Up to 50% off the retail price of a new bike for cycling to work - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit
This has been posted before but thought it was time for a refresh on a great deal!

Cycle to Work is a tax incentive aimed at encouraging employees to, er, cycle to work, thereby reducing air pollution and improving their health.

The scheme allows employees to benefit from a long term loan of bikes and commuting equipment such as lights, locks and panniers completely tax free.

Employers benefit from fitter, more punctual, more wide-awake staff. Employees benefit from better health and better bikes because their money goes further. With a budget of, say £400, an employee in the high tax-band can now afford a bike, plus accessories, worth nearly £800.

The typical saving for an average tax-payer is between 38-45 per cent. There are online calculators to help you see how much you may be able to save. This one is from Cyclescheme. Type in your salary, the cost of your new bike and the cost of accessories such as a helmet, lock, panniers and so forth.
More From Testing:

All Comments

(46) Jump to unreadPost a comment
Comments/page:
Page:
1 Like #1
Recently the council I work for started offering an interest free loan which was similar.. I pay £20 a month for a bike worth £700 - it really is an excellent scheme this - I don't recommend cycling 30 miles a day though, energy levels are not so good in the cold! Everyone who can should be cycling to work, it really wakes you up in the morning :)
Another plug for [url]www.wiggle.co.uk[/url] (twice in one day!) really helped me with sorting out bikes
Here's their page on this : http://www.wiggle.co.uk/CustomerServices/cycle2work.aspx
2 Likes #2
It's worth badgering your HR department if your company currently doesn't operate the cycle2work scheme. It is your entitlement as a taxpayer to participate so give em' some grief!

p.s. will someone please give me some rep for this post as I normally post ice-cold deals!

:cry:
#3
This is a good deal. However, you're restricted to Halfords. I wish you could do it with some of the bigger online retailers like Wiggle and Chainreaction. They have a much better range. Halfords does have an alright range if you manage to find it on their terrible website. Not sure if they can just order any bike in but it's always at the rrp.

Ebay is a great place for second hand bikes if you know your stuff. Just search for ones in your area to save on postage and so you can check it out.
#4
carleast
This is a good deal. However, you're restricted to Halfords. I wish you could do it with some of the bigger online retailers like Wiggle and Chainreaction. They have a much better range. Halfords does have an alright range if you manage to find it on their terrible website. Not sure if they can just order any bike in but it's always at the rrp.

Ebay is a great place for second hand bikes if you know your stuff. Just search for ones in your area to save on postage and so you can check it out.



not true about only for halfords. any decent bike shop will do it. the link above your post shows wiggle do it
#5
I work for the NHS lothian. I work shifts, so wouldn't be able to use the bike all the time. Do you think that would matter?
1 Like #6
www.cyclescheme.co.uk has quite a few retaliers on board, you can avoid Halfords that way.
www.cycle2work.info is Halford's version.
As mentioned above, http://www.wiggle.co.uk/CustomerServices/cycle2work.aspx is Wiggle's one.
Chainreaction's at http://www.chainreactioncycles.com/Information.aspx?TranslationLargeID=34
I'm not sure if you're able to run it without reference to these organisations. I believe you can however - it's effectively just an arrangement between you and your employer.
#7
spudgun;1746634
I work for the NHS lothian. I work shifts, so wouldn't be able to use the bike all the time. Do you think that would matter?

Unlikely, it seems as if there are nigh on zero check and balances on this scheme.
#8
After almost 2 years of shouting we have this scheme coming in later this year.

Spudgun, I was under the impression that the only proviso was that the bikes 'main' use would be to and from work.
This was in an effort to stop people just buying for home use, not that anyone would check.

It didnt mention that you had to bike every work trip with it.
#9
Great idea but do invest in a set of good lights if you're going to cycle in the dark.
#10
Posted before so voted cold! Churning deals or starting a revolution is not what this site is about...
#11
spudgun
I work for the NHS lothian. I work shifts, so wouldn't be able to use the bike all the time. Do you think that would matter?


As long as you use the bike for commuting more than you use it for personal use (i.e. 51% of the time) then its allowable.

However there are no checks and you aren't required to keep reccords so i'm sure you'll be ok.

M
#12
leedavis88;1746711
Posted before so voted cold! Churning deals or starting a revolution is not what this site is about...

It was 5 weeks ago, and it only shows on an advanced search.

I think its worth a mention, considering its such a good deal when measured against many others posted here.
#13
I haven't seen this deal before - a GREAT post!
#14
While this is a great idea in principle - the discount only applies based on your marginal tax rate..

So a student trying to buy the same bike as a millionaire needs to pay twice as much.

And to think the government cannot understand why the rich get richer and the poor get poorer?
#15
leedavis88
Posted before so voted cold! Churning deals or starting a revolution is not what this site is about...


