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  • I have just used 'cycle2work' at a branch of Balfes.
    No issue with using the voucher and adding cash on top.

    Whether Balfes are any good is a matter for another thread.

    Apparently Cycle2work (aka Halfords) scheme is one of the few that doesn't have a month 13 or month 36 [mini] baloon payment of 7% of the initial voucher*. The lady at my office who does the payroll/benefits did a full review of all the main schemes and has been assured that one only pays for 12 months..

    *unverified statement.

    The trade off, as noted above, is that this scheme isn't universally accepted and some bike shops will charge a premium for purchases through this scheme.

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