This years budget - watch for C2W!
The Rookie
Posts: 27,812
I have it on good authority that the chancellor will be addressing salary sacrifice schemes in the budget tomorrow, personally I think it's unlikely to hit Pensions, ride to work or childcare vouchers, but suspect it will be aimed at clipping the wings of some of the more underhand tax avoidance schemes like car leasing but it's not impossible that Ride to work will be impacted in some way (maybe even improving it to an HP rather than rental......).
Currently riding a Whyte T130C, X0 drivetrain, Magura Trail brakes converted to mixed wheel size (homebuilt wheels) with 140mm Fox 34 Rhythm and RP23 suspension. 12.2Kg.
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I live in hope that they improve the financial benefits of these schemes, even if that means there are tighter checks on bikes bought with the LOC complying with the minimum number of commutes per week (2?).
The transfer of ownership "fair price" stipulated by HMRC for bikes bought new at <£500 or >£500 has pretty much neutralised the benefits of these schemes for lower end tax payers, in my opinion.================
2020 Voodoo Marasa
2017 Cube Attain GTC Pro Disc 2016
2016 Voodoo Wazoo0 -
No changes yet and, it appears, C2W will not be messed withMy blog: http://www.roubaixcycling.cc (kit reviews and other musings)
https://twitter.com/roubaixcc
Facebook? No. Just say no.0 -
I was more worried about the car I have on a salary sacrifice scheme!0
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Well nothing impacted, so all a red herring!Currently riding a Whyte T130C, X0 drivetrain, Magura Trail brakes converted to mixed wheel size (homebuilt wheels) with 140mm Fox 34 Rhythm and RP23 suspension. 12.2Kg.0
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Intent on Cycling Commuting on a budget, but keep on breaking/crashing/finding nice stuff to buy.
Bike 1 (Broken) - Bike 2(Borked) - Bike 3(broken spokes) - Bike 4( Needs Work) - Bike 5 (in bits) - Bike 6* ...0 -
97th choice wrote:I was more worried about the car I have on a salary sacrifice scheme!
I was as well. But looks like we are safe.0
