Cycle to Work Scheme won't be chopped by Chancellor, say gov't sources

Carlton Reid
Cycle to Work Scheme won't be chopped by Chancellor, say gov't sources

In this week's Autumn Statement the Chancellor of the Exchequer Phillip Hammond will wheel out road-building promises for motorists but a rumoured cessation of the Cycle to Work Scheme is not on the cards, Whitehall sources have told the Daily Telegraph.

However, it's expected that other "salary sacrifice" schemes will be reined back.

The Cycle to Work scheme was a green measure introduced in the Finance Act in 1999.

The Reward and Employee Benefits Association has said the cutting of free health checks is counterproductive because "we should be encouraging healthy behaviours."

According to the Telegraph it has been told by a Whitehall source that "pensions contributions, childcare benefits and cycle to work schemes would be exempted from the changes."

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The source added: "There is a balance to be had between safeguarding revenue which is vital for funding public services whilst allowing employees to enjoy some benefits from their employer."

 

 

Tags: cycle to work scheme

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