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CycloTriciy subscribes to the major Cycle To Work schemes to give you the best chance of getting an e-bike through your employer. Contact us now to see if we can help.
To promote healthier journeys to work and to reduce environmental pollution, the 1999 Finance Act introduced an annual tax exemption, which allows employers to loan cycles and cycle 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’. The following guidelines clarify how organisations can take advantage of the exemption to implement a cycle to work scheme that encourages employees to cycle to work and allows employers to reap the benefits of a healthier workforce.
These notes are for guidance only and your individual tax savings may vary. Speak to your employer about whether they have a cycle scheme implemented and the extent of savings you can achieve. In case your employer is not subscribed to a Cycle to Work scheme, it may be a good idea to suggest this to your HR department as this will result in tax savings, not only to yourself, but to your employer too.