A.F. Blakemore has partnered with Halfords to offer employees a Cycle to Work scheme.
Cycle2Work is a great employee benefit that offers the most cost-effective way to get new cycling equipment.
The scheme is run via a salary sacrifice, meaning you won’t pay tax or national insurance. This saves you between 33.25% and 48.25% on your new bike and accessories. This reduced cost is simply deducted out of your payslip over 18 months, so there is no need to worry about large one-off costs.
You can apply for anything between £100 and £2,000.
The amount you can spend will be determined by A.F. Blakemore at the point of approval.
You can choose your new bike and accessories from hundreds of brands in-store or online from Halfords, Tredz or one of the independent shops that the scheme works with.
If you apply for | £100 | £500 | £1,000 |
RRP monthly cost* | £8.33 | £41.67 | £83.33 |
Cycle2Work monthly cost | £5.57 | £28.23 | £55.63 |
Cycle2Work total cost | £66.84 | £338.76 | £667.56 |
*Please note this is the amount that will appear on your payslip. Based on a Basic Rate tax payer on a 12-month hire aggreement.
For an accurate quote, visit www.cycle2work.info/bikes/savings-calculator.
A.F. Blakemore's Cycle to Work scheme operates two four-week application windows each year.
It will next be open for applications in early 2023.
Further information is available at www.cycle2work.info.
Answers to frequently asked questions are available here: www.cycle2work.info/Employees/FAQs.
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