Get a Life!
This site is about 'hot deals' is it not? This deal is hot (50% off)!
It may well have been posted before (not recently), it's nice to have a reminder for newer members who may not want to trawl through dozens of pages.

Voted hot
#16
Its says that you are renting the bike from your employer, and at the end of the year, you have the option to buy the bike at a 'fair market value' I'm just a bit concerned if you by a Bike for say £500, at the end of the year could they ask for £150.

Could anybody shed some light on this??
#17
ibiza;1746784
While this is a great idea in principle - the discount only applies based on your marginal tax rate..

So a student trying to buy the same bike as a millionaire needs to pay twice as much.

And to think the government cannot understand why the rich get richer and the poor get poorer?

Yay a small tax rebate for the worker !!:p
#18
zippy500;1746814
Its says that you are renting the bike from your employer, and at the end of the year, you have the option to buy the bike at a 'fair market value' I'm just a bit concerned if you by a Bike for say £500, at the end of the year could they ask for £150.

Could anybody shed some light on this??


I believe its the same as our recently finished computer scheme.

A £1000 computer had a £50 final payment.
I think this is set by the employer ????
#19
My employer is a large multi utility, I joined the cycle to work scheme and hopfully should be receiving the Halfords voucher next month. There end of hire purchase price is estimated at 3%. They have always been fair i.e. similar computer scheme was 3% to own outright.

I have a company car and was a litlle concerned that I would not be eligible, but no probs....
#20
Yeah we had a PC scheme too, buy price was about 10 pounds after the 3 years - so I wouldn't let that put me off.

Only reason I couldn't go for it is that I live 20 miles from work - would be a stretch saying I did that twice a day! Especially if you ever met me....Lance Armstrong I ain't! :)
#21
i wish that you could benefit from it if your were self employed....
banned#22
Wolfylee
Yeah we had a PC scheme too, buy price was about 10 pounds after the 3 years - so I wouldn't let that put me off.

Only reason I couldn't go for it is that I live 20 miles from work - would be a stretch saying I did that twice a day! Especially if you ever met me....Lance Armstrong I ain't! :)


I had to do 12 miles to work and back for 2.5yrs before I finally passed my driving test, got hit by cars three times hospital only once though, I was as fit as a stalk I tell you... managed to cycle 100 miles in 8hrs to London from home and back. That was 5-6yrs ago though, getting back into cycling now but it's mostly because my car is falling apart, petrol prices and being forced to buy my mates bike before anyone else does.
#23
neal
i wish that you could benefit from it if your were self employed....


& I wish I could get cash in hand for *some* of the work I do.
#24
This is a great opportunity to actually get some of YOUR money back from the government.

eg: for a £1000 bike (the absolute max price) you would make 12 payments of £83.33 less the national insurance and income tax contributions you would have paid on the £83.33, so roughly a third off. This is all deducted from your wages by your employer.

Halfords arent the only people who do the bike 2 work scheme, Planet X also do it and your own employers could easily set a scheme up.

You do not have to ride the bike into work if you dont want to, its your choice, the only commitment you have is to pay for it.

Personally I dont think the scheme will be around for too long in its current form when the politicians work out how much it costs, so if you are looking to save a lot of money on a bike there hasnt been a better time or reason to splash out.
#25
ukgatecrasher1
It was 5 weeks ago, and it only shows on an advanced search.

I think its worth a mention, considering its such a good deal when measured against many others posted here.


Its not really a deal is it? its not available to everyone who would visit this site.. If an employer chooses to sign up and administer then great! not really a deal more of a scheme IMHO ;-)
#26
leedavis88
Posted before so voted cold! Churning deals or starting a revolution is not what this site is about...


why is it that there is one sad person who has to moan about if a post has been posted again, some people dont sit looking at the post every day 4 hours on end. GET A LIFE.. may be you shud get out more like get a bike lol.
#27
If you're stuck with Halfords, phone their business services, they can get you pretty much any bike, but expect to pay full RRP.
#28
Yes it does seem quite unfair not extending this scheme to students. Afteral they are expected to study at least 40 hours a week and some to be frank have to work very hard with the added pressure of possible failure and a great deal of expectation on their shoulders.

Admittedly some students don't work that hard and the number of hours at uni varies between courses, however having to live on £4.5k a year we need all the help we can get.
#29
great idea... but I was just wondering... will they be healthier riding a bike amongst all the polluting cars? :P
1 Like #30
ibiza
While this is a great idea in principle - the discount only applies based on your marginal tax rate..

So a student trying to buy the same bike as a millionaire needs to pay twice as much.

And to think the government cannot understand why the rich get richer and the poor get poorer?


The Tax Cut
by Anonymous

Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men - the poorest - would pay nothing

The fifth would pay $1

The sixth would pay $3

The seventh $7

The eighth $12

The ninth $18

The tenth man - the richest - would pay $59.

