Cycling allowances

The Government’s tax free cycling allowance is currently 20p per mile for business journeys made by bike. Higher mileage payments will be subject to tax. Nevertheless, many employers do pay a considerably higher mileage allowance and the money is an obvious incentive to travel by bike.

An alternative way of offering an incentive for cycle use is to ‘pay’ people in the form of extra time off. Several companies grant staff an extra five minutes holiday every time they cycle to work. It doesn’t sound a lot, but for regular cyclists it can amount to an extra two-and-a-half days’ leave each year.

Does your business actively promote cycling? If so, the GoCycle team would love to hear from you