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Cycle to work scheme

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Old 06-11-18, 05:21 PM
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Sarequads
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Cycle to work scheme

Ive used "Cycle2work" scheme before but now im trying to set my work up with another scheme. What others operate the same as cycle2work where you use your national insurance number. Im looking at "cycle scheme and it looks like your employer needs to front some cash first. WHat schemes just come off your wage without any initial investment from your employer? thanks
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Old 06-11-18, 05:30 PM
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CliffordK
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I can't say for the UK, but here in the USA, we have several pre-tax pay as you go benefits, such as 401K retirement savings and Health Savings Accounts.

You could, of course, also dump cash into personal savings, children's college funds, or IRA retirement accounts. The USA has a "Roth IRA" which is post tax retirement savings (where income from the Roth is tax free).
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