The exemption applies to the first €1,250 expenditure on a a Regular Bike, €1,500 on an Electric Bike or €3,000 on a Cargo Electric Bike.
Benefits for Employer
Using the Cycle to Work scheme, your company can purchase new bike & accessories for your employees. (Limit: €1,250 on a Regular Bike, €1,500 on an Electric Bike or €3,000 on a Cargo Electric Bike)
You can use a salary payback arrangement to allow your employees to pay for the bike over an agreed amount of time up to 12 months. This means that the employees saves between 31% - 51% (depending on tax rate) of the retail price of bike & accessories but your company also makes a PRSI saving of 10.75%.
Organisations with a healthy staff will have improvement in the following:
- Business Performance
- Staff Morale
- Employee Engagement
No more traffic jams or being late because you missed your bus. It's proven that commuting by bike is the most reliable way of transport in the cities.
Benefits for Employee
Save up to 51% on Bikes & Accessories
Employees make a saving of between 31% - 51% depending on tax rate, making it easily the cheapest way to buy a bike.
Cycling is a great form of exercise and by cycling to work you will:
- Feel Happier
- Live Longer
- Travel Cheaper
- Loose weight
- Save the planet
4 Year eligbility
If you availed of the Cycle to Work scheme in 2012 or earlier you are eligible to re-apply for the scheme, no matter what month your original application was made.
Cycle 2 Work Online in 3 easy steps:
- Call into our store our experience staff will advise you of the correct bike, size and accesories we will then give you a Cycle 2 Work Quotation.
- Hand your quotation to your employer and ask them to arrange payment
- Collect your bike & accessories in store or have it shipped Free of Charge.