Written Question·Treasury·UIN 14753

Cycle to Work Scheme: Low Incomes

Tabled: 18 November 2024
Answered: 21 November 2024
Named Day

Question

Dr Simon Opher

LabourStroud

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

James Murray
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...

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