How Does the Salary Sacrifice Work: Updated Rules and Changes as Reeves Releases UK Budget

The 2025 UK Budget confirms a major change to salary sacrifice pensions from April 2029, capping National Insurance ...
Cycling Weekly on MSN

Cycle to Work scheme stays the same despite rumours over financial limit in Budget

Last month, data from the Cycle to Work Alliance showed that the system brought £219 million in bike and accessory sales last ...
Cycling Weekly on MSN

'Let the rich buy their own bikes' – Here's how you responded to a Cycle to Work spending cap proposal

The scheme allows UK residents to save tax on bike purchases by ‘loaning’ them from their employers. Cyclists can save up to ...
LBCOpinion

Reeves is putting the brakes on Cycle to Work, and it’s ordinary commuters who’ll skid first

For 25 years this simple, proven policy has helped over two million people afford a bike for their commute - from nurses and ...
IBTimes UK

Rachel Reeves Bikes Clampdown: Cycle to Work Scheme Explained and Why Workers Are Worried

The government is preparing to tighten the rules around the Cycle to Work scheme, prompting concern among workers who rely on its tax benefits to manage commuting costs. Early briefings suggest that ...
The Financial Times

Rachel Reeves to curb high-end bike purchases in Cycle to Work scheme

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Buyers of expensive manual and electric bicycles through salary sacrifice schemes will have their tax benefits ...
HR Magazine

Reeves plans cap on Cycle to Work tax benefits

Rachel Reeves is preparing to limit the tax benefits available through salary sacrifice schemes for purchasing high-value bicycles, the Financial Times reported on 13 November. The chancellor intends ...
Daily Mail

Now Labour is coming for your bike! Rachel Reeves 'will cap spending on Cycle to Work scheme' in brutal Budget

The Chancellor is reportedly poised to introduce a new cap on how much people can spend on a bicycle through the salary sacrifice scheme. Ms Reeves is currently putting together her Budget, which will ...
Future

“Taxpayers shouldn’t be footing the bill for luxury leisure” – will Cycle to Work purchases be capped in the budget?

The days of funding your next Pinarello Dogma purchase via Cycle to Work may be over. According to the Financial Times, Chancellor Rachel Reeves is planning to introduce a cap on the value of Cycle to ...
Yahoo News UK

Rachel Reeves set to clamp down on high-end bike purchases in Cycle to Work scheme

Rachel Reeves is poised to axe high-end bikes from the Cycle to Work scheme amid concerns it is being exploited by richer commuters, reports suggest. The chancellor will look to clamp down on workers ...
Business Green

Reports: Chancellor tipped to cap 'Cycle-to-Work' schemes in Autumn Budget

Rachel Reeves reportedly eyeing new limits on how much workers using salary sacrifice schemes can spend on high-spec manual bicycles and e-bikes The Treasury is considering placing new restrictions on ...
Future

Government faces backlash from cycling industry over mooted cap on Cycle to Work purchases

Last Thursday, the Financial Times broke the story of the Government’s potential cap on Cycle to Work purchases, quoting a Government source as stating that “taxpayers shouldn’t be footing the bill ...