Saving Calculator

Take advantage of the Government's Green Transport Policy to purchase a new bike and accessories for commuting to and from work at huge savings!

Our easy to use calculator will help you determine how much you will save getting your bike under the Evans Cycles Ride2Work programme.

Simply enter your salary, the cost of your bike, helmet and accessories and we'll work out your savings and the approximate monthly deductions from your salary.

Enter your details

Your annual salary (before tax)	£
Cost of bike	£
Cost of helmet	£
Cost of accessories	£
VAT		Include VAT Exclude VAT


Retail costs
Normal retail cost of your purchase (Voucher Value)	£
Total cost excluding VAT before savings	£
Monthly salary sacrifice (1)	£

Savings via Ride2Work
Income tax	£
National insurance	£
VAT saving	£

Total Savings	£
% savings via Ride2Work

Total cost of your purchase
Total cost after saving	£
Effective monthly cost (2)	£

(1) This is the amount your salary will be reduced by per month based on a 12 month period

(2) This is the difference in your take home pay after the savings have been applied based on a 12 month period

This calculator assumes all earnings come from a salary and that your employer can reclaim VAT (Note: VAT is not applied to helmets). This calculator is based on tax and NI information for the 2008-2009 financial year. National insurance is calculated at 0% on earnings between £0 and £5,435 p.a., 11% on earnings between £5,435 and £40,040 p.a. and 1% thereafter. Income tax is calculated at 20% on earnings between £0 and £36,000 p.a. and 40% thereafter (personal allowance of £5,435 p.a. is deducted before tax is calculated). This calculator is intended to be used for illustration purposes only

This story was last updated on 18/08/2009

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