Cycle to work savings calculator
Enter the price of the bike and your tax band. This is an estimate of the saving on the sacrificed amount, before any end-of-hire fee.
Estimated cost to you
£816
You save around £384, which is 32% of the price.
An estimate only. Your actual saving depends on your pay, your pension arrangements, your employer's scheme terms and the end-of-hire fee. Salary sacrifice cannot take your pay below National Minimum Wage.
What this calculator does not tell you
It does not tell you whether your employer offers a scheme, which provider they use, or whether the shop you want to buy from accepts it. Those are the questions that actually decide whether you get the bike, and they are the ones we are working on next.