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Cycling Weekly
Cycling Weekly
Sport
Adam Becket

'Taxpayers shouldn't be footing the bill for luxury leisure' – Cycle to Work scheme expected to be limited in upcoming Budget

Cycle to Work Budget Luxury United Kingdom
A man pays for something in a bike shop.

A budget cap is expected to be imposed on the Cycle to Work scheme in the upcoming Budget, it has been reported.

The scheme, launched in 1999, allows people in the UK to save tax on bikes by 'loaning' them from their employers, allowing prospective cyclists to save up to 42% on the cost of a full price bike, with payments automatically deducted from their salary.

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