Cycle2Work is a salary sacrifice initiative allowing you to spread the cost of a new bike and accessories, usually over 12 months, free of tax and national insurance, which means you can make savings while keeping fit.
You will need to register online with Halfords Cycle2Work, and quote the employer reference number: ULHT C2W
You then visit Halfords, either in store or online to choose a bike. Once you have decided which bike you would like, and any accessories, simply return to your Cycle2Work account to apply by completing a hire agreement.
What you pay depends on the cost of bike and whether you are a basic rate or higher rate tax payer but as an example, a basic rate tax player could save £210 on a £500 bike, and pay just £28.33 a month.
If Halfords do not have a model you like, you can contact Cycle2Work on 0345 504 6444, and they will be happy to talk to you about other ranges.