Watch this video to understand more about the CycletoWork scheme with Halfords
Here's a quick summary:
🚲 Cycle to Work Scheme is managed through Halfords, with access to over 900 independent bike shops too — not just Halfords stores!
🗺️ How it works: Agreement is set up → benefit integrated into the platform → employees browse nearby bike shops via a map → submit their chosen bike → employer approves → employee receives a bike collection certificate within 24 hours!
💳 Payment flow: Employer is invoiced in full at month end → deducted from employee salary over 12 months via the payroll report
💰 Savings for everyone:
Employees save on full NI and tax
Employers save 15% National Insurance — a brilliant one for the business too!
🎛️ Employer control: You can set a spending limit on how much employees can request through the platform
👋 Employee leaves early? No problem — simply deduct the remaining balance from their final month's pay
✉️ Interested? Get in touch and we'll get the agreement sent over to get you started!