fromianVisits
5 days agoCycle-to-Work perks could shrink while TfL hire bikes remain a little-known option for commuters
It used to be £1,000, but the cap was removed in 2019 due to growing complaints that it limited the purchase of expensive e-bikes and cargo bikes. However, as the benefit is linked to salary, higher tax payers benefit more than ordinary workers, which has led to suspicion that higher rate taxpayers are buying very expensive bikes for weekend fun while being able to legitimately claim a very big chunk of the cost tax-free through the cycle to work scheme.
UK politics

