Savings 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!

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)	£	Clear
Cost of Bike and Accessories	£	Clear
Does your Employer reclaim VAT?		Yes (Applies to most employers) No

Savings via Ride2Work
Total cost of Bike and Accessories on Ride2Work	£
Percentage savings	%

Total cost excluding VAT before savings	£
VAT saving	£
Income tax	£
National insurance	£
Total Savings	£
Normal retail cost of your purchase (Voucher Value)	£
Monthly salary sacrifice (1)	£

Monthly cost	£

Please note that the value shown in ‘Monthly Cost’ reflects the Net cost to you. This may differ from the deductions shown on your payslip since these are shown as Gross salary deductions.

This calculator is based on Income Tax and NI information for the 2009-2010 financial year. National insurance is calculated at 0% on earnings between £0 and £4,940 p.a., 11% on earnings between £4,940 and £43,888 p.a. and 1% thereafter. Income tax is calculated at 0% on earnings between £0 and £6,475 p.a., 20% on earnings between £6,475 and £37,400 and 40% thereafter. This calculator is intended to be used for illustration purposes only.