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Cycle to Work Scheme

Save up to £280/yr

What is it?

Through salary sacrifice, you can get a bike and accessories tax-free. On a £1,000 bike, a basic rate taxpayer saves around £280 in tax and NI combined.

Who is eligible?

Your employer must participate in a Cycle to Work scheme. You must use the bike mainly for commuting.

How to claim

Ask your employer if they offer a Cycle to Work scheme. You choose a bike, your employer buys it, and you repay via salary sacrifice over 12+ months.

View on GOV.UK