Cycle to Work Scheme
Save up to £280/yrWhat 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.
Related tips
Avoid the £100k Tax Trap
If you earn between £100,000 and £125,140, you lose £1 of Personal Allowance for every £2 earned above £100k, creating an effective 60% tax rate. Salary sacrifice into a pension can reclaim this.
Save up to £5,000/yr
Pension Tax Relief
Contributions to your workplace pension receive tax relief at your marginal rate. If done via salary sacrifice, you also save on National Insurance. Even a 1% increase can be worth hundreds per year.
Save up to £500/yr
Professional Subscriptions
You can claim tax relief on annual subscriptions to HMRC-approved professional bodies relevant to your job — including the BMA, RICS, ICAEW, Law Society, IET, and hundreds of others.