Bicycle Mileage Allowance: Who Qualifies and What You Get
Learn how to receive a tax-free allowance from your employer to help cover your commuting costs when traveling by bicycle.
This scheme allows employees to receive financial support from their employer to help cover the costs of traveling to and from work by bicycle.
Who it's for
This benefit is intended for employees who use a bicycle for their commuting. If your regular travel between your home and your workplace involves cycling, you may be eligible to receive this allowance from your employer.
What you get
You can receive a tax-free allowance from your employer. Because the allowance is tax-free, the money provided is intended to assist with your commuting expenses without being subject to the usual tax deductions.
What it costs you
There is no monetary fee to access this scheme, but it does require some effort from you. To receive the allowance, you must provide proof of usage to your employer to show that you are indeed using a bicycle for your commute.
The catch to know
The main thing to keep in mind is that the allowance is subject to a maximum annual amount. You will not be able to receive more than this limit within a single year.
How to apply
- Speak with your employer to confirm their process for providing the allowance.
- Keep track of your commutes to provide the necessary proof of usage.
- Submit your proof of cycling to your employer to receive your allowance.