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 start are 25% and range to 29%

Higher rate:
 minimum savings for higher rate taxpayers start from 35% and range to 39%*

Did you spot those *asterisks? The asterisk is there because those savings work on the assumption that you 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 90% 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.

💡 Top tip

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


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

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