Does paying Scottish or Welsh income tax affect my cycle to work scheme savings?

The answer is... potentially

Scotland:

At the time of writing, Scottish tax rates could vary from English, Welsh and Northern Irish equivalents by around 1%, however this could be a lot more due to the different bands of Taxable Income in Scotland vs England, Wales and Northern Ireland. You can check the most up to date Scottish rates on the Government website here and compare with the English and Northern Ireland rates here.

As the rates are not greatly different from from those of England and Northern Ireland, Cyclescheme has opted not to introduce complexity into our calculators. Instead, we've simply opted to acknowledge the fact that the forecasts that our calculators will generate will be slightly less accurate for Scottish taxpayers. 

Wales:

At the time of writing the Welsh Rate of Tax was the same as it's English and Northern Irish equivalents (2022-2023).

However, it is understood that Wales may have a more variable tax rate at some point in the future. The reason being that each year, the Welsh Government decides the Welsh rates of income tax which are added to the reduced UK rates; choosing to vary these rates, or keep them the same as those paid by English and Northern Irish taxpayers. You can read more on this here.

To find out the exact Rate of Tax for Wales, visit the Government website here. You can compare this to the English and Northern Irish Rates of Tax to see if your savings will vary. 

For a personalised savings figure that includes ownership fees, visit our calculator and enter your details.

You can search to see if your workplace is signed up using the search box on Cyclescheme's homepage.