That's what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement - until one day, the owner threw them a curve.

"Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20."

So now dinner for the ten only cost $80. The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still eat for free. But what about the other six - the paying customers? How could they divvy up the $20 windfall so that everyone would get his "fair share?"

The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would end up being 'paid' to eat their meal.

So the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of his earlier $59.

Each of the six was better off than before. And the first four continued to eat for free.
But once outside the restaurant, the men began to compare their savings.

"I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth. "But he got $7!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got seven times more than me!"

"That's true!" shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

The nine men surrounded the tenth and beat him up.

The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short!

And that, boys and girls, journalists and college instructors, is how the tax system works.

The people who pay the highest taxes get the most benefit from a tax reduction.
#31
Evans also do it here Voted HOT btw :)

Others need to get a life

http://www.evanscycles.com/ride2work.jsp;jsessionid=DCCB76965F0C6DF321F5535589EE924E.tc5
#32
Not that this isn't a good deal, but people might want to consider a second hand bike first and you'll save even more. I own a decent Dawes Galaxy tourer (£70) and a mountain bike for £150 which originally cost £450 new. I know a lot of people don't like second hand stuff but with a little knowledge about what to look for and do some quick repairs you can make a huge saving.
#33
I don't understand the website. :-( I'm looking for information on how to buy a bike but it's not very helpfull.
#34
Voted hot anything to reduce cars on the road has got to be a god thing, bikes are pretty cheap though to be honest , i use a 50 mountain bike i bought last year from a website, nothing wrong with it and i use it everyday
#35
tomtomek
great idea... but I was just wondering... will they be healthier riding a bike amongst all the polluting cars? :P


The Institute for European Environmental Policy has published a report showing that car drivers breathe in up to three times more toxic exhaust fumes than pedestrians or cyclists. Cars do not protect drivers from pollution, as motorists are driving in a "tunnel of pollution." Car drivers in the center or outside lanes are subject to a huge buildup of toxic gases. Cyclists and pedestrians who stay close to the curb avoid the worst of the pollution as they are not in the pollution tunnel.

SOURCE: http://www.greenspeed.us/electric_bicycle.htm
#36
This is a very good scheme.

I bought a mountain bike with a RRP of £1,199 and it will cost me just under £500 using this scheme.

There is a final payment at the end of the 12 month period, but in my case it's only ~ £20!

I had the option of sourcing a bike from any bike shop (where the scheme would be based on the price less 10%) or direct from my employer who sourced Claud Butler & Dawes bikes direct (therefore the the scheme was based on trade prices meaning even greater savings :thumbsup:)

Oh, forgot to mention you can also add cycle accessories onto the cost of the scheme, so don't forget to purchase some decent lights, a lock and a helmet.
#37
Kahunaxxx
The Tax Cut
by Anonymous

Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men - the poorest - would pay nothing

The fifth would pay $1

The sixth would pay $3

The seventh $7

The eighth $12

The ninth $18

The tenth man - the richest - would pay $59.

That's what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement - until one day, the owner threw them a curve.

"Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20."

So now dinner for the ten only cost $80. The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still eat for free. But what about the other six - the paying customers? How could they divvy up the $20 windfall so that everyone would get his "fair share?"

The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would end up being 'paid' to eat their meal.

So the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of his earlier $59.

Each of the six was better off than before. And the first four continued to eat for free.
But once outside the restaurant, the men began to compare their savings.

"I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth. "But he got $7!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got seven times more than me!"

"That's true!" shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"

The nine men surrounded the tenth and beat him up.

The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short!

And that, boys and girls, journalists and college instructors, is how the tax system works.

The people who pay the highest taxes get the most benefit from a tax reduction.



Good analogy - i think that's the first time ever that tax has been explained to me that i've understood it!
#38
Fatal Exception
I don't understand the website. :-( I'm looking for information on how to buy a bike but it's not very helpfull.


Its a scheme run by your employer.... you will need to get them to sign up first. As per my previous posts 'Deals' like this just frustrate people... Interesting to know how many people actually benefit from this Post! :oops:
#39
> or a £1000 bike (the absolute max price)

My company allows us to get up to £1500 (pre-tax) of vouchers.
#40
JammyB
Not that this isn't a good deal, but people might want to consider a second hand bike first and you'll save even more. I own a decent Dawes Galaxy tourer (£70) and a mountain bike for £150 which originally cost £450 new. I know a lot of people don't like second hand stuff but with a little knowledge about what to look for and do some quick repairs you can make a huge saving.


I agree. My Marin was close on £1000 new (bike alone) - cost me £250 (Ebay) with panniers, bags, lights, lock and cateye trip computer - owner (like many) had simply lost interest in cycling.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Top of Page
Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!