Save up to 50% on your bike and gear.

Order a bike and accessories through the Cycle To Work Scheme and save on VAT and National Insurance, plus an extra 10%.

Calculate your own savings

How your savings and payments are calculated

Cycle To Work Sample Savings Guide
  Basic rate (20%) taxpayers Higher rate (40%) taxpayers
Example order
Retail price of order [1] £500 £1000 £500 £1000
Discounts
10% Bikedock Discount £50.00 £100.00 £50.00 £100.00
Savings
VAT [2] £67.02 £134.04 £67.02 £134.04
Tax + National Insurance [4] £118.72 £237.45 £157.02 £314.04
What you pay
Monthly gross salary sacrifice (for 12 months) £31.91 £63.83 £31.91 £63.83
Final cash payment [3] £15.75 £31.50 £15.75 £31.50
Totals
Actual cost to employee £280.01 £560.01 £241.71 £483.42
Total savings £219.99 £439.99 £258.29 £516.58
Percentage savings 44.00% 44.00% 51.66% 51.66%

Savings calculator

Remember - in addition to your bike, you must also make allowances in your budget for vital safety equipment such as helmets, lights and locks. Please ensure you take all of your requirements into account when deciding how much you wish to spend!

You can spend a maximum of £1000.00 through the Scheme, after discounts are applied. This makes the theoretical maximum an amount of £1111.11, though not all products are eligible for 10% discount.
Order amount (maximum £1000*): £
Choose your salary sacrifice term:
Choose your tax bracket: What's this?

Your calculation

 Hide details
Order retail price:
Discounts & savings:
of which 10% Bikedock discount:
of which VAT savings:
Amount owed after discounts:
divide by:
Monthly gross** salary sacrifice:
Final cash payment (exl.VAT) :
Amount paid by employee:
of which is saved on Tax & NI from gross payments**:
Actual cost to employee:
Total amount saved:

*About the maximum amount

Under the terms of the Scheme, you may claim up to £1000.00 to spend on bikes and accessories from your employer. Please note that the figure of £1000 may be claimed after discounts have been deducted. Bikedock normally deducts 10% from eligible products, making the theoretical maximum order value a figure of £1111.11. However, certain products (e.g. Brompton and Sparta bikes) may be exempt from discount or receive a reduced discount. If in doubt, please contact Bikedock directly.


**About your gross salary sacrifice

The salary sacrifices you make are deducted from your gross salary. Adding these payments together will result in a figure higher than that which is listed as the actual cost above. However, please remember that you are making additional savings on the tax and National Insurance contributions normally deducted from your gross salary before it is paid to you. The total savings from tax and National Insurance are also outlined above, and they are taken into account when determining the actual cost of the Scheme to you.

Notes

  • [1] You can spend up to £1000 as part of the Scheme.
  • [2] Assumes all equipment is VAT rated at 17.5%.
  • [3] After the end of the salary sacrifice period, your employer may offer you the option to purchase the equipment for a fair market value. This amount is normally around 3.5% of the price after discounts.
  • [4] Based on HMRC National Insurance savings of 11% for Basic Rate taxpayers and 1% for Higher Rate taxpayers.