Isn Cycle2Work too good to be true?
Don’t be put off from signing up to your employer’s Cycle2Work scheme because up to 50% off a bicycle and cycling safety equipment sounds too good to be true. Cycle2Work really is as positive as it sounds. To appreciate this, it helps to understand the government’s motives for offering such a generous tax break. Offering great savings off bicycles and cycling safety equipment isn’t an act of generosity or a tax loophole, it makes sound environmental sense. The more people use alternative, more environmentally friendly modes of transport, the less car usage there will be – which would lead to a reduction in carbon emissions, which is a high priority for the government.
