Cycle to Work scheme calculator: How much can your employees save on a new bike?

Thinking about swapping your car for a bike on your daily commute? You’re not alone. With rising travel costs and growing interest in sustainable living, more employees than ever are exploring the benefits of the Cycle to Work Scheme, and our Cycle to Work Scheme Calculator is here to help you work out exactly how much you could save. 

In fact, recent research shows how much money cycling to work really saves you: 

• You can save between £1,500 and £2,500 per year through salary sacrifice and reduced travel costs. 

• Report higher levels of happiness and productivity in the workplace. 

• May increase their life expectancy by up to two years thanks to improved cardiovascular health. 

It’s clear that cycling to work isn’t just good for your wallet, it’s good for your wellbeing too. 

Discover the savings on a new bike with our cycle to work scheme calculator 

Cyclescheme, the UK’s leading Cycle to Work provider, enables employees to exchange part of their salary for savings on a new bike or cycling accessories, from helmets and locks to clothing, repair kits, and more. Whether you're commuting daily or just getting started, the scheme makes cycling more accessible and affordable. 

Use our easy-to-navigate cycle to work scheme calculator to explore the impressive savings available to both employees and employers. 

Are you an employee? View the calculator 
Are you an employer? View the calculator 

Here’s what you can expect: 

• Employees can save up to 47% on a wide range of bikes, e-bikes, and accessories from over 2,600 retailers across the UK. 

• No income tax or National Insurance is paid on the total value, and repayments are spread interest-free via salary sacrifice. 

• Employers save up to 15% in National Insurance Contributions for every employee enrolled, that’s around £150 saved per £1,000 processed. 

• Cycling commuters take fewer sick days, saving UK businesses an estimated £83 million annually. 

Want to see how much you could save? Try the calculator now and take the first step toward a healthier, more cost-effective commute. 

The benefits of cycling to work 

With the cost-of-living crisis continuing to impact households across the UK, more than two-thirds of workers have either started cycling or are seriously considering it as a daily commuting option. Introducing a cycle to work salary sacrifice scheme can make it significantly easier, and more affordable, for your employees to make the switch. 

Save on fuel and travel costs 

Cycling helps employees cut down on rising fuel prices and public transport fares. Research shows*, those who cycle to work save, on average, up to £2,500 annually, with the highest savings seen in areas like Greater London. 

A healthier, happier workforce 

Cycling is a proven way to boost both physical and mental wellbeing. Just 60 minutes of cycling per week can halve the risk of heart disease. Employees who cycle also tend to take fewer sick days, contributing to a healthier, more productive workplace. 

Better for the environment 

Cycling instead of driving significantly reduces an individual’s carbon footprint. In fact, car emissions are estimated to be 13 times higher than those of a bicycle, making cycling one of the most sustainable commuting choices available

Ready to set the wheels in motion? 

With 54% of cost-conscious employees considering a change in how they commute, now is the perfect time to explore how the Cycle to Work Scheme can support your workforce. Offering Cyclescheme as part of your employee benefits package not only helps reduce financial pressure, but it also promotes wellbeing, sustainability, and long-term engagement. 

If you're wondering “Are Cycle to Work Schemes Worth It?”, we’ve put together a guide for employers to help you understand the impact, implementation, and value of the scheme. 

To find out more, get in touch today: visit our contact page.