The Budget offered confirmation that “Cycle to Work should continue to benefit from income tax and NICs relief when provided through salary sacrifice arrangements”.
The protection of the Cycle to Work scheme from the government’s proposed restriction of the salary sacrifice schemes that attract income tax and NIC advantages is a recognition of its role in promoting employee health and wellbeing.
The Alliance - a policy coalition of four of the largest providers of the Cycle to Work Scheme (Cyclescheme, Cycle Solutions, Evans Cycles, Halfords) – will consider the detail of the proposed changes carefully to ensure that the scheme continues to deliver benefits for commuters, businesses and government.
Steve Edgell, Chair of the Cycle to Work Alliance and Director of Cycle Solutions said: “This is a very welcome announcement which recognises the ongoing success of the Cycle to Work scheme, and confirms the key role that it has to play in promoting employee health and wellbeing.
“The scheme is a proven mechanism for increasing participation in cycling and achieving behavioural change. We are delighted that this has been recognised”.
Cycle to Work Day will be back on Thursday 8th August.
For 2019, businesses from around the world are registering to take part to access the excellent benefits available to your staff and your organisation when more people ride bikes.
Cyclescheme is taking a more holistic approach to cycle to work. Find out how...