Reform cycle to work scheme so it can be used by lower-paid, Sunak urged | Cycle hire schemes | The Guardian
Business and cycling groups have urged the government to reform its cycle to work scheme so it can be used by lower-paid and self-employed workers, arguing they are often the people who need it the most.
Introduced more than 20 years ago and since used by more than a million people, the scheme allows users to pay for a bicycle and accessories in instalments taken from their salary on a tax-free basis, thus saving them between 25% and 40%.
But longstanding rules mean it is not available to people earning minimum wage, or close to it, or who do not pay tax on a pay-as-you-earn salaried basis.
In a letter being sent on Monday to the chancellor, Rishi Sunak, groups including the Federation of Small Businesses, the Co-op and British Cycling, have called for this to be changed, arguing that amid rising prices those on lower incomes are most in need of the chance to save money on travel.