How much will I save on the cycle to work scheme?

The amount you will save will depend on your circumstances (specifically your rate of taxation) and the cost of the bike and/or accessories you request. 

The good news is that everybody saves:

Lower rate:

 minimum savings for lower rate taxpayers tend to be  25% to 29%

Higher rate:
 minimum savings for higher rate taxpayers tend to be  35% to 39%*

Did you spot those *asterisks? The asterisk is there because those savings work on the assumption that you have a standard scheme and choose our recommended ownership option known as the 'Own it later' agreement. This option maximises your savings for the least amount of money. We always recommended this option as it protects your savings. However, you can choose the 'Own it now' agreement which will cost you more (for little material benefit) and reduce your savings. Over 95% of participants choose to 'Own it later' and therefore save 25-39% - the choice is yours! 

Helping hand

Find out exactly what your savings will be by using our calculator.

If you're very price conscious check out the Cyclescheme offers area. Here you can save-on-sale with our specific 'no-quibble' retailers.

Please note

Some schemes are funded via finance providers (at employers' discretion). This can mean that savings can be reduced by the cost of a finance charge. Where schemes have a finance charge our calculator will include this in its calculation to ensure you can consider your savings accurately. Only a small percentage of schemes are set up in this way (and the savings remain meaningful). If unsure, please personalise the site and use the calculator.  


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

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