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Cycle To Work

A tax incentive aimed at encouraging employees to get to work by bike and helping employers promote that activity, thereby reducing air pollution and improving commuters' health.

The scheme allows employees to benefit from a long-term tax deductible loan of bikes and commuting equipment such as lights, locks and panniers completely tax free. In return, the idea is that employers benefit from fitter, more punctual, more wide-awake staff. Employees benefit from better health and better bikes because their money goes further. With a budget of, say £400, an employee in the high tax-band can now afford a bike, plus accessories, worth nearly £800. The typical saving for an average tax-payer is between 38-45 per cent.

Useful References
www.cyclescheme.co.uk
www.bikeforall.net
www.dft.gov.org