Cycle To Work Scheme

What is the Cycle to Work Scheme?

What Does It Do?

The cycle scheme allows employees to buy a bike and equipment completely tax-free!

Who Does It Apply To?

Under the initiative, salaried employees who are employed and paying PAYE tax in Ireland.

Is There A Price Limit?

Yes, you will only receive the tax-relief up to a total of €1,000.

What's Covered Outside of the Bike?

Equipment such as helmets, lights, mirrors, locks, horns, mud guards, pumps, tools, reflective gear etc. are all covered.

Do I Have to Use the Bike For Work?

No, you can use the bike & equipment as much / as little as you like.

Under the terms of the purchase agreement the order is non-cancellable. You'll need to settle the remaining amount before you leave. The outstanding balances will be deducted from your final net salary payment.

What Does That Mean For You?

Employees

Using the Bike to Work scheme, your employer can help you obtain a brand new bike and safety equipment worth up to €1,000. You can use a salary sacrifice arrangement to save up to 51% of the retail price of bike and equipment.

Employers

Bike to Work Ltd offers employers a totally free service to help you take advantage of the Government initiative offering tax free bikes for work. Using the Bike to Work scheme, your company can purchase a brand new bike and safety equipment worth up to €1,000 tax free, for your employees.