Cycle to Work Scheme: Low Incomes
Commons · Question 14753 · Tabled 18 Nov 2024 · Treasury · Official record
Answered 21 Nov 2024
Question
Asked by Simon Opher
To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of the Cycle to Work Scheme in improving cycle ownership among people on low incomes.
Answer
Answered by James Murray, 21 Nov 2024
The Cycle to Work scheme is a benefit-in-kind provided by employers to their employees. A benefit-in-kind is a form of non-cash remuneration provided by employers to their employees. Income tax and National Insurance contribution relief is provided on the...