UK Cycle To Work
Questions and Answers
- 1.
_______ is the provider for Cycle to Work scheme.
Explanation
Cyclescheme is the provider for the Cycle to Work scheme. They offer a tax-efficient way for employees to purchase bicycles and cycling equipment through salary sacrifice. By partnering with various retailers, Cyclescheme allows employees to choose from a wide range of bikes and accessories, making it convenient and affordable for individuals to take up cycling as a means of commuting.Rate this question:
- 2.
When is cycle to work scheme available to members?
- A.
July only
- B.
February only
- C.
Annual Enrolment only
- D.
September only
Correct Answer
C. Annual Enrolment onlyExplanation
The cycle to work scheme is available to members only during the annual enrollment period. This suggests that members can only participate in the scheme once a year, during a specific enrollment period. The scheme is not available in July, February, or September, as stated in the other options.Rate this question:
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- 3.
True or False, Members are able to make any changes to their choices in the event of a lifestyle change.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Members are not able to make any changes to their choices in the event of a lifestyle change. This implies that once a member has made a choice, they are not allowed to modify or alter it, even if their circumstances or preferences change.Rate this question:
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- 4.
True or False, Members can choose any make or model of bike from over 1,850 bike shops across the UK with values ranging from £100 up to £1,000.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Members can choose any make or model of bike from over 1,850 bike shops across the UK with values ranging from £100 up to £1,000. This means that members have a wide range of options when it comes to selecting a bike, and they are not limited to a specific make or model. Additionally, the range of values ensures that there are bikes available at various price points to suit different budgets.Rate this question:
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- 5.
Yes or No, As long as the main use of the bike is to travel to and from work (or for work purposes) this benefit will be free of tax.
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
If the main use of the bike is for commuting to and from work or for work purposes, this benefit will be free of tax. This means that the employee will not have to pay any tax on the benefit they receive from using the bike for work-related travel.Rate this question:
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- 6.
True or False, Member hires the bike for 12 months. At the end of this time, member owns the bike.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
False. The statement implies that the member hires the bike for 12 months and at the end of this time, the member owns the bike. However, the correct answer is False because the statement does not provide any information about the ownership of the bike after the 12-month period. It is possible that the member may have the option to purchase the bike at the end of the rental period, but it is not stated that the member automatically owns the bike.Rate this question:
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- 7.
True or False, Before member can choose this benefit, he will need to visit the local Cyclescheme partner shop and get a written quotation for the bike he want.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Before a member can choose this benefit, they will need to visit the local Cyclescheme partner shop and obtain a written quotation for the bike they want. This suggests that in order to avail of the benefit, the member must physically go to the partner shop and obtain a quotation for the specific bike they are interested in. This implies that the process cannot be completed online or through any other means, making the statement true.Rate this question:
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- 8.
Where can member choose Cycle to Work scheme as part of his/her benefit?
- A.
LPS
- B.
Member Flexible Benefits site
- C.
SAP
- D.
PSA
Correct Answer
B. Member Flexible Benefits siteExplanation
Members can choose the Cycle to Work scheme as part of their benefit on the Member Flexible Benefits site. This suggests that the Member Flexible Benefits site offers a range of benefits for members to choose from, including the Cycle to Work scheme.Rate this question:
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- 9.
Member will receive his _____________electronically at the end of the enrolment period.
Correct Answer
Hire Agreement
Hire agreement
hire agreementExplanation
The member will receive his hire agreement electronically at the end of the enrollment period.Rate this question:
- 10.
The member needs to pay tax or NI on this benefit.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement suggests that the member does not need to pay tax or National Insurance (NI) on this benefit.Rate this question:
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- 11.
The member does not need to use the bike to get to work. Can he/she still choose this benefit?
- A.
Yes
- B.
No
- C.
Maybe
- D.
I don't know
Correct Answer
B. NoExplanation
The member cannot choose this benefit if they do not need to use the bike to get to work. This implies that the benefit is specifically for individuals who require transportation to their workplace using a bike. Therefore, selecting "No" indicates that the member cannot choose this benefit.Rate this question:
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- 12.
Can the member select more than one bicycle?
- A.
Yes
- B.
No
- C.
Maybe
- D.
I don't know
Correct Answer
A. YesExplanation
The member can select more than one bicycle because the question does not impose any restrictions on the number of bicycles that can be selected. Therefore, it is possible for the member to choose multiple bicycles if they wish to do so.Rate this question:
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- 13.
Can the member give the bicycle as a gift?
- A.
Yes
- B.
No
- C.
Maybe
- D.
I don't know
Correct Answer
B. NoExplanation
The member cannot give the bicycle as a gift because the answer is "No".Rate this question:
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- 14.
Yes or No. Member can only choose electric bikes.
- A.
Yes
- B.
No
Correct Answer
B. NoExplanation
The statement "Member can only choose electric bikes" implies that members have no other option but to choose electric bikes. However, the correct answer "No" suggests that members have the option to choose something other than electric bikes. Therefore, the correct answer contradicts the statement, indicating that members have a choice beyond electric bikes.Rate this question:
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- 15.
Is marriage a valid lifestyle event for Cycle to Work scheme benefit?
- A.
Yes
- B.
No
- C.
Maybe
- D.
I don't know
Correct Answer
A. YesExplanation
Marriage is considered a valid lifestyle event for the Cycle to Work scheme benefit because it is a significant life milestone that often involves changes in living arrangements and expenses. Marriage can lead to the need for transportation options, such as cycling to work, and the scheme aims to support individuals in adopting healthier and more sustainable commuting methods. Therefore, offering the benefit to married individuals aligns with the scheme's objective and promotes the use of bicycles as a means of transportation.Rate this question:
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Current Version
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Jun 27, 2024Quiz Edited by
ProProfs Editorial Team -
Aug 06, 2014Quiz Created by
Miguelr
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