What is your offset?

Enter your annual income details and ride price to get an estimate of your potential cost offset.

Savings estimator

We do not record, retain or process this information in any way other than to provide you with this cost offset estimate.

Enter a price of your ride from your chosen store.
Enter your total yearly income from all sources.

Disclaimer: This estimator illustrates the potential impact on take-home pay from Workride, which includes factors like yearly income, Kiwisaver, Student loan, and the Quoted Ride Price. Please note that individual circumstances, such as specific tax obligations and employer schemes, may alter these benefits. This illustration should not be seen as a guarantee of offset. The calculations are based on the new tax thresholds applying after 31 July, actual tax outcomes may vary due to changes in how personal tax outcomes will be calculated for the 2024/25 tax year. Neither Workride nor its partners bear responsibility for any financial loss or damage stemming from reliance on this information. For advice tailored to your unique situation, we recommend consulting with an independent financial advisor.

Workride cost offsets can vary but the great news is that our estimator offers indicative forecasts.

Please enter your details to see how much you could save.

Take Home Pay Impact

The "Workride Offset" breaks down into two main components: tax savings and the smart use of your income. Due to the salary sacrifice, your taxable income reduces, so you end up paying less tax overall (PAYE + ACC Levy). Additionally, a small portion of the money that used to go towards other commitments, like KiwiSaver or student loans, is now assisting in covering the cost of your ride for an instant benefit.

Ride Price:

Total offset:

With Workride, you're essentially swapping out taxable income for a new ride. The cost of the ride is taken from your pre-tax salary, which lowers your taxable income. With a lower taxable income, you pay less in income tax (PAYE) and ACC Levy, creating tax savings. Instead of paying tax, and then buying a ride with what's left, we help you remove the tax step altogether meaning a lower equivalent cost to you!

Equivalent cost:

This is the total impact on your take-home pay resulting from the pre-tax salary sacrifice, taking into account PAYE and ACC tax savings, as well as any adjustments to Kiwisaver or student loan contributions.

Offset (%):

Your Salary Sacrifice

This is the reduction in your pre-tax salary due to the salary sacrifice.

Current Income:

Pre-Tax Salary Sacrifice:

New Taxable Income:

Your Summary

These are the details about how the Workride benefit scheme will offset the price of an eligible ride and the impact on take home pay due to salary sacrifice.

Your salary sacrifice is pre-tax, which is equivalent to pre-tax.

Your take home pay impact over 12-months will be which is equivalent to .

This is a cost offset of from the quoted ride price when using Workride.

Workride cost offsets can vary but the great news is that our estimator offers indicative forecasts.

Please enter your details to see how much you could save.

  • By choosing a new ride through Workride, you're essentially swapping out taxed income for a new ride. The cost of the ride is taken from your pre-tax salary, which lowers your taxable income. With a lower taxable income, you pay less in income tax (PAYE) and ACC Levy, creating tax savings for you.

    Instead of paying tax, and then buying a ride with what's left, we help you remove the tax step altogether meaning a lower cost to you!

  • The "Workride Offset" breaks down into two main components: tax savings and the smart use of your income. When you join the Workride scheme, you sacrifice a portion of your pre-tax salary for your chosen ride. This action reduces your taxable income, so you end up paying less tax overall. Furthermore, a portion of the money that used to go towards other commitments, like KiwiSaver or student loans, is now assisting in covering the cost of your ride. Together, these factors create a sensation of getting a significant discount on your ride's retail price, making the whole process feel much lighter on your wallet. This combined benefit is what we term the Workride Cost Offset.

    Workride’s 32-63% cost offset range is achievable for employees who can enter a valid salary sacrifice agreement through participating employers. This applies to those working full-time at a minimum of the official NZ living wage, based on a 40-hour work week. For more information and conditions, please consult your employer or reach out to our support team. (Link to contact page)

  • The quoted ride price is the amount Workride pays for your chosen ride from our retail partners. The retailer may add a surcharge of up to 5% on all ride orders which is included in the quoted ride price. This surcharge ensures all bikes and e-bikes in-store can be sold sustainably through Workride.

    Once instore please let the team know you are using Workride, this ensures the best sales experience.

  • The term 'Annual Income' refers to the sum of all earnings an individual receives over a year from various sources. This comprehensive total includes wages from primary and secondary employment, as well as any other sources of taxable income reported to the Inland Revenue. For a detailed assessment tailored to your unique financial situation, consulting with your employer or seeking guidance from an independent financial advisor is advisable.

  • Workride offers a cost offset range of 32-63% for employees who enter a valid salary sacrifice agreement through participating employers. This benefit applies to those working full-time at a minimum of the official NZ living wage, based on a 40-hour work week. This covers almost all eligible employees. However, in the very rare case that your cost offset falls below this range, please consult your employer or reach out to our support team for assistance. We are here to help! (Link to contact page)

easy steps.

Your dream bike with a 32-63% offset is only a few steps away. Get your employer on board and enjoy riding for less with Workride.

Then simply register online and then pop in store, we take care of the rest.

refer your employer today.

Enter your details to receive our free information pack and kick off the discussion with your employer today. What do you have to lose?

New Zealand bike to work or cycle to work scheme for employees, employer and workplaces.

worked example.

Workride operates on a "salary sacrifice" model, where employees opt to reduce their pre-tax salary to lease a bike or scooter. In addition to the tax savings, a small proportion of other contributions like student loans or Kiwisaver may also be redirected towards the ride, depending on its value. At the end of the lease term, employees have the option to receive a gift of the ride equipment from Workride. 
For example, an employee with a $85,000 salary, 4% Kiwisaver, and Student loan,  chooses a Trek Powerfly FS valued at $6380, but it’s on sale in-store at $5200.

Through Workride, they sacrifice $100 pre-tax and their weekly take-home pay impact is only reduced by $49, totalling an annual net contribution of only $2569 towards the ride. This arrangement benefits both the employee and employer, offering tax savings and financial flexibility. (Rounded for simplicity, please use the estimator above).