Cycle to Work | CTW vs CTW+ – Reward Gateway

Reward Gateway currently offers two versions of Cycle to Work for our customers.

The introduction of Cycle to Work Plus follows the updated guidance released by the HMRC in June 2019. More information can be found here.

The below table outlines the main differences between RG Cycle to Work and Cycle to Work Plus.

Clients can get in touch with their Client Success Manager to help determine which would be the right option for their organization.

	RG Cycle to Work	Cycle to Work Plus
LOC Limit	Starting at £100 up to £1000	Starting at £100 to any upper limit defined by employer
Bike Ownership	Hired by the employer to employee	Hired by Halfords to the employee
Salary Sacrifice	Managed by the employer	Managed by the employer
Transfer of Ownership	Required by employer	Not required by employer
End of Hire*	Employer chooses between Managed Extended Hire and P11D	Halfords extend the hire directly with the Employee at zero cost
Employee Savings	32% or 42% depending on employee tax bracket	32% or 42% depending on employee tax bracket
Employer Savings	13.80%	13.80%
Invoicing	Employer invoiced by Reward Gateway Credit notes managed by Reward Gateway	Employer invoiced by Reward Gateway Credit notes managed by Reward Gateway
LOC Dispatch	Employee download on their RG portal Direct Debit required for instant LOC dispatch	Sent to employee via email from Halfords instantly after Employer approval
SmartPay™	Auto approval available Deduction reports available	Auto approval available Deduction reports available

*Find the communication sent to employees from Halfords once End of Hire is reached attached bellow

Success Portal