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Martin Lewis: Employees cycling for work can claim 24p per mile tax free

Martin Lewis: Employees cycling for work can claim 24p per mile tax free
Employees can claim 24p per mile tax free

Martin Lewis, founder and finance commentator at MoneySavingExpert, clarifies that employees who cycle as part of their job are eligible to receive 24p per mile tax free from their employer.

If the employer does not pay this rate, the employee can write off the amount against tax.

Lewis previously explained how he leveraged 0% credit cards to generate returns by saving borrowed funds at higher interest rates through credit card stoozing. He has also provided guidance on shares Isas, summarizing key investment views for audiences in a recent investment panel segment. These discussions form part of his ongoing personal finance commentary.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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