What is cycle to work?
Cycle to Work scheme is a UK Government tax exemption initiative to promote healthier journeys to work and to reduce environmental pollution.
It allows employers to loan cycles and cyclists' safety equipment to employees as a tax-free benefit. The exemption was one of a series of measures introduced under the Government's Green Transport Plan. A Cycle to Work scheme can give you a saving of up to 42% in tax and national insurance.
FAQs
How much could i save?
