It offers employees an attractive, money-saving incentive to cycle to work, benefiting both their health and their finances. By encouraging sustainable commuting, businesses can support environmental goals while boosting employee wellbeing and satisfaction.