2026/27 Tax YearSalary Sacrifice
Bike to Work Scheme Calculator
Calculate your savings on a new bike through the Cycle to Work salary sacrifice scheme. See how much you can save on tax and National Insurance.
HMRC Compliant
Updated May 2026
Save up to 47%
Calculate Your Savings
Enter bike price and salary details
Include helmet, lights, locks and accessories
Total Savings
£420
28% off the retail price
Savings Breakdown
Bike Price£1,500
Monthly Deduction£125
Income Tax Saving£300
National Insurance Saving£120
Final Purchase Option£45
Effective Cost to You£1,125
How the Cycle to Work Scheme Works
1
Choose Your Bike
Select a bike and accessories from a participating retailer. No upper limit on bike value.
2
Salary Sacrifice
The cost is spread over 12-24 months and deducted from your gross salary before tax.
3
Keep Your Bike
At the end, pay a small fee (typically 3-7%) to own the bike outright.