Cycle to Work Scheme: Self-employed
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of making the cycle to work scheme available to people who are self-employed.
Answered by James Murray
The Cycle to Work scheme is a benefit-in-kind provided by employers to their employees. A benefit-in-kind is a form of non-cash remuneration provided by employers to their employees. Income tax and National Insurance contribution relief is provided on the scheme to both employers and their employees via salary sacrifice arrangements. As a result, the scheme is not open to the self-employed, who are not eligible for salary sacrifice.
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