The cycle scheme allows employees to buy a bike and equipment completely tax-free!
Under the initiative, salaried employees who are employed and paying PAYE tax in Ireland.
Yes, you will only receive the tax-relief up to a total of €1,000.
Equipment such as helmets, lights, mirrors, locks, horns, mud guards, pumps, tools, reflective gear etc. are all covered.
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.
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.
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.