Cycle2Work

Browse most popular articles in Cycle2Work

• 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. Cycle2Work
• 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 for them to choose from. Check out our Cycle2Work page which breaks down the three options we offer. Cycle2Work
• What is a Cycle2Work '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! Check out our Cycle2Work page for more information. Cycle2Work
• What happens if an employee leaves or is made redundant during the Cycle2Work scheme? If an employee were to leave your company or be made redundant during their Cycle2Work salary sacrifice period, the remaining balance would simply be deducted from their last payslip as a net deduction. For more information check out our Cycle2Work page. Cycle2Work
• 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…
• How to use the Cycle2Work 'Letter of Collection' on Halfords.com Once you have received your 'Letter of Collection' via email or post, you are free to place your order on Halfords.com. Start by adding your item/items to the basket making sure the delivery option is for 'Click & Collect'. You then need to click on the basket in the top right-hand corner and proceed…
• How much can employees apply for with the Cycle2Work scheme? This is completely up to you! Employees can choose their Cycle2Work limit when they set up their scheme. Cycle2Work
• Can kids bikes be redeemed through Cycle2Work? No, the bike must solely be used by yourself, mainly for commuting purposes. 
• 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 check our Cycle2Work page. Cycle2Work
• Will joining Cycle2Work affect employees' pensions or other benefits? In some cases yes, although any effect is likely to be small. Your employees need to be made aware of the implications of paying less tax and NI contributions and accepting a reduced salary. They should get professional advice if they have any concerns or need more information. Cycle2